/KASE, June 24, 2025/ – Today, the repeated special trading session was held in
the Kazakhstan Stock Exchange's (KASE) trading system for placement of
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM). Below are the demand parameters and special
trading session results.
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DEMAND PARAMETERS:
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Number of participants: 9
Number of orders submitted (total / active), 38 / 29
including:
– limit: 38 / 29
– market: 0 / 0
Volume of active orders*, mln tenge, 61,307.7
including:
– limit: 61,307.7
– market: 0.0
Demand vs. offering: x3.6
Clean price in submitted orders, % of par (for all / active):
– minimum 84.3011
– maximum 85.3390
– weighted average 85.0641 / 85.0876
Yield on submitted orders, % per annum (for all / active):
– minimum 16.7500
– maximum 17.5000
– weighted average 16.9472 / 16.9303
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* active orders – orders that have not been cancelled by the trading
participants at the time of the order submission period expiration, including
those confirmed by participants of the Confirmation System.
Of the total volume of active orders, the banks accounted for 89.5%, other
institutional investors accounted for 0.1%, and other legal entities accounted
for 10.4%.
PLACEMENT RESULTS:
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Volume of executed orders, bonds: 52,084,186
Volume of executed orders, tenge: 44,433,263,940.3
Number of executed orders: 11
Number of participants which orders were executed: 6
Volume of executed orders, % of plan: 260.4
Volume of executed orders, % of demand: 72.4
Clean cut-off price, %: 85.1298
Clean price in executed orders, % of par:
– minimum 85.1298
– maximum 85.3390
– weighted average 85.1860
Yield at cut-off price, % per annum: 16.9000
Bond yield to maturity for the buyer, % per annum:
– minimum 16.7500
– maximum 16.9000
– weighted average 16.8597
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In terms of the main categories of investors during placement, 91.0% of the total
volume was purchased by banks and 9.0% by other legal entities.
Taking into account the previously conducted placement, the total volume of
MEUKAM KZKD00000758 (MUM156_0005) amounted to 573,160,253 bonds
with a face value of 573,160,253,000 tenge.
Settlement for this placement will be carried out according to the T+2 scheme.
The MEKAMs sold at today's auction will be admitted to circulation on the
KASE's secondary market under the trading code indicated in the table on the
next working day after fulfillment of the transaction obligations. At that, the bonds
must be quoted in the KASE's trading system in clean prices.
PLACEMENT CONDITIONS:
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Trading date: 06.24.25
Term to maturity: 2.0 years (716 days)
Declared placement volume, mln tenge: 20,000.0
Trade subject: clean price
Market order execution rate, %*: from 0 to 100 depending
on market demand
Order submission method: closed
Order acceptance time: 09:00-12:00
Order confirmation time: 09:00-12:00
Cut-off date and time: 06.24.25, 15:00
Payment date: 06.26.25
Limit counter orders proportional to amounts
execution method: of counter orders
Method of execution of limit at prices of limit
orders: counter orders equal to
the cut-off price or those
more favorable for the seller
Method of execution of market orders: at the weighted average price
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The rules for issue, placement, circulation, servicing and redemption of
government treasury bonds of the Republic of Kazakhstan are published at
https://kase.kz/files/mix/newgko.pdf
The rules for placement of government treasury bonds of the Republic of
Kazakhstan are published at
https://kase.kz/files/normative_base/mekam_placement.pdf
Detailed information on the issue of these bonds is published at
https://kase.kz/en/investors/gsecs/MUM156_0005
[2025-06-24]