/KASE, June 26, 2025/ – The Kazakhstan Stock Exchange (KASE) announces
that on June 26, 2025, two special trading session were held in the KASE's
trading system for placement and additional placement of government mid-term
treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEOKAM) on the conditions below (Astana time).
PLACEMENT CONDITIONS:
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Trading date: 06.26.25
Term to maturity: 1 year (358 days)
Declared placement volume, mln tenge: 60,000.0
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 time: 06.26.25, 15:00
Payment date and time: 06.30.25
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
Limit counter orders proportional to amounts
execution method: of counter orders
Method of execution of market orders: at the weighted average price
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From 15:30 to 16:15 Astana time, a special trading session for additional
placement of the specified bonds was held in the KASE's trading system on the
conditions below.
ADDITIONAL PLACEMENT CONDITIONS:
------------------------------------------------ -----------------------------
Trading date: 06.26.25
Term to maturity: 1 year (358 days)
Declared additional placement volume, mln tenge: 60,000.0
Trade subject: clean price
Market order execution rate, %: 0
Order submission method: closed
Order acceptance time: 15:30–16:15
Order confirmation time: 15:30–16:15
Cut-off time: until 17:00 (T+0)
Payment date and time: 06.30.25
Method of execution of limit at prices of limit
orders: counter orders equal to
the cutoff price or those
more favorable for the seller
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DEMAND PARAMETERS DURING PLACEMENT:
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Number of participants: 3
Number of orders submitted (total / active), 6 / 6
including:
– limit: 6 / 6
– market: 0 / 0
Volume of active orders*, mln tenge, 19,145.4
including:
– limit: 19,145.4
– market: 0.0
Demand vs. offering: 32.8%
Clean price in submitted orders, % of par (for all / active):
– minimum 96.9443
– maximum 97.3709
– weighted average 97.2030
Yield on submitted orders, % per annum (for all / active):
– minimum 16.7500
– maximum 17.2500
– weighted average 16.9463
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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 38.9%, while other
institutional investor accounted for 61.1%.
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DEMAND PARAMETERS DURING ADDITIONAL PLACEMENT:
--------------------------------------------------------- -------------------
Number of participants: 2
Number of orders submitted (total / active): 2 / 2
Volume of active orders*, mln tenge: 1,975.8
Demand vs. offering: 3.4%
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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 49.4%, while other
legal entities accounted for 50.6%.
PLACEMENT RESULTS:
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Volume of executed orders, bonds: 16,676,000
Volume of executed orders, tenge: 16,262,517,771.3
Number of executed orders: 7
Number of participants which orders were executed: 4
Volume of executed orders, % of plan: 27.8
Volume of executed orders, % of demand: 76.9
Clean price in executed orders, % of par:
– minimum 97.1828
– maximum 97.3709
– weighted average 97.2913
Bond yield to maturity for the buyer, % per annum:
– minimum 16.7500
– maximum 16.9700
– weighted average 16.8426
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In terms of the main categories of investors during placement, 21.9% of the total
volume was purchased by banks, 72.0% by other institutional investors, and
6.1% by other legal entities.
Taking into account the previously conducted placement, the total volume of
MEOKAM KZK200000711 (MOM048_0053) amounted to 165,427,855 bonds
with a face value of 165,427,855,000 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.
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/MOM048_0053
[2025-06-26]