/KASE, July 22, 2025/ – Kazakhstan Stock Exchange (KASE) announces that
two special trading sessions (for the offering and additional offering) of
government long-term treasury bonds of the Ministry of Finance of the Republic
of Kazakhstan (MEUKAM) were held in KASE's trading system on July 22, 2025
on the terms below (Astana time).
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OFFERING TERMS
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Trade date: 22.07.25
Current maturity: 8.6 years (3,104 days)
Declared offering volume, mln tenge: 40,000.0
Trade subject: "clean" price
Market order execution ratio, %: from 0 to 100 depending
on market demand
Order submission method: closed
Order collection time: 09:00–12:00
Order confirmation time: 09:00–12:00
Cut-off date and time: 22.07.25, 15:00
Payment date: 24.07.25
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Limit offset orders execution method: pro rata to amounts
of offset orders
Market orders execution method: at weighted average price
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From 15:30 to 16:00 o'clock, Astana time, a special trading session for
additional offering of the mentioned bonds was held in KASE's trading
system on the terms below.
ADDITIONAL OFFERING TERMS:
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Trade date: 22.07.25
Current maturity: 8.6 years (3,104 days)
Declared additional offering volume, mln tenge: 30,000
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order collection time: 15:30–16:00
Order confirmation time: 15:30–16:00
Cut-off date and time: before 17:00 (Т+0)
Payment date: 24.07.25
Limit orders execution method: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
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BID PARAMETERS AT OFFERING:
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Number of participants: 4
Number of orders submitted (all / active): 7 / 7
including:
– limit: 6 / 6
– market: 1 / 1
Volume of active orders*, mln tenge: 16,604.6
including:
– limit: 16,538.1
– market: 66.5
Bid to ask: 44.0 %
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 88.0307
– maximum 89.6367
– weighted average 88.7536
Coupon rate on orders submitted, % APR (on all / active ones):
– minimum 16.8000
– maximum 17.2000
– weighted average 17.0185
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* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
Of the total volume of active orders, banks accounted for 98.8 %, individuals – for
1.2 %.
BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 2
Number of orders submitted (all / active): 2 / 2
Volume of active orders*, mln tenge: 3,907.8
Bid to ask: 13.7 %
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* active orders – orders not annulled by trade participants
at expiry of order submission period including those
confirmed by Confirmation System participants.
In the total volume of active orders, banks accounted for 97.4 %,
individuals – for 2.6 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 6,574,903
Volume of orders executed, tenge: 6,258,981,102.5
Number of orders executed: 4
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 16.4
Volume of executed orders, % of the bid: 30.3
"Clean" price in orders executed, % of face value: 89.6367
Coupon rate of bonds to maturity for buyer, % APR: 16.8000
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In terms of the main categories of investors, 97.3 % of the total volume was
purchased by banks, 2.7 % – by individuals.
Taking into account the previous placement, the total volume of MEUKAM
KZKD00001277 (MUM108_0015) amounted 161,893,138 bonds with a nominal
value of 161,893,138,000 tenge.
Settlements for this offering will be carried out according to the T+2 scheme.
MEKAM sold at today's auction will be admitted to circulation on KASE's
secondary market under the trade code specified in the table on the next
business day after the day of fulfillment of obligations under deals. The bonds
must be quoted in KASE's trading system in clean prices.
The Rules of issue, placement, circulation, service and maturity of government
treasury bonds of the Republic of Kazakhstan are available at
http://kase.kz/files/mix/newgko.pdf
The Rules of placement of government treasury bonds of the Republic of
Kazakhstan are available at
http://kase.kz/files/normative_base/mekam_placement_eng.pdf
Detailed information on the issue of these bonds is available at
https://kase.kz/en/investors/gsecs/MUM108_0015
[2025-07-22]