/KASE, September 2, 2025/ – Kazakhstan Stock Exchange (KASE) announces
that two special trading sessions (for the offering and additional offering) of
government mid-term treasury bonds of the Ministry of Finance of the Republic of
Kazakhstan (MEOKAM) were held in KASE's trading system on September 2,
2025 on the terms below (Astana time).
OFFERING TERMS
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Trade date: 02.09.25
Current maturity: 332 days
Declared offering volume, mln KZT: 60,000.0
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: 02.09.25, 15:00
Payment date: 04.09.25
Method of execution of limit orders: at prices of limit offset
orders equal to the cut-off
price or those more
favorable for the seller
Method of execution of limit offset orders: pro rata to amounts
of offset orders
Method of execution of market orders: 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: 02.09.25
Current maturity: 332 days
Declared additional offering volume, mln KZT: 55,000.0
Trade subject: "clean" price
Market order execution ratio, %: 0
Order submission method: closed
Order collection time: 15:30–16:15
Order confirmation time: 15:30–16:15
Cut-off time: before 17:00 (Т+0)
Payment date: 04.09.25
Method of execution of limit orders: 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): 26 / 25
incl.:
– limit: 25 / 24
– market: 1 / 1
Volume of active orders*, mln tenge: 132,344.4
incl.:
– limit: 127,344.4
– market: 5,000.0
Bid to ask: х2.3 times
"Clean" price on orders submitted, % of face value (on all / on active ones):
– minimum 94.5023
– maximum 94.7375
– weighted average 94.6373 / 94.6335
Yield on orders submitted, % APR (on all / active ones):
– minimum 16.9000
– maximum 17.2000
– weighted average 17.0279 / 17.0325
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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 22.5 %, other
legal entities – for 77.5 %.
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BID PARAMETERS AT ADDITIONAL OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 8 / 8
Volume of active orders*, mln tenge: 61,556.1
Bid to ask: 117.1 %
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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 3.2 %, other legal entities – for 96.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 72,610,217
Volume of orders executed, tenge: 69,424,443,729.1
Number of orders executed: 10
Number of participants, whose orders were executed: 3
Volume of executed orders, % of plan: 121.0
Volume of executed orders, % of the bid: 35.8
"Clean" price in orders executed, % of face value: 94.7375
Yield of bonds to maturity for buyer, % APR: 16.9000
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In terms of the main categories of investors, 14.2 % of the total volume was
purchased by banks, 85.8 % – by other legal entities.
Taking into account the previous placement, the total volume of MEOKAM
KZK200000679 (MOM060_0052) amounted to 455,553,532 bonds with a
nominal value of 455,553,532,000 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
https://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/MOM060_0052
[2025-09-02]