/KASE, September 2, 2025/ – Kazakhstan Stock Exchange (KASE) announces
that a repeated special trading session for the offering of government long-term
treasury bonds of the Ministry of Finance of the Republic of Kazakhstan
(MEUKAM) was held in KASE's trading system today on the terms below
(Astana time).
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BID PARAMETERS:
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Number of participants: 2
Number of orders submitted (all / active): 5 / 5
including:
– limit: 5 / 5
– market: 0 / 0
Volume of active orders*, mln tenge: 55,776.8
including:
– limit: 55,776.8
– market: 0.0
Bid to ask: х2.0 times
"Clean" price on orders submitted, % of face value
(on all / on active ones):
– minimum 89.2326
– maximum 89.5009
– weighted average 89.3534
Yield on orders submitted, % APR (on all / on active ones):
– minimum 16.9300
– maximum 17.0000
– weighted average 16.9684
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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 28.3 %, other legal
entities – for 71.7 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 34,402,816
Volume of orders executed, tenge: 31,999,999,210.4
Number of orders executed: 2
Number of participants, whose orders were executed: 1
Volume of executed orders, % of plan: 114.7
Volume of executed orders, % of the bid: 57.3
"Clean" cut-off price, %: 89.3474
"Clean" price in orders executed, % of face value:
– minimum 89.3474
– maximum 89.5009
–weighted average 89.4433
Yield at cut-off price, % APR: 16.9700
Yield of bonds to maturity for buyer, % APR:
– minimum 16.9300
– maximum 16.9700
– weighted average 16.9450
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During the offering, the total volume was purchased by legal entities.
Taking into account the previous offering, the total volume of MEUKAM
KZKD00001301 (MUM096_0015) amounted to 133,536,048 bonds with a
nominal value of 133,536,048,000 tenge.
Settlements for this placement 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.
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OFFERING TERMS:
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Trade date: 02.09.25
Current maturity: 7.8 years (2,793 days)
Declared offering volume, mln KZT: 30,000.0
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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The Rules of issue, placement, circulation, service and maturity of government
treasury obligations of the Republic of Kazakhstan are available at
https://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
Details of the mentioned bond issue are available at
https://kase.kz/en/investors/gsecs/MUM096_0015
[2025-09-02]