/KASE, October 7, 2025/ – Kazakhstan Stock Exchange (KASE) announces that
two special trading sessions (for the offering and additional offering) of
government medium-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEOKAM) were held in KASE's trading system on
October 7, 2025 on the terms below (Astana time).
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OFFERING TERMS
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Trade date: 07.10.25
Declared offering volume, mln KZT: 60,000.0
Trade subject: coupon rate
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: 07.10.25, 15:00
Payment date: 09.10.25
Method of execution of limit offset orders: pro rata to amounts
of offset orders
Method of execution of limit orders: at the single cut-off price
Method of execution of market orders: at the single cut-off price
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From 15:30 to 16:00 o'clock, Astana time, the issuer planned to
additionally place the indicated bonds for the amount of KZT 60,000.0 mln in
KASE's trading system during a special trading session. The special trading
session on additional offering was declared invalid due to the fact that at
the end of the order collection period there were no active orders in
KASE's trading and clearing system.
BID PARAMETERS AT OFFERING:
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Number of participants: 3
Number of orders submitted (all / active): 5 / 4
including:
– limit: 4 / 3
– market: 1 / 1
Volume of active orders*, mln tenge: 1,609.0
including:
– limit: 1,109.0
– market: 500.0
Bid to ask: 2.7 %
Rate of coupon on orders submitted, % APR (on all / active ones):
– minimum 16.9500
– maximum 19.0000 / 17.8500
– weighted average 17.9692 / 17.6488
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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 62.1 %, other
institutional investors – for 31.1 %, individuals – for 6.8 %.
OFFERING RESULTS:
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Volume of orders executed, bonds: 363,333
Volume of orders executed, tenge: 363,333,000.0
Number of orders executed: 2
Number of participants, whose orders were executed: 2
Volume of executed orders, % of plan: 0.6
Volume of executed orders, % of the bid: 22.6
Rate of coupon in orders executed, % APR: 16.9500
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In terms of the main categories of investors, 70.0 % of the total volume of the
placement was purchased by institutional investors, 30.0 % – by individuals.
Settlements on this offering will be carried out on October 9, 2025 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 working 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
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
Detailed information on the issue of these bonds is available at
https://kase.kz/en/investors/gsecs/MOM060_0055
[2025-10-07]