Kazakhstan's Ministry of Finance on March 28 raised KZT 80.9 bn by placing MEUKAM KZKD00001269 (MUM120 0020) on KASE at yield to maturity of 14.10 % APR

/KASE, March 28, 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 on January 30, 2025 on the terms below (Astana time).

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BID PARAMETERS:                                            
---------------------------------------------- ------------
Number of participants:                        2           
Number of orders submitted (all / active):     2 / 2       
including:                                                 
- limit:                                       2 / 2       
- market:                                      0 / 0       
Volume of active orders*, mln tenge:           82,407.4    
including:                                                 
- limit:                                       82,407.4    
- market:                                      0.0         
Bid to ask:                                    101.9 %     
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
- minimum                                      98.3620     
- maximum                                      99.3843     
- weighted average                             99.3655     
Yield on orders submitted, % APR (on all / on active ones):
- minimum                                      14.1000     
- maximum                                      14.3000     
- weighted average                             14.1036     
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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 1.8 %, other institutional investors - for 98.2 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   80,000,000      
Volume of orders executed, tenge:                   80,907,440,000.0
Number of orders executed:                          1               
Number of participants, whose orders were executed: 1               
Volume of executed orders, % of plan:               100.0           
Volume of executed orders, % of the bid:            98.2            
"Clean" price in orders executed, % of face value:  99.3843         
Yield of bonds to maturity for buyer, % APR:        14.1000         
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During the offering, the total volume was purchased by institutional investors.

According to the data of Central Securities Depository JSC, transactions for the placement of MEUKAM KZKD00001269 (MUM120_0020) were executed by the time the settlements based on the trading results were completed.

Taking into account the previous offering, the total volume of MEUKAM KZKD00001269 (MUM120_0020) amounted to 121,700,015 bonds with a nominal value of 121,700,015,000 tenge.

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OFFERING TERMS:                                                        
------------------------------------------- ---------------------------
Trade date:                                 28.03.25                   
Current maturity:                           9.9 years (3,555 days)     
Declared offering volume, mln KZT:          80,000.0                   
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:                      28.03.25, 15:00            
Payment date:                               28.03.25                   
Method of execution of limit offset orders: pro rata to amounts        
                                            of offset orders           
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 market orders:       at weighted average price  
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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 obligations of the Republic of Kazakhstan are available at see more

The Rules of placement of government treasury bonds of the Republic of Kazakhstan are available at see more

Details of the mentioned bond issue are available at see more

[2025-03-28]