Kazakhstan's Ministry of Finance on March 28 raised KZT 45.0 bn by placing MEUKAM KZKD00001152 (MUM132 0007) on KASE at yield to maturity of 14.60 % 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:           46,455.0    
including:                                                 
- limit:                                       46,455.0    
- market:                                      0.0         
Bid to ask:                                    103.4 %     
"Clean" price on orders submitted, % of face value         
(on all / on active ones):                                 
- minimum                                      80.1470     
- maximum                                      82.7508     
- weighted average                             82.6643     
Yield on orders submitted, % APR (on all / on active ones):
- minimum                                      14.6000     
- maximum                                      15.3000     
- weighted average                             14.6226     
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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 3.2 %, other institutional investors - for 96.8 %.

OFFERING RESULTS:

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Volume of orders executed, bonds:                   50,000,000      
Volume of orders executed, tenge:                   44,954,983,333.3
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:            96.7            
"Clean" price in orders executed, % of face value:  82.7508         
Yield of bonds to maturity for buyer, % APR:        14.6000         
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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 KZKD00001152 (MUM132_0007) 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 KZKD00001152 (MUM132_0007) amounted to 517,297,024 bonds with a nominal value of 517,297,024,000 tenge.

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OFFERING TERMS:                                                                    
------------------------------------- ---------------------------------------------
Trade date:                           28.03.25                                     
Current maturity:                     7.3 years (2,638 days)                       
Declared offering volume, KZT mln:    50,000.0                                     
Trade subject:                        "clean" price                                
Market order execution rate, %:       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                                     
Limit offset orders execution method: pro rata to amounts                          
                                      of offset orders                             
Limit orders execution method:        at prices of limit offset orders equal to the
                                      cut-off price or those                       
                                      more favorable for                           
                                      the seller                                   
Market orders execution method:       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]