Kazakhstan Stock Exchange Holds Repeated Special Trading Session for Government Treasury Bonds

Strategic Insights -

The Kazakhstan Stock Exchange (KASE) hosted 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) on the terms specified below.

The session saw two participants submitting a total of five orders, with a combined volume of 55,776.8 million tenge. Of the total volume, banks accounted for 28.3% and other legal entities for 71.7%. The session resulted in the execution of 34,402,816 bonds, worth 31,999,999,210.4 tenge, with a cut-off price of 89.3474% and a yield of 16.9700% APR.

The total volume of MEUKAM KZKD00001301 bonds purchased during the offering 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. The bonds will be admitted to circulation on KASE's secondary market under the specified trade code on the next business day after the day of fulfillment of obligations under deals.

Key Takeaways:

  • The Kazakhstan Stock Exchange held 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) with two participants and a total volume of 55,776.8 million tenge.
  • The session resulted in the execution of 34,402,816 bonds, worth 31,999,999,210.4 tenge, with a cut-off price of 89.3474% and a yield of 16.9700% APR.
  • The total volume of MEUKAM KZKD00001301 bonds purchased during the offering 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.
  • The bonds will be admitted to circulation on KASE's secondary market under the specified trade code on the next business day after the day of fulfillment of obligations under deals.
  • The session was conducted with strict adherence to the specified terms, including a trade date of September 25, 2025, a maturity period of 7.8 years (2,793 days), and a declared offering volume of 30,000.0 million KZT.

Statistics:

  • Number of participants: 2
  • Total volume of orders submitted: 55,776.8 million tenge
  • Number of orders executed: 34,402,816
  • Volume of orders executed, bonds: 133,536,048
  • Cut-off price, %: 89.3474
  • Yield at cut-off price, % APR: 16.9700
  • Total volume of MEUKAM KZKD00001301 bonds purchased: 133,536,048 bonds, with a nominal value of 133,536,048,000 tenge.

Sources:

  • Kazakhstan Stock Exchange Announcement (exact wording)