Kazakhstan Stock Exchange Holds Special Trading Sessions for Government Long-term Treasury Bonds

Strategic Insights -

The Kazakhstan Stock Exchange (KASE) hosted two special trading sessions for government long-term treasury bonds (MEUKAM) on August 26, 2025. The sessions aimed to offer and supplement the existing bonds for investors. The offering terms for both sessions were as follows: a trade date of August 26, 2025, with a current maturity of 6.5 years and a declared offering volume of 60,000 million tenge. The terms also specified a "clean" price market order execution ratio, order submission method, and payment date.

Key Takeaways:

  • Two special trading sessions were held on August 26, 2025, for government long-term treasury bonds (MEUKAM).
  • The sessions aimed to offer and supplement the existing bonds for investors.
  • The offering terms included a trade date of August 26, 2025, with a current maturity of 6.5 years and a declared offering volume of 60,000 million tenge.
  • The bid parameters for the offering showed a weighted average "clean" price of 90.6829 and a yield of 16.9956 APR.
  • The additional offering terms had a declared additional volume of 50,000 million tenge and a bid to ask ratio of 100.0%.
  • The total volume of active orders came from institutional investors, with 89.2% being from banks in the offering and 100% from institutional investors in the additional offering.
  • The offering results showed a total volume of orders executed of 111.7% of the plan and 97.1% of the bid, with a "clean" price of 90.7054 and a yield of 16.9898 APR.
  • The main categories of investors purchasing the bonds included banks (22.4%) and other institutional investors (77.6%).

Statistics:

  • Total volume of orders executed: 67,041,613 bonds
  • Total volume of orders executed in tenge: 65,486,891,047.6
  • Number of orders executed: 5
  • Volume of executed orders, % of plan: 111.7
  • Volume of executed orders, % of the bid: 97.1
  • "Clean" price in orders executed, % of face value: 90.6672 - 90.9862
  • Yield of bonds to maturity for buyer, % APR: 16.9100 - 17.0000

Sources:

  • Kazakhstan Stock Exchange announcement dated August 26, 2025.