Kazakhstan Stock Exchange Holds Special Trading Sessions for Government Short-Term Treasury Bonds
The Kazakhstan Stock Exchange (KASE) conducted two special trading sessions on May 20, 2025, for the offering and additional offering of government short-term treasury bonds of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM). The sessions were held in KASE's trading system, with the offering terms and parameters announced prior to the trading sessions.
Key Takeaways:
- The first trading session for the offering of MEKKAM bonds on May 20, 2025, resulted in a total volume of 40,000 million KZT, with a market order execution ratio of 100% and a weighted average yield of 15.7231% APR.
- The second trading session for the additional offering of MEKKAM bonds on May 20, 2025, resulted in a total volume of 35,000 million KZT, with a market order execution ratio of 0% and a weighted average yield of 15.7206% APR.
- The total number of participants in the offering and additional offering sessions was 4, with 2 number of banks and 2 non-bank participants.
- The total volume of orders executed in the offerings was 98.3% of the plan and 100.0% of the bid, with a weighted average "clean" price of 77.9926% of face value.
- The majority of the bonds (78.4%) were purchased by other institutional investors, with banks accounting for 15.3% and broker-dealer organizations accounting for 2.5%.
Statistics:
- Total offering volume: 40,000 million KZT
- Total additional offering volume: 35,000 million KZT
- Total number of participants: 4
- Total number of orders executed: 10
- Total trading volume: 31,927,945,800.0 tenge
- Weighted average yield: 15.7231% APR
- Weighted average "clean" price: 77.9926% of face value
Sources:
- Kazakhstan Stock Exchange announcement, May 20, 2025
- MEKKAM bond terms and parameters announcement, May 20, 2025