Bonds of the Ministry of Finance of the Republic of Kazakhstan. Last week, the Ministry of Finance of the Republic of Kazakhstan placed two bond issues for a total of KZT57.3 bln (last week there were three bond issues for a total of KZT44.7 bln). The 9-year bonds evidenced the strongest demand of 118% vs supply, and their yield amounted to 11.04%. 74.5% of the placement was purchased by institutional investors, 19.8% - by other legal entities, and 5.7% - by brokers. Yield on 2-year bonds amounted to 10.73% (the previous similar issue occurred in November last year for a total of KZT42.1 bln with a yield of 10.48%). 40.5% of that issue was purchased by banks, 32.7% - by institutional investors, 26.3% - by other legal entities whilst 0.5% - by brokers.
Notes of the National Bank of the Republic of Kazakhstan. On 14 February 2022, an auction for 28-day notes placement was held in the amount of KZT270.0 bln with a yield of 10.2266% (the yield of 28-day notes issued in the previous week amounted to 10.1882%, the placement amounted to KZT389.9 bln). On 16 February 2022, an auction for 182-day notes placement was held in the amount of KZT100.0 bln with a yield of 10.5315% (the yield of 182-day notes issued in the previous month amounted to 10.0233%, the placement amounted to KZT41.5 bln).
The weekly net borrowing balance of the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan in the government securities market amounted to minus KZT 384 261 mln, with the weekly net borrowing balance of the National Bank of the Republic of Kazakhstan in the amount of minus KZT 427 736 mln.
Corporate issuers. On 15 February 2022, Subsidiary bank “Home Credit and Finance Bank” JSC placed 2-year bonds in the amount of KZT4.8 bln with a yield of 12.8%. Demand for those securities amounted to 138% of the supply. 16.7% of the issue’s total was purchased by brokers, 21.8% - by institutional investors, and 61.5% - by other legal entities. On 17 February 2022, “Microfinance organisation OnlineKazFinance” LLC placed 3-year bonds in the amount of KZT1.5 bln with a yield of 17.5%. 46.6% of the issue’s total accounted for brokers, 49.3% - for institutional investors, and 4.1% - for other legal entities.
