/KASE, April 9, 14/ – Kazakhstan Stock Exchange (KASE) announces that the
repeated special trading session to offer government long-term treasury
bonds of Kazakhstan Ministry of Finance (MEUKAM) was held in KASE trading
system on April 9, 2014. Below are the main parameters of the issue, terms
and results of the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-84
National identification number: KZKDKY070149
Issue order number: 14 / 84
KASE trade code: MUM084_0014
Nominal value, tenge: 1,000.00
First circulation date: April 9, 2014
Last circulation date: April 8, 2021
Maturity date: April 9, 2021
Circulation term: 7 years (2,520 days)
Coupon payment periodicity: once a year
Coupon payment date: April 9 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: April 9, 2014
Term to maturity: 7 years (2,520 days)
Declared placement volume, pieces: 20,000,000
Trade subject: coupon rate
Market order acceptance ratio, %: 70
Order submission method: closed
Order receipt time: 09:00–11:00
Order confirmation time: 09:00–11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment date: April 9, 2014
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price (rate)
Trading system sector MEKAM_ST1
Trading system group MEUKAM_084
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BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (total / active): 8 / 8
including:
– limited: 7
– market: 1
Active orders*, mln tenge: 27,100.0
including:
– limited: 26,900.0
– market: 200.0
Bid to ask, %: 136
Coupon rate on submitted orders, % годовых:
– minimum 6.5000
– maximum 9.4700
– weighted average 6.8764
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* active orders – orders no annulled by trade participants at
expiry of order submission period including those
confirmed by Confirmation System participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 22,400,000
Volume of accepted orders, tenge: 4
Volume of accepted orders, % of plan: 112
Coupon rate, % APR: 6.65
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In the total volume of active orders 25.5 % fall on banks, banks
clients – 74.5 %.
According to Central Securities Depository, all deals on placement of
MEUKAM-84 of 14th issue by the end of settlements on trade results were
executed. 9.8 % from the total volume of placed bonds were purchased by
banks, 90.2 % – banks clients.
MEUKAM sold by the Ministry of Finance are automatically admitted to
circulation on the KASE secondary market under indicated in the Table trading
code. At that bonds must be quoted in the KASE trading system in net prices.
The text of the Rules on issue, placement, circulation, service and maturity of
government treasury obligations of the Republic of Kazakhstan is available on
the KASE website at
http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules on placement of government treasury obligations of the
Republic of Kazakhstan is available on the KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2014-04-09]