/KASE, July 16, 14/ – Kazakhstan Stock Exchange (KASE) announces that the
special trading session to place government long-term treasury bonds of
Kazakhstan Ministry of Finance (MEUKAM) was held in KASE trading system
on July 16, 2014. Below are the main parameters, terms and conditions
and results of the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-132
National identification number: KZKDKY111323
Issue order number: 6 / 132
KASE trade code: MUM132_0006
Nominal value, tenge: 1,000.00
First circulation date: July 16, 2014
Last circulation date: July 15, 20.25
Maturity date: July 16, 2025
Circulation term: 11 years (3,960 days)
Coupon payment periodicity: once a year
Coupon payment date: July 16 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: July 16, 2014
Term to maturity: 11 years (3,960 days)
Declared offering volume, pieces: 16,000,000
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: July 16, 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_132
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BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (total / active): 8 / 6
including:
– limited: 7 / 5
– market: 1
Active orders*, mln tenge: 25,500.0
including:
– limited: 24,500,0
– market: 1,000,0
Bid to ask, %: 159
Coupon rate on active orders submitted, % APR:
– minimum 7.2000
– maximum 7.3500
– weighted average 7.2477 / 7.2486
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* active orders – orders not 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: 23,500,000
Number of orders accepted: 5
Volume of accepted orders, % of plan: 147
Coupon rate, % APR: 7.2500
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In the total volume of active orders Kazakhstan banks accounted for 33.3 %,
bank clients – 23.5 %, a pension market entity – 43.1%.
According to Central Securities Depository (Almaty), all deals on placement of
MEUKAM-132 of sixth issue by the end of settlement on trade results were
executed. 27.7 % from the total number of offered shares were purchased by
banks, 25.5 % – by banks clients, a pension market entity – 46.8 %.
MEUKAM sold by Kazakhstan's Ministry of Finance shall automatically be
admitted to circulation on the KASE secondary market under the trade code as
in the table. The securities must quote in KASE trading systems at 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
[2014-07-16]