July 23 special trading session to place MEKKAM-12 of 143rd issue (KZK1KY010125) of Kazakhstan's Ministry of Finance on KASE declared failed

23.07.14 17:36
/KASE, July 23, 14/ – Kazakhstan Stock Exchange (KASE) announces that a special trading session to place government short-term treasury bonds of Kazakhstan's Ministry of Finance (MEKKAM) was held in KASE trading system on July 23, 2014 on the terms indicated below (discount bonds, Almaty time). ISSUE PARAMETERS: ---------------------------------------------------------------------- Security type: MEKKAM-12 National identification number: KZK1KY010125 Issue order number: 143 / 12 KASE trade code: MKM012_0143 Nominal value, tenge: 100.00 First circulation date: July 23, 2014 Last circulation date: July 22, 2015 Maturity date: July 23, 2015 Circulation term: 365 days Time base: actual / actual -------------------------------------------- ------------------------- PLACEMENT TERMS: -------------------------------------------- ------------------------- Trade date: July 23, 2014 Term to maturity: 365 days Declared volume at face value, mln tenge: 5,000.0 Trade subject: price 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 23, 2014 Payment time: before 15:00 (Т+0) Limited orders acceptance method: at submitted price Market orders acceptance method: at weighted average price Trading system sector: MEKAM_ST1 Trading system group: MEKKAM_012 -------------------------------------------- ------------------------- BID PARAMETERS: -------------------------------------------- ------------------------- Number of participants: 2 Number of orders submitted (total / active): 2 / 2 including: – limited: 1 – market: 1 Volume of active orders*, mln tenge: 1,095.2 including: – limited: 952.4 – market: 142.9 Bid to ask, %: 230 Price on orders submitted, %: 95.2381 Yield on submitted orders, % APR: 5.0000 ---------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. In the total volume of active orders 87.0 % came from banks; from bank clients – 3.0 %. Kazakhstan's Ministry of Finance declared these special trades failed due to the unsatisfactory price on orders submitted. 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 [2014-07-23]