/KASE, July 25, 14/ – Kazakhstan Stock Exchange (KASE) announces that a special
trading session to place government long-term treasury bonds of Kazakhstan's
Ministry of Finance (MEUKAM) was held in KASE trading system on July 25, 2014.
Below are main parameters, terms and conditions and results of the offering
(Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-300
National identification number: KZKDKY250022
Issue order number: 2 / 300
KASE trade code: MUM300_0002
Nominal value, tenge: 1,000.00
First circulation date: July 25, 2014
Last circulation date: July 24, 2039
Maturity date: July 25, 2039
Circulation term: 25 years (9,000 days)
Coupon payment periodicity: once a year
Coupon payment date: July 25 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: July 25, 2014
Term to maturity: 25 years (9,000 days)
Declared offering volume, pieces: 10,000,000
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 25, 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_300
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BID PARAMETERS:
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Number of participants: 1
Number of orders submitted (total / active): 1 / 1
including:
– limited: 1
– market: 0
Active orders*, mln tenge: 25,000.0
Bid to ask, %: 250
Coupon rate on orders submitted: 8,3500
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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: 25,000,000
Number of orders accepted: 1
Volume of accepted orders, % of plan: 250
Coupon rate, % APR: 8.3500
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The total volume of active orders came from a pension market entity.
According to Central Securities Depository (Almaty), all deals on placement of
MEUKAM-300 of the second issue by the end of settlement on trade results
were executed. 75.9 % of the total number of outstanding shares were
purchased by banks, 24.1 % – by bank clients.
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
[2014-07-25]