Mangistau Distribution Power Grid on July 28 placed 1.6 bn bonds KZP07Y10B668 (KZ2C00002707, MREKb8) on KASE at 9.0 % p.a.
28.07.14 17:55
/KASE, July 28, 14/ – A special trading session to offer bonds KZP07Y10B668
(KZ2C00002707, KASE official list, Rated Debt Securities category, MREKb8;
KZT1, KZT2.4 bn; July 14, 2014 – July 14, 2024; fixed semi-annual coupon, 9.00 %
APR; 30/360) of Mangistau Distribution Power Grid JSC (Aktau) was held in KASE
trading system today.
ISSUE PARAMETERS:
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Security type: coupon bonds
National identification number: KZP07Y10B668
ISIN: KZ2C00002707
KASE trade code: MREKb8
Nominal value, tenge: 1.00
Issue volume, mln tenge:
– registered: 2,400.0
– outstanding: 0
First circulation date: July 14, 2014
Last circulation date: July 13, 2024
Repayment start date: July 14, 2024
Circulation term: 10 years (3,600 days)
Coupon rate: 9.00 % APR
Coupon payment periodicity: twice e year
Coupon payment date: January 14 and July 14
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: July 28, 2014
Term to maturity: 9.96 years (3,586 days)
Declared volume at face value, KZT mln: 2,400.0
Trade subject: "net" price
Types of purchase orders: limited and market
Market order acceptance ratio, %: 70
Order submission method: closed
Order receipt time: 11:30–15:00
Order confirmation time: 11:30–15:00
Striking time: 16:00
Payment date: July 28, 2014
Payment time: before 16:00 (Т+0)
Order acceptance method: at cut-off price
Trade initiator: BCC Invest – subsidiary
of Bank CenterCredit
JSC (Almaty)
Trading system sector: Debts_List_ST1
Trading system group: Rated_ST1
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BID PARAMETERS:
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Number of participants: 3
Number of orders submitted (total / active): 5 / 5
including:
– limited: 5
– market: 0
Active order volume*, mln tenge: 1,610.7
including:
– limited: 1,610.7
– market: 0
Bid to ask, %: 67
"Net" price on active orders submitted, %:
– minimum 99.9929
– maximum 100.0000
– weighted average 99.9951
Yield on active orders submitted, % APR:
– minimum 8.9989
– maximum 9.0000
– weighted average 8.9997
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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: 1,605,200,000
Volume of accepted orders, tenge: 1,610,704,230.80
Number of orders accepted: 5
Volume of accepted orders, % of plan: 67
"Net" price in orders accepted, %: 99.9929
Yield of bonds to maturity for buyer, % APR: 9.0000
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In the total volume of active orders banks accounted for 37.4 %, a brokerage
company – for 31.1 %, clients of brokerage companies – for 31.5 %.
According to Central Securities Depository, all deals on this placement by the
end of settlement by trade results were executed. 37.4 % of the total volume of
bonds placed was purchased by banks, 31.1 % – by brokerage companies, 31.5 % –
by clients of brokerage companies.
[2014-07-28]