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: -------------------------------------------------------------------- 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 -------------------------------------------- ----------------------- PLACEMENT TERMS: -------------------------------------------- ----------------------- 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 -------------------------------------------- ----------------------- BID PARAMETERS: -------------------------------------------- ----------------------- 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 -------------------------------------------- ----------------------- * active orders – orders no annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. PLACEMENT RESULTS: -------------------------------------------- ----------------------- 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 -------------------------------------------------------------------- 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]