/KASE, July 30, 14/ – Kazakhstan Stock Exchange (KASE) announces that a repeated
special trading session to offer government long-term treasury bonds of
Kazakhstan's Ministry of Finance (MEUKAM) was held in KASE trading system on
July 30, 2014. Below are the main parameters of the issue, terms and results of
the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-240
National identification number: KZKDKY200027
Issue order number: 2 / 240
KASE trade code: MUM240_0002
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 55,000,000
First circulation date: May 12, 2014
Last circulation date: May 11, 2034
Maturity date: May 12, 2034
Circulation term: 20 years (7,200 days)
Coupon rate: 8.07 % APR
Coupon payment periodicity: once a year
Coupon payment date: May 12 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: July 30, 2014
Term to maturity: 19.8 years (7,122 days)
Declared offering volume, pieces: 25,000,000
Trade subject: "net" 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 30, 2014
Payment time before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_240
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BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (total / active): 7 / 5
including:
– limited: 7 / 5
– market: 0
Active orders*, mln tenge: 59,337.1
including:
– limited: 59,337.1
– market: 0
Bid to ask, %: 233
"Net" price on active orders submitted, % (on all / on active):
– minimum 99.9472
– maximum 100.6318
– weighted average 100.1235 / 100.1091
Yield on active orders submitted, % p.a.:
– minimum 8.0000
– maximum 8.0700
– weighted average 8.0519 / 8.0534
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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: 47,750,000
Volume of accepted orders, tenge: 48,652,761,500.00
Number of orders accepted: 3
Volume of accepted orders, % of plan: 191
"Net" price in orders accepted, %: 100.1421
Yield of bonds to maturity for buyer, % p.a.: 8.0500
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In the total volume of active orders 17.2 % came from banks, 5.6 % – from bank
clients, a pension market entity – 77.2%.
According to Central Securities Depository, all deals on placement of MEUKAM-240
of the second issue by the end of settlement on trade results were executed.
94.2 % of the total volume of bonds placed was bought out by a pension market
entity, 5.8 % – by bank clients.
Talking into account the previous offering the entire volume of MEUKAM-240 of
the fourth issue (KZKDKY200027) made up 102,750,000 bonds to the face value of
KZT102,750,000,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on the KASE secondary market under indicated in the Table trading code. At that
bonds must be quoted in the KASE trading system in 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
[2014-07-30]