/KASE, August 13, 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
August 13, 2014. Below are main parameters, terms and conditions and results of
the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-180
National identification number: KZKDKY150118
Issue order number: 11 / 180
KASE trade code: MUM180_0011
Nominal value, tenge: 1,000.00
First circulation date: August 13, 2014
Last circulation date: August 12, 2029
Maturity date: August 13, 2029
Circulation term: 15 years (5,400 days)
Coupon payment periodicity: once a year
Coupon payment date: August 13 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: August 13, 2014
Term to redemption: 15 years (5,400 days)
Declared placement volume, pieces: 30,000,000
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: August 13, 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_180
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BID PARAMETERS:
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Number of participants: 2
Number of orders submitted (total / active): 3 / 3
including:
– limited: 2
– market: 1
Active orders*, mln tenge: 32,000.0
including:
– limited: 30,000.0
– market: 2,000.0
Bid to ask, %: 107
Coupon rate on orders submitted, % APR: 7.6800
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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: 32,000,000
Number of orders accepted: 3
Volume of accepted orders, % of plan: 107
Coupon rate, % APR: 7.6800
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In the total volume of active orders a pension market entity accounted for
78.1 %, bank clients – for 21.9 %.
According to Central Securities Depository (Almaty), all deals on placement of
MEUKAM-180 of issue 11 by the end of settlement on trade results were executed.
78.1 % of the total number of outstanding shares were purchased by a pension
market entity, 21.9 % – 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
[2014-08-13]