/KASE, September 5, 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
September 5, 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-108
National identification number: KZKDKY090063
Issue order number: 6 / 108
KASE trade code: MUM108_0006
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 15,735,000
First circulation date: May 23, 2011
Last circulation date: May 22, 2020
Maturity date: May 23, 2020
Circulation term: 9 years (3,240 days)
Coupon rate: 5.00 % p.a.
Coupon payment periodicity: once a year
Coupon payment date: May 23 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: September 5, 2014
Term to maturity: 5.7 years (2,058 days)
Declared placement volume, pieces: 20,000,000
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: September 5, 2014
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_108
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BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (total / active): 5 / 4
including:
– limited: 5 / 4
– market: 0
Volume of active orders*, mln tenge: 12,518.6
including:
– limited: 12,518.6
– market: 0
Bid to ask, %: 67
"Net" price on orders submitted, % (on all / on active):
– minimum 89.9435
– maximum 93.8861
– weighted average 91.8455 / 92.2362
Yield on orders submitted, % p.a. (on all / on active):
– minimum 6.3000
– maximum 7.2000
– weighted average 6.7597 / 6.6707
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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: 8,367,000
Volume of accepted orders, tenge: 7,943,928,222.99
Number of orders accepted: 3
Volume of accepted orders, % of plan: 42
"Net" price in orders accepted, %: 93.5269
Yield of bonds to maturity for buyer, % p.a.: 6.3800
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In the total volume of active orders 60.6 % came from banks, 39.4 % – from a
bank client.
According to Central Securities Depository, all deals on placement of MEUKAM-108
of the sixth issue by the end of settlement on trade results were executed.
37.1 % of the total volume of bonds placed was purchased by banks, 63.0 % –
by a bank client.
Talking into account the previous offering the entire volume of MEUKAM-108 of
the sixth issue (KZKDKY090063) made up 24,102,000 bonds to the face value of
KZT24,102,000,000.00.
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
[2014-09-05]