/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) on the terms below (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
Volume of bonds in circulation, pieces: 32,000,000
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 rate: 7.68 % per annum
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: September 5, 2014
Term to redemption: 14.9 years (5,378 days)
Declared placement volume, pieces: 10,000,000
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_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: 3
– market: 0
Volume of active orders*, mln tenge: 13,038.2
including:
– limited: 13,038.2
– market: 0
Bid to ask, %: 130
"Net" price on orders submitted, % (on all / on active):
– minimum 98.9461
– maximum 99.9839
– weighted average 99.8242
Yield on orders submitted, % p.a. (on all / on active):
– minimum 7.6800
– maximum 7.8000
– weighted average 7.6983
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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: 11,000,000
Volume of accepted orders, tenge: 11,049,855,666.66
Number of orders accepted: 2
Volume of accepted orders, % of plan: 110
"Net" price in orders accepted, %: 99.9839
Yield of bonds to maturity for buyer, % p.a.: 7.6800
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In the total volume of active orders 15.4 % came from a bank, 7.7 % – from a
bank client, 76.9 % - from a pension market entity.
According to Central Securities Depository, all deals on placement of MEUKAM-
180 of the issue 11 by the end of settlement on trade results were executed.
90.9 % of the total volume of bonds placed was purchased by a pension market
entity, 9.1 % – by a bank client.
Talking into account the previous offering the entire volume of MEUKAM-180 of
the issue 11 (KZKDKY150118) made up 43,000,000 bonds to the face value of
KZT43,000,000,000.00.
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]