Kazakhstan's Ministry of Finance on September 10 placed another 12.0 mln MEUKAM-120 of issue 14 (KZKDKY100149) on KASE at 7.12 % APR

10.09.14 17:14
/KASE, September 10, 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 10, 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: -------------------------------------------------------------------- Security type: MEUKAM-120 National identification number: KZKDKY100149 Issue order number: 14 / 120 KASE trade code: MUM120_0014 Nominal value, tenge: 1,000.00 Volume of bonds in circulation, pieces: 7,783,000 First circulation date: August 6, 2014 Last circulation date: August 5, 2024 Maturity date: August 6, 2024 Circulation term: 10 years (3,600 days) Coupon rate: 7.13 % APR Coupon payment periodicity: once a year Coupon payment date: August 6 annually Time base: 30 / 360 --------------------------------------------- ---------------------- PLACEMENT TERMS: --------------------------------------------- ---------------------- Trade date: September 10, 2014 Term to maturity: 9.9 years (3,566 days) Declared offering 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 10, 2014 Payment time: before 15:00 (Т+0) Order acceptance method: at cut-off price Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_120 --------------------------------------------- ---------------------- BID PARAMETERS: --------------------------------------------- ---------------------- Number of participants: 4 Number of orders submitted (total / active): 8 / 7 including: – limited: 7 / 6 – market: 1 Volume of active orders*, mln tenge: 14,224.3 including: – limited: 13,422.0 – market: 802.3 Bid to ask, %: 71 "Net" price on orders submitted, % (on all / on active): – minimum 95.1439 – maximum 100.8866 – weighted average 99.9630 / 99.6179 Yield on orders submitted, % p.a. (on all / on active): – minimum 7.0000 – maximum 7.8500 – weighted average 7.1323 / 7.1822 --------------------------------------------- ---------------------- * 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: 11,983,000 Volume of accepted orders, tenge: 12,069,515,928.55 Number of orders accepted: 4 Volume of accepted orders, % of plan: 60 "Net" price in orders accepted, %: 100.0486 Yield of bonds to maturity for buyer, % p.a.: 7.1200 -------------------------------------------------------------------- In the total volume of active orders 49.4 % came from a bank, 50.7 % – from bank clients. According to Central Securities Depository, all deals on placement of MEUKAM- 120 of the issue 14 by the end of settlement on trade results were executed. 41.7 % of the total volume of bonds placed was purchased by a bank, 58.3 % – by bank clients. Talking into account the previous offering the entire volume of MEUKAM-120 of the issue 14 (KZKDKY100149) made up 19,766,000 bonds to the face value of KZT19,766,000,000.00. 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 [2014-09-10]