/KASE, September 17, 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 17, 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-156
National identification number: KZKDKY131560
Issue order number: 5 / 156
KASE trade code: MUM156_0005
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 16,000,000
First circulation date: June 20, 2014
Last circulation date: June 19, 2027
Maturity date: June 20, 2027
Circulation term: 13 years (4,680 days)
Coupon rate: 7.47 %
Coupon payment periodicity: once a year
Coupon payment date: June 20 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: September 17, 2014
Term to maturity: 12.8 years (4,593 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 17, 2014
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_156
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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
Volume of active orders*, mln tenge: 12,641.9
including:
– limited: 11,623.6
– market: 1,018.4
Bid to ask, %: 62
"Net" price on orders submitted, % (on all / on active):
– minimum 100.0316
– maximum 100.0316
– weighted average 100.0316
Yield on orders submitted, % p.a. (on all / on active):
– minimum 7.4600
– maximum 7.4600
– weighted average 7.4600
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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: 12,413,900
Volume of accepted orders, tenge: 12,641,924,722.15
Number of orders accepted: 3
Volume of accepted orders, % of plan: 62
"Net" price in orders accepted, %: 100.0316
Yield of bonds to maturity for buyer, % p.a.: 7.4600
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The entire volume of active orders came from bank clients.
According to Central Securities Depository, all deals on placement of MEUKAM-156
of the fifth issue by the end of settlement on trade results were executed. The
entire volume of bonds placed was purchased by a bank client.
Talking into account the previous offering the entire volume of MEUKAM-156 of
the fifth issue (KZKDKY131560) made up 12,413,900 bonds to the face value of
KZT12,413,900,000.00.
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
[2014-09-17]