/KASE, September 19, 14/ – Kazakhstan Stock Exchange (KASE) announces that a
repeated special trading session to offer government mid-term treasury bonds of
Kazakhstan's Ministry of Finance (MEOKAM) was held in KASE trading system on
September 19, 2014 on the terms below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-60
National identification number: KZK2KY050484
Issue order number: 48 / 60
KASE trade code: MOM060_0048
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 32,590,000
First circulation date: June 27, 2014
Last circulation date: June 26, 2019
Maturity date: June 27, 2019
Circulation term: 5 years (1,800 days)
Coupon rate: 6.20 % APR
Coupon payment date: June 27 and December 27 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: September 19, 2014
Term to redemption: 4.8 years (1,718 days)
Declared placement volume, mln tenge: 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 19, 2014
Payment time: before 15:00 (Т+0)
Order acceptance method: at striking price (rate)
Trading system sector: MEKAM_ST1
Trading system group: MEOKAM_060
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BID PARAMETERS:
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Number of participants: 8
Number of orders submitted (total / active): 9 / 9
including:
– limited: 6
– market: 3
Active orders*, mln tenge: 23,972.5
including:
– limited: 14,686.3
– market: 9,286.2
Bid to ask, %: 119
"Net" price on active orders submitted, % (all / active):
– minimum 98.7735
– maximum 100.3972
– weighted average 102.6247
Yield on active orders submitted, % p.a. (all / active):
– minimum 6.1000
– maximum 6.5000
– weighted average 5.5636
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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: 23,750,000
Volume of accepted orders, tenge: 23,794,109,027.77
Number of orders accepted: 9
Volume of accepted orders, % of plan: 119.0
"Net" price in orders accepted, %: 98.7735
Yield of bonds to maturity for buyer, % p.a.: 6.5000
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In the total volume of active orders 97.7 % came from banks, 2.3 % – from bank
clients.
According to Central Securities Depository JSC (Almaty), all deals on placement
of MEOKAM-60 of issue 48 by the end of settlement on trade results were
executed. 97.7 % of the total volume of bonds placed was bought out by banks,
2.3 % – by bank clients.
Talking into account the previous offering the entire volume of MEUKAM-60 of
issue 48 (KZK2KY050484) made up 56,340,000 bonds to the face value of
KZT56,340,000,000.00.
MEOKAM 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
[2014-09-19]