/KASE, September 26, 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 26, 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-300
National identification number: KZKDKY250022
Issue order number: 2 / 300
KASE trade code: MUM300_0002
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 25,000.000
First circulation date: July 25, 2014
Last circulation date: July 24, 2039
Maturity date: July 25, 2039
Circulation term: 25 years (9,000 days)
Coupon rate: 8.35 % p.a.
Coupon payment periodicity: once a year
Coupon payment date: July 25 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: September 26, 2014
Term to maturity: 24.8 years (8,939 days)
Declared offering 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 26, 2014
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_300
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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: 41,481.1
including:
– limited: 41,481.1
– market: 0
Bid to ask, %: 412
"Net" price on orders submitted, % (on all / on active):
– minimum 93.5775
– maximum 99.4381
– weighted average 99.2674
Yield on orders submitted, % p.a. (on all / on active):
– minimum 8.4000
– maximum 9.0000
– weighted average 8.4167
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* active orders – orders not 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: 40,000,000
Volume of accepted orders, tenge: 40,341,184,444.44
Number of orders accepted: 1
Volume of accepted orders, % of plan: 400
"Net" price in orders accepted, %: 99.4381
Yield of bonds to maturity for buyer, % p.a.: 8.4000
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According to Central Securities Depository, all deals on placement of
MEUKAM-300 of the second issue by the end of settlement on trade results were
executed.
Talking into account the previous offering the entire volume of MEUKAM-300 of
the second issue (KZKDKY250022) made up 65,000,000 bonds to the face value of
KZT65,000,000,000.00.
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
[2014-09-26]