/KASE, September 26, 14/ – Kazakhstan Stock Exchange (KASE) announces that a
special trading session to place government long-term treasury bonds of
Kazakhstan's Ministry of Finance (MEUKAM) was held in KASE trading system on
September 26, 2014. Below are main parameters, terms and conditions and results
of the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-360
National identification number: KZKDKY300017
Issue order number: 1 / 360
KASE trade code: MUM360_0001
Nominal value, tenge: 1,000.00
First circulation date: September 26, 2014
Last circulation date: September 25, 2044
Maturity date: September 26, 2044
Circulation term: 30 years (10,800 days)
Coupon payment periodicity: once a year
Coupon payment date: September 26 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: September 26, 2014
Term to maturity: 30 years (10,800 days)
Declared offering volume, pieces: 10,000,000
Trade subject: coupon rate
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 (rate)
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_360
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BID PARAMETERS:
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Number of participants: 3
Number of orders submitted (total / active): 4 / 3
including:
– limited: 4 / 3
– market: 0
Active orders*, mln tenge: 81,100.0
including:
– limited: 81,100.0
– market: 0
Bid to ask, %: 811
Coupon rate on active orders submitted, % APR (total / active):
– minimum 8.6000
– maximum 9.2000
– weighted average 8.6633 / 8.6567
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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: 80,100,000
Number of orders accepted: 2
Volume of accepted orders, % of plan: 801
Coupon rate, % APR: 8.6500
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According to Central Securities Depository (Almaty), all deals on placement of
MEUKAM-360 of the first issue by the end of settlement on trade results were
executed.
MEUKAM sold by Kazakhstan's Ministry of Finance shall automatically be admitted
to circulation on the KASE secondary market under the trade code as in the
table. The securities must quote in KASE trading systems at 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]