/KASE, March 27, 15/ – Kazakhstan Stock Exchange (KASE) announces that a
repeated special trading session for offering government long-term treasury
bonds of Kazakhstan's Ministry of Finance (MEUKAM) was held in KASE trading
system on March 27, 2015. Below are the main parameters of the issue, conditions
and results of the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-240
National identification number: KZKDKY200043
Issue order number: 4 / 240
KASE trade code: MUM240_0004
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 70,000,000
First circulation date: January 29, 2015
Last circulation date: January 28, 2035
Maturity date: January 29, 2035
Circulation term: 20 years (7,200 days)
Coupon rate: 8.07 % APR
Coupon payment periodicity: once a year
Coupon payment date: January 29 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: March 27, 2015
Term to maturity: 19.8 years (7,142 days)
Declared offering volume, pieces: 40,000,000
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: March 27, 2015
Payment time before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_240
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BID PARAMETERS:
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Number of participants: 1
Number of orders submitted (total / active): 1 / 1
including:
– limited: 1
– market: 0
Volume of active orders*, mln tenge: 35,000.0
including:
– limited: 35,000.0
– market: 0
Bid to ask, %: 86
"Net" price on orders submitted, %: 99.9581
Yield on orders submitted, % p.a.: 8.0700
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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: 34,565,080
Volume of accepted orders, tenge: 35,000,000,879.95
Number of orders accepted: 1
Volume of accepted orders, % of plan: 86
"Net" price in orders executed, %: 99.9581
Yield of bonds to maturity for buyer, % p.a.: 8.0700
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According to Central Securities Depository, the deal on placement of MEUKAM-
240 of the fourth issue by the end of settlements on trade results was executed.
Taking into account the previous offering the entire volume of MEUKAM-240 of
the fourth issue (KZKDKY200043) made up 104,565,080 bonds to the face value of
KZT104,565,080,000.00.
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
[2015-03-27]