KAZAKHSTAN'S MINISTRY OF FINANCE ON FEBRUARY 20 RAISED KZT24.1 BN ON KASE BY SELLING 17TH ISSUE OF MEUKAM-84 (KZKDKY070172) AT 9.50 % APR

20.02.17 17:57
/KASE, February 20, 2017/ – A repeated special trading session to offer government long-term treasury obligations of Kazakhstan's Ministry of Finance (MEUKAM), 17th issue (KZKDKY070172) of MEUKAM-84, was held in KASE trading system today. Below are bid parameters and results of the special trading session. ISSUE PARAMETERS: ----------------------------------------------------------------- Security type: MEUKAM-84 National identification number: KZKDKY070172 Issue order number: 17 / 84 KASE trade code: MUM084_0017 Nominal value, tenge: 1,000.00 Bonds in circulation, pcs: 24,000,000 First circulation date: January 30, 2017 Last circulation date: January 29, 2024 Maturity date: January 30, 2024 Circulation term: 7 years (2,520 days) Coupon rate, % per annum 9.5 Coupon payment periodicity: once a year Coupon payment date: January 30 annually Time base: 30 / 360 -------------------------------------------- -------------------- BID PARAMETERS: -------------------------------------------- -------------------- Number of participants: 7 Number of orders submitted (total / active): 10 / 9 including: – limited: 10 / 9 – market: 0 Volume of active orders*, mln tenge: 57,858.6 including: – limited: 57,858.6 – market: 0 Bid to ask, %: 243 Clean price on orders submitted, % (on all / on active): – minimum 97.5560 – maximum 100.1255 – weighted average 98.7623 / 98.7390 Yield on orders submitted, % APR (on all / on active): – minimum 9.4700 – maximum 10.0000 – weighted average 9.7479 / 9.7527 ----------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. OFFERING RESULTS: -------------------------------------------- -------------------- Volume of executed orders, bonds: 24,000,000 Volume of executed orders, tenge: 24,121,314,666.67 Number of executed orders: 8 Volume of executed orders, % of plan: 100 Clean price on executed orders, %: 99.9777 YTM for the buyer, % per annum: 9.5000 ----------------------------------------------------------------- According to Central Securities Depository JSC (Almaty), all deals to offer the 17th issue (KZKDKY070172) of MEUKAM-84 by the end of settlement on trade results were executed. OFFERING TERMS: --------------------------------- ------------------------------------ Trade date: February 20, 2017 Term to maturity: 6.9 years (2,500 days) Declared offering volume, pieces: 24,000,000 Trade subject: "clean" price Market order execution 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 and time: February 20, 2017 before 15:00 (Т+0) Order execution method: at cut-off price Trading system sector: MEKAM_ST1 Trading system group: MEUKAM_084 ---------------------------------------------------------------------- Given the previous offering the entire volume of the 17th issue (KZKDKY070172) of MEUKAM-84 made up 48,000,000 bonds to the face value of KZT48,000,000,000.00. 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 in Russian 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 [2017-02-20]