/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:
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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
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BID PARAMETERS:
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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
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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.
OFFERING RESULTS:
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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
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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:
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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
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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]