/KASE, July 17, 2017/ – A repeated special trading session to offer government
mid-term treasury obligations of Kazakhstan's Ministry of Finance 50th
issue of MEOKAM-48 (KZK2KY040501) 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: MEOKAM-48
National identification number: KZK2KY040501
Issue order number: 50 / 48
KASE trade code: MOM048_0050
Nominal value, tenge: 1,000.00
Volume of outstanding bonds, pcs.: 101 481 400
First circulation date: April 3, 2017
Last circulation date: April 2, 2021
Maturity date: April 3, 2021
Circulation term: 4 years (1,440 days)
Coupon rate: 9.60 % per annum
Coupon payment periodicity: twice a year
Coupon payment schedule: 1 October 3, 2017
2 April 3, 2018
3 October 3, 2018
4 April 3, 2019
5 October 3, 2019
6 April 3, 2020
7 October 5, 2020
8 April 3, 2021
Time base: 30 / 360
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BID PARAMETERS:
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Number of participants: 8
Number of orders submitted (total / active): 25 / 24
including:
– limit: 25 / 24
– market: 0
Volume of active orders*, mln tenge: 34,577.4
including:
– limit: 34,577.4
– market: 0
Bid to ask, %: 362.0
Clean price on orders submitted, % of face value (on all / on active):
– minimum 100.2790
– maximum 101.8322
– weighted average 101.1022 / 101.1340
Yield on orders submitted, % APR (on all / on active):
– minimum 9.0000
– maximum 9.5002
– weighted average 9.2337 / 9.2235
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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 orders executed, bonds: 12,536,204
Volume of orders executed, tenge: 13,074,337,271.64
Number of orders executed: 5
Volume of orders executed, % of plan: 139.3
"Clean" price in orders executed, %: 101.5193
Bond's yield to maturity for buyer, % APR: 9.1000
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In the total volume of active orders the second-tier banks (STBs) accounted for
47.7 %, broker-dealer firms – for 0.9 %, other institutional investors – for
51.4 %, clients of broker-dealer firms, individuals – for 0.2 %.
According to Central Securities Depository (Almaty), all deals on this offering
were executed by the end of settlements by trade results. The entire volume was
comprised of institutional investors not being STBs or broker-dealer firms.
OFFERING TERMS:
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Trade date: July 17, 2017
Term to maturity: 3.71 years (1,398 days)
Declared placement volume, mln tenge: 9,000.0
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order acceptance 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: July 17, 2017 before 15:00 (Т+0)
Order execution method: at cut-off price
Order execution way: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEOKAM_048
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Taking into account the earlier offering, the total volume of 50th issue of
MEOKAM-48 (KZK2KY040501) made up 114,017,604 bonds with a total face
value of KZT114,017,604,000.00.
MEOKAM sold by the Ministry of Finance are automatically admitted to
circulation on KASE secondary market under the trading code indicated in the
table. At the same time bonds must be quoted in clean prices in KASE trading
system.
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
[2017-07-17]