KAZAKHSTAN'S MINISTRY OF FINANCE ON SEPTEMBER 18 RAISED KZT300.0 MLN ON KASE AFTER SELLING 86TH ISSUE OF MEOKAM-24 (KZK2KY020867) AT YIELD TO MATURITY OF 8.50 % APR

18.09.17 17:51
/KASE, September 18, 2017/ – A special trading session for offering of government mid-term treasury obligations of Kazakhstan's Ministry of Finance MEOKAM-24 of 86th issue (KZK2KY020867) was held in KASE trading system today. Below are bid parameters and results of the special trading session. ISSUE PARAMETERS: -------------------------------------------------------------------------------- Security type: MEOKAM-24 National identification number: KZK2KY020867 Issue order number: 86 / 24 KASE trade code: MOM024_0086 Nominal value, tenge: 1,000.00 First circulation date: September 18, 2017 Last circulation date: September 17, 2019 Maturity date: September 18, 2019 Circulation term: 2 years (720 days) Coupon payment periodicity: twice a year Coupon payment schedule: 1 March 19, 2018 2 September 18, 2018 3 March 18, 2019 4 September 18, 2019 Time base: 30 / 360 --------------------------------------------------------- ---------------------- BID PARAMETERS: --------------------------------------------------------- ---------------------- Number of participants: 6 Number of orders submitted (total / active): 6 / 6 including: – limit: 6 – market: 0 Volume of active orders*, mln tenge: 14,300.0 including: – limit: 14,300.0 – market: 0 Bid to ask, %: 238.3 Coupon rate on orders submitted, %: – minimum 8.5000 – maximum 9.2000 – weighted average 8.8839 ----------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants. In the total volume of active orders second-tier banks (STB) accounted for 44.1 %, other institutional investors – for 42.0%, other legal entities – for 14.0 %. OFFERING RESULTS: --------------------------------------------------------- ------------------------- Volume of orders executed, bonds: 300,000 Volume of orders executed, tenge: 300,000,000.00 Number of orders executed: 1 Number of participants whose orders were executed: 1 Volume of orders executed, % of plan: 5.0 Coupon rate, % APR: 8.5000 ----------------------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deal on the offering of the 86th issue of MEOKAM-24 (KZK2KY020867) was executed by the end of settlement on trade results. The entire volume was bought by STB. OFFERING TERMS: ------------------------------------ ----------------------- Trade date: September 18, 2017 Declared offering volume, mln tenge: 6,000.0 Trade subject: coupon rate 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: September 18, 2017 before 15:00 (Т+0) Order execution method: at cut-off price (rate) Limit orders execution method: pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEOKAM_024 ------------------------------------------------------------ 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 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 KASE website at http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf [2017-09-18]