October 18 special trading session for offering on KASE of 90th issue of MEOKAM-36 (KZK2KY030908) of Kazakhstan's Ministry of Finance declared failed

18.10.17 17:57
/KASE, October 18, 2017/ – A repeated special trading session for offering of government mid-term treasury bonds of Kazakhstan's Ministry of Finance (MEOKAM) was held in KASE trading system today on the terms below (Almaty time). BID PARAMETERS: ------------------------------------------------------------------------------- Number of participants: 4 Number of orders submitted (all / active): 4 / 4 Volume of active orders*, mln tenge: 13,305.9 Bid to ask, %: 148.4 "Clean" price on orders submitted, % of face value (on all / on active): – minimum 98.4880 – maximum 98.7355 – weighted average 98.6984 Yield on orders submitted, % APR (on all / on active): – minimum 8.9000 – maximum 9.0000 – weighted average 8.9149 ------------------------------------------------- ----------------------------- * 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 accounted for 15.0 %, other institutional investors – for 70.0 %, other legal entities – for 15.0 %. Kazakhstan's Ministry of Finance announced this special trading session failed due to the unfavorable price fixed on orders submitted. OFFERING TERMS: ------------------------------------------------- ----------------------------- Trade date: October 18, 2017 Term to maturity: 2.9 years (1,039 days) Declared offering volume, mln tenge: 9,000.0 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: October 18, 2017 15:00 (Т+0) Execution method: at striking price Limit orders execution way: pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEOKAM_036 ------------------------------------------------------------------------------- [2017-10-18]