/KASE, May 17, 13/ – Kazakhstan Stock Exchange (KASE) announces that the
repeated special trading session to place government long-term treasury
bonds of Kazakhstan Ministry of Finance (MEUKAM) was held in KASE trading
system on May 17, 2013 on the terms indicated below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-120
National identification number: KZKDKY100052
Issue order number: 5 / 120
KASE trade code: MUM120_0005
Nominal value, tenge: 1,000.00
Number of bonds in circulation, pieces: 20,866,666
Payment date: May 17, 13
First circulation date: August 26, 09
Last circulation date: August 25, 19
Maturity date: August 26, 19
Circulation term: 10 years (3,600 days)
Coupon rate: 6.00 % APR
Coupon payment periodicity: once a year
Coupon payment date: August 26 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, pieces: 15,000,000
Trade subject: bonds "net" price
Market order acceptance 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 time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
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BID PARAMETERS:
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Number of participants – primary dealers: 6
Number of orders submitted (total / active): 13 / 13
including:
– limited: 9
– market: 4
Active orders*, mln tenge: 22,060.8
including:
– limited: 10,126.3
– market: 11,934.5
Bid to ask, %: 142.3
"Net price" on orders submitted, % APR:
– minimum 97.4511
– maximum 100.9936
– weighted average 98.9795
Yield on orders submitted, % APR:
– minimum 5.8000
– maximum 6.5000
– weighted average 6.1941
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* active orders – orders, not annulled by traders at expiry of order submission,
including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 15,000,000
Volume of accepted orders, tenge: 15,647,250,000.00
Number of orders accepted: 10
Volume of accepted orders, % of plan: 100.0
"Net" price in orders accepted, %: 99.9650
Yield to maturity for buyer, % APR: 6.0000
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In the total volume of active orders Kazakhstan second-tier banks (STB)
accounted for 35.1 %, STB clients – 64.9 %.
According to Central Securities Depository, all deals on placement of
MEUKAM-120 of the fifth issue by the end of settlement by trade results
were executed. 15.9 % of the total volume of placed bonds was purchased
by pension market entities, 84.1 % – STB clients.
Taking into account the earlier placement the full volume of MEUKAM-120 of
the fifth issue (KZKDKY100052) made up 35,866,666 bonds to the total face
value of KZT35,866,666,000.00.
MEUKAM placed by Kazakhstan Ministry of Finance shall automatically be
admitted to circulation on the KASE secondary market under the trade code as
in the table. The securities must quote in KASE trading systems at 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 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
[2013-05-17]