/KASE, February 5, 13/ – Kazakhstan Stock Exchange (KASE) announces that
the repeated special trading session to offer government long-term treasury
bonds of Kazakhstan Ministry of Finance (MEUKAM) was held in KASE trading
system on February 5, 2014. Below are the main parameters of the issue,
terms and results of the offering (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM -96
National identification number: KZKDKY080106
Issue order number: 10 / 96
KASE trade code: MUM096_0010
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, units: 23,813,766
First circulation date: May 21, 13
Last circulation date: May 20, 21
Maturity date: May 21, 21
Circulation term: 8 years (2,880 days)
Coupon rate: 6.10 % APR
Coupon payment periodicity: once a year
Coupon payment date: May 21, annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: February 5, 14
Term to redemption: 7.3 years (2,626 days)
Declared placement volume, pieces: 15,000,000
Trade subject: "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 date: February 5, 14
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_096
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BID PARAMETERS:
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Number of participants: 5
Number of orders submitted (total / active): 10 / 7
including:
– limited: 10 / 7
– market: 0
Active orders*, mln tenge: 17 183,4
Bid to ask, %: 113
"Net" price on orders submitted, % (all / active):
– minimum 92.3017
– maximum 98.8196
– weighted average 95.0040 / 96.7750
Yield on orders submitted, % p.a. (all / active):
– minimum 6.3000
– maximum 7.5000
– weighted average 6.9897 / 6.6653
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* active orders – orders no annulled by trade participants at
expiry of order submission period including those
confirmed by Confirmation System participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 6,000,000
Volume of accepted orders, tenge: 6,187,409,333.34
Number of orders accepted: 2
Volume of accepted orders, % of plan: 40
"Net" price in orders accepted, %: 98.8196
Yield of bonds to maturity for buyer, % p.a.: 6.3000
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In the total volume of active orders 41.2 % fall on Kazakhstan second-tier
banks (STB), STB clients – 58.8 %.
According to Central Securities Depository, all deals on placement of
MEUKAM-96 of the tenth issue by the end of settlements on trade results were
executed. The entire volume of bonds placed were purchased by bank clients.
Talking into account the previous offering the entire volume of MEUKAM-96 of
the tenth issue (KZKDKY080106) made up 29,813,766 bonds to the face value
of KZT29,813,766,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to
circulation on the KASE secondary market under indicated in the Table trading
c
ode. 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 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
[2014-02-05]