/KASE, March 19, 14/ – Kazakhstan Stock Exchange (KASE) announces that a
repeated special trading session to offer government long-term treasury bonds of
Kazakhstan's Ministry of Finance (MEUKAM) was held in KASE trading system on
March 19, 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-108
National identification number: KZKDKY090055
Issue order number: 5 / 108
KASE trade code: MUM108_0005
Nominal value, tenge: 1,000.00
Number of bonds in circulation, pieces: 16,240,000
First circulation date: October 19, 2010
Last circulation date: October 18, 2019
Maturity date: October 19, 2019
Circulation term: 9 years (3,240 days)
Coupon rate: 5.60 % p.a.
Coupon payment periodicity: once a year
Coupon payment date: October 19 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: March 19, 2014
Term to maturity: 5.6 days (2,010 days)
Declared placement volume, pieces: 20,000,000
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 time: March 19, 2014
Order acceptance method: before 15:00 (Т+0)
Trading system sector: at cut-off price
Trading system group: MEKAM_ST1
Trade date: MEUKAM_108
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BID PARAMETERS:
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Number of participants: 3
Number of orders submitted (total / active): 5 / 4
including:
– limited: 5 / 4
– market: 0
Volume of active orders*, mln tenge: 22,222.2
including:
– limited: 22,222.2
– market: 0.0
Bid to ask, %: 112
"Net" price on orders submitted, % (on all / active):
– minimum 94.9686 / 96.9724
– maximum 97.1984
– weighted average 99.9662 / 96.9754
Yield on orders submitted, % p.a. (on all / active):
– minimum 6.2000
– maximum 6.7000 /6.2500
– weighted average 6.2514 / 6.2493
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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.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 22,376,903
Volume of accepted orders, tenge: 22,221,547,621.44
Number of orders accepted: 4
Volume of accepted orders, % of plan: 112
"Net" price in orders accepted, %: 96.9724
Yield of bonds to maturity for buyer, % p.a.: 6.2500
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In the total volume of active orders 49.5 % came from a pension market entity,
1.3 % – from a bank, 49.2 % – from bank clients.
According to Central Securities Depository (Almaty), all deals on placement of
MEUKAM-108 of the fifth issue by the end of settlement on trade results were
executed.
Taking into account the previous offering the entire volume of MEUKAM-108 of
the fifth issue (KZKDKY090055) made up 38,616,903 bonds to the face value of
KZT38,616,903,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to circulation
on the KASE secondary market under indicated in the Table trading code. 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
[2014-03-19]