/KASE, April 23, 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
April 23, 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-192
National identification number: KZKDKY160023
Issue order number: 2 / 192
KASE trade code: MUM192_0002
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 14,048,000
First circulation date: April 18, 12
Last circulation date: April 17, 28
Maturity date: April 18, 28
Circulation term: 16 years (5,760 days)
Coupon rate: 5.00 % APR
Coupon payment periodicity: once a year
Coupon payment date: April 18 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: April 23, 2014
Term to maturity: 14.0 years (5,035 days)
Declared offering volume, units: 28,000,000
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: April 23, 2014
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_192
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BID PARAMETERS:
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Number of participants: 3
Number of orders submitted (total / active): 3 / 3
including:
– limited: 3
– market: 0
Volume of active orders*, mln tenge: 3,481.8
Bid to ask, %: 16
"Net" price on orders submitted, % (on all / on active):
– minimum 75.2783
– maximum 79.4415
– weighted average 79.0630
Yield on orders submitted, % (on all / on active):
– minimum 7.4100
– maximum 8.000
– weighted average 7.4619
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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: 4,000,000
Volume of accepted orders, tenge: 3,180,437,777.78
Number of orders accepted: 2
Volume of accepted orders, % of plan: 14
"Net" price in orders accepted, %: 79.4415
Yield of bonds to maturity for buyer, % p.a.: 7.4100
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In the total volume of active orders banks accounted for 9.1 %, bank clients –
for 90.9 %.
According to Central Securities Depository (Almaty), all deals on placement of
MEUKAM-192 of the second issue by the end of settlement on trade results were
executed. The entire volume of bonds placed was bought by bank clients.
Talking into account the previous offering the entire volume of MEUKAM-192 of
the second issue (KZKDKY160023) made up 18,048,000 bonds to the face value of
KZT18,048,000,000.00.
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
[2014-04-23]