/KASE, July 8, 15/ – 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 July 8, 2015. 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-300
National identification number: KZKDKY250030
Issue order number: 3 / 300
KASE trade code: MUM300_0003
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 45,000,000
First circulation date: February 26, 2015
Last circulation date: February 25, 2040
Maturity date: February 26, 2040
Circulation term: 25 years (9,000 days)
Coupon rate: 8.35 % ARP
Coupon payment periodicity: once a year
Coupon payment date: February 26 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Trade date: July 8, 2015
Term to maturity: 24.6 years (8,868 days)
Declared offering volume, pieces: 25,000,000
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: July 8, 2015
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price (rate)
Trading system sector: MEKAM_ST1
Trading system group: MEUKAM_300
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BID PARAMETERS:
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Number of participants: 1
Number of orders submitted (total / active): 1 / 1
including:
– limited: 1
– market: 0
Volume of active orders*, mln tenge: 50,000.0
including:
– limited: 50,000.0
– market: 0
Bid to ask, %: 194
"Net" price on orders submitted, % 100.1287
Yield on orders submitted, % p.a. 8.3500
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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: 48,450,693
Volume of accepted orders, tenge: 50,000,000,810.06
Number of orders accepted: 1
Volume of accepted orders, % of plan: 194
"Net" price in orders accepted, %: 100.1287
Yield of bonds to maturity for buyer, % p.a.: 8.3500
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According to Central Securities Depository, the deal on placement of MEUKAM-
300 of the third issue by the end of settlement on trade results was executed.
Talking into account the previous offering the entire volume of MEUKAM-300 of
the third issue (KZKDKY250030) made up 93,450,693 bonds to the face value of
KZT93,450,693,000.00.
MEUKAM sold by the Ministry of Finance are automatically admitted to
circulation on the KASE secondary market under the trading code indicated in
the Table. 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
[2015-07-08]