/KASE, January 29, 16/ – Kazakhstan Stock Exchange (KASE) announces that a
special trading session to offer government long-term savings treasury bonds
of Kazakhstan's Ministry of Finance (MEUJKAM) was held on January 29, 2016 in
KASE trading system on the terms below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-084
National identification number: KZKAKY070027
Issue order number: 2 / 084
KASE trade code: MUJ084_0002
Nominal value, tenge: 1,000.00
First circulation date: January 29, 2016
Last circulation date: January 28, 2023
Maturity date: January 29, 2023
Circulation term: 7 years (2,520 days)
Coupon payment periodicity: once a year*
Coupon payment schedule: 1 February 7, 2017
2 February 7, 2018
3 February 7, 2019
4 February 7, 2020
5 February 5, 2021
6 February 7, 2022
7 February 7, 2023
Time base: 30 / 360
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* on the fifth working day of the month after each 12 full calendar
months of circulation.
PLACEMENT TERMS:
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Trade date: January 29, 2016
Term to maturity: 7 years (2,520 days)
Declared placement volume, mln tenge: 180,000
Trade subject: fixed coupon
Specific terms on trades subject: must not be lower than
or equal to zero
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: January 29, 2016
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price (rate)
Trading system sector: MEKAM_ST_PF1
Trading system group: MEUJKAM_084
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BID PARAMETERS:
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Number of participants: 1
Number of orders submitted (total / active): 2 / 2
including:
– limited: 2
– market: 0
Active orders*, mln tenge: 180,000.0
including:
– limited: 180,000.0
– market: 0
Bid to ask, %: 100
Fixed coupon rate on confirmed orders, % p.a.: 0.1000
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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 executed orders, bonds: 180,000,000
Number of executed orders: 2
Volume of executed orders, % of plan: 100
Cut-off rate (fixed coupon rate), % p.a.: 0.10
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According to Central Securities Depository JSC (Almaty), all deals on placement
of MEUJKAM-084 of the second issue by the end of settlement on trade results
were executed.
Money, contributed into MEUJKAM are indexed through accrual of the indexed
coupon, received from the fixed coupon summation, determined at offering, and
the inflation index for the elapsed coupon period.
The current inflation rate for the last full 12 months (from January 1, 2015 to
January 1, 2016), based on the consumer prices' monthly indices published by
the Committee on Statistics of the Ministry of national economy of the Republic
of Kazakhstan made up 113.527. This means that the forecasted yield to maturity
of placed bonds at present is estimated at 13.627 % APR given the received
coupon rate interpolation for securities' entire circulation period.
MEUJKAM are government bonds, offered among accumulative pension funds of
the Republic of Kazakhstan. During the half circulation period, MEUJKAM can
circulate only among investors of this category. Then bonds free circulate on
the market.
Placed MEUJKAM 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 "dirty" 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
[2016-01-29]