/KASE, February 13, 2017/ – A repeated special trading session to offer government
mid-term treasury obligations of Kazakhstan's Ministry of Finance (MEOKAM)
MEOKAM-60 of the 50th issue (KZK2KY050500) was held in KASE trading system today.
Below are bid parameters and results of the special trading session.
ISSUE PARAMETERS:
-----------------------------------------------------------------
Security type: MEOKAM-60
National identification number: KZK2KY050500
Issue order number: 50 / 60
KASE trade code: MOM060_0050
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 24,200,000
First circulation date: January 23, 2017
Last circulation date: January 22, 2022
Maturity date: January 23, 2022
Circulation term: 5 years (1,800 days)
Coupon rate: 9.7 % APR
Coupon payment periodicity: twice a year
Coupon payment schedule: 1 July 24, 2017
2 January 23, 2018
3 July 23, 2018
4 January 23, 2019
5 July 23, 2019
6 January 23, 2020
7 July 23, 2020
8 January 25, 2021
9 July 23, 2021
10 January 23, 2022
Time base: 30 / 360
-------------------------------------------- --------------------
BID PARAMETERS:
-------------------------------------------- --------------------
Number of participants: 7
Number of orders submitted (total / active): 12 / 9
including:
– limited: 12 / 9
– market: 0
Volume of active orders*, mln tenge: 55,141.2
including:
– limited: 55,141.2
– market: 0
Bid to ask, %: 230
"Clean" price on orders submitted, % (on all / on active):
– minimum 98.8401
– maximum 100.1818 / 100.0659
– weighted average 99.4747 / 99.3641
Yield on orders submitted, % APR (on all / on active):
– minimum 9.6500 / 9.6800
– maximum 10.0000
– weighted average 9.8334 / 9.8623
-----------------------------------------------------------------
* active orders – orders not annulled by trade participants at
expiry of order submission period including those
confirmed by Confirmation System participants.
OFFERING RESULTS:
-------------------------------------------- --------------------
Volume of orders executed, bonds: 24,000,000
Volume of orders executed, tenge: 24,126,621,333.34
Number of orders executed: 7
Volume of orders executed, % of plan: 100
"Clean" price in orders executed, % 99.9887
Yield of bonds to maturity for buyer, % APR: 9.7000
-----------------------------------------------------------------
According to Central Securities Depository JSC (Almaty), all deals on the
offering of MEOKAM-60 of the 50th issue by the end of settlement on trade
results were executed.
OFFERING TERMS:
-------------------------------- ------------------------------------
Trade date: February 13, 2017
Term to maturity: 4.9 years (1,780 days)
Declared offering volume, pcs: 24,000,000
Trade subject: "clean" price
Market order execution ratio, %: 70
Order submission method: closed
Order acceptance time: 09:00–11:00
Order confirmation time: 09:00–11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment date and time: February 13, 2017 before 15:00 (Т+0)
Order acceptance method: at cut-off price
Trading system sector: MEKAM_ST1
Trading system group: MEOKAM_060
---------------------------------------------------------------------
Taking into account the earlier offering, the full volume of MEOKAM-60 of issue
50 (KZK2KY050500) made up 48,200,000 bonds at the face value of KZT48,200,000,000.00.
MEOKAM sold by the Ministry of Finance are automatically admitted to circulation
on KASE secondary market under the trading code indicated in the table. At the
same time bonds must be quoted in clean prices in KASE trading system.
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
[2017-02-13]