KAZAKHSTAN'S MINISTRY OF FINANCE ON SEPTEMBER 7 RAISED KZT550.0 MLN ON KASE AFTER SELLING 90TH ISSUE OF MEOKAM-36 (KZK2KY030908) AT YIELD TO MATURITY OF 8.40 % APR
/KASE, September 7, 2017/ – A special trading session for the offering of government mid-term treasury obligations of Kazakhstan's Ministry of Finance MEOKAM-36 of 90th issue (KZK2KY030908) was held in KASE trading system today. Below are bid parameters and results of the special trading session.
ISSUE PARAMETERS:
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Security type: MEOKAM-36
National identification number: KZK2KY030908
Issue order number: 90 / 36
KASE trade code: MOM036_0090
Face value, tenge: 1,000.00
First circulation date: September 7, 2017
Last circulation date: September 6, 2020
Maturity date: September 7, 2020
Circulation term: 3 years (1,080 days)
Coupon payment periodicity: twice a year
1 March 7, 2018
2 September 7, 2018
3 March 7, 2019
4 September 9, 2019
5 March 10, 2020
6 September 7, 2020
Time base: 30 / 360
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BID PARAMETERS:
------------------------------------------------------- ------------------------ Number of participants: 9 Number of orders submitted (all / active): 11 / 11 including: – limit: 10 – market: 1 Volume of active orders*, mln tenge: 29,705.0 including: – limit: 29,655.0 – market: 50.0 Bid to ask, %: 330.1 Coupon rate on orders submitted, %: – minimum 8.4000 – maximum 9.2000 – weighted average 9.0101 -------------------------------------------------------------------------------- * active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
In the total volume of active orders the second-tier banks (STBs) accounted for 52.2 %, other institutional investors – for 30.3 %, other legal entities – for 17.5 %.
OFFERING RESULTS:
------------------------------------------------------- ------------------------ Volume of orders executed, bonds: 550,000 Volume of orders executed, tenge: 550,000,000.00 Number of orders executed: 2 Number of participants whose 2 orders were executed: Volume of orders executed, % of plan: 6.1 Coupon rate, % APR: 8.4000 --------------------------------------------------------------------------------
According to Central Securities Depository (Almaty), all deals on the offering of MEOKAM-36 of issue 90 were executed by the end of settlements by trade results. 90.9 % of the amounts raised were bought by second-tier banks, 9.1 % – by other legal entities.
OFFERING TERMS:
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Trade date: September 7, 2017
Declared placement volume, KZT mln: 9,000.0
Trade subject: coupon rate
Market order acceptance 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: September 7, 2017
before 15:00 (Т+0)
Order execution method: at striking price (rate)
Order execution way: pro rata to amounts
of offset orders
Trading system sector: MEKAM_ST1
Trading system group: MEOKAM_036
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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 see more
The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more
[2017-09-07]