KAZAKHSTAN'S MINISTRY OF FINANCE ON OCTOBER 2 RAISED KZT3.0 BN ON KASE AFTER SELLING 86TH ISSUE OF MEOKAM-24 (KZK2KY020867) AT YIELD TO MATURITY OF 8.50 % APR

02.10.17 18:00
/KASE, October 2, 2017/ – A repeated special trading session for the offering of government mid-term treasury bonds of Kazakhstan's Ministry of Finance MEOKAM-24 of issue 86 (KZK2KY020867) was held in KASE trading system today. Below are bid parameters and results of the special trading session. ISSUE PARAMETERS: ---------------------------------------------------------------------- Security type: MEOKAM-24 National identification number: KZK2KY020867 Issue order number: 86 / 24 KASE trade code: MOM024_0086 Nominal value, tenge: 1,000.00 Number of bonds in circulation, pcs.: 300,000 First circulation date: September 18, 2017 Last circulation date: September 17, 2019 Maturity date: September 18, 2019 Circulation term: 2 years (720 days) Coupon rate: 8.50 % APR Coupon payment periodicity: twice a year Coupon payment schedule: 1 March 19, 2018 2 September 18, 2018 3 March 18, 2019 4 September 18, 2019 Time base: 30 / 360 -------------------------------------------------- ------------------- BID PARAMETERS: -------------------------------------------------- ------------------- Number of participants: 2 Number of orders submitted (total / active): 4 / 4 including: – limit: 4 – market: 0 Volume of active orders*, mln tenge: 7,268.5 including: – limit: 7,268.5 – market: 0 Bid to ask, %: 241.7 "Clean" price on orders submitted, % of face value (total / active): – minimum 99.1124 – maximum 99.9937 – weighted average 99.9242 Yield on orders submitted, % APR (total / active): – minimum 8.5000 – maximum 9.0000 – weighted average 8.5392 ---------------------------------------------------------------------- * 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 second-tier banks (STB) accounted for 100 %. OFFERING RESULTS: -------------------------------------------------- ------------------- Volume of orders executed, bonds: 3,000,000 Volume of orders executed, tenge: 3,009,727,666.67 Number of orders executed: 1 Number of participants whose orders were executed: 1 Volume of orders executed, % of plan: 100.0 "Clean" price in orders executed, %: 99.9937 Bonds' yield to maturity for buyer, % APR: 8.5000 ---------------------------------------------------------------------- According to Central Securities Depository (Almaty), the deal on the offering of the 86th issue of MEOKAM-24 (KZK2KY020867) by the end of settlement on trade results was executed. OFFERING TERMS: ------------------------------------ --------------------- Trade date: October 2, 2017 Current maturity: 1.96 years (706 days) Declared offering volume, mln tenge: 3,000.0 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: October 2, 2017 before 15:00 (Т+0) Execution method: at cut-off price Limit orders execution method: pro rata to amounts of offset orders Trading system sector: MEKAM_ST1 Trading system group: MEOKAM_024 ---------------------------------------------------------- Taking into account the earlier offering, the total volume of the 86th issue of MEOKAM-24 (KZK2KY020867) made up 3,300,000 bonds with a total face value of KZT3,300,000,000.00. 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 [2017-10-02]