/KASE, 05.07.24/ – As reported earlier, today trading system of Kazakhstan Stock Exchange (KASE) holds specialized trading to place bonds KZ2P00011398 (alternative KASE platform, category “bonds”, MFRFb13) of Microfinance Organization LLP "R-Finance" (Astana). Below are the terms and conditions for the specialized trading (Astana time).

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Type of securities:                           coupon bonds                             
ISIN:                                         KZ2P00011398                             
KASE ticker:                                  MFRFb13                                  
Face value, KZT:                              1,000.00                                 
Volume of issue, KZT:                                                                  
– registered:                                 4,000,000,000                            
– placed:                                     –                                        
First circulation date:                       date of holding the first performed      
                                               trading to place bonds                  
Last circulation date:                        to be determined later                   
Redemption start date:                        to be determined later                   
Maturity:                                     3 years (1,080 days)                     
Coupon rate:                                  22.00 % p.a.                             
Coupon payment frequency:                     monthly                                  
Coupon payment start dates:                   to be determined later                   
Time base:                                    30 / 360                                 
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Trading date:                                 05.07.24                                 
Declared placement volume, KZT:               1,000,000,000                            
Lot size, pcs.:                               1                                        
Trading subject:                              "clean" price                            
Type of buy orders:                           limit                                    
Order submission method:                      closed                                   
Order acceptance time:                        10:00–13:00                              
Order confirmation time:                      10:00–13:00                              
Cutoff time:                                  15:00 (Т+0)                              
Payment date and time:                        05.07.24, 15:00                          
Order cutoff method:                          orders are cut off where their prices    
                                              are equal to or lower than the cutoff   
                                              price                                   
Execution method of limit orders depending on at prices of limit offset orders equal to
 order prices:                                the cutoff price or more favorable for  
                                               seller                                  
Execution method of limit orders depending on at acceptance time of offset orders      
their submission order:                                                               
Trading initiator:                            First Heartland Jusan Invest JSC         
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Price in the order must be set out as a “clean” price of the bonds (ignoring the accumulated interest), expressed as a percentage of the face value of the security, accurate to the fourth decimal.

Number of bonds in pieces must be set out in the order as the number of financial instruments. Quantity of the financial instrument in the order must be equal to or a multiple of the lot size.

Volume of the order must be set out as a product of the number of bonds specified in the order and the “dirty” price of one bond (given the accumulated interest).

Transaction volume is calculated subject to chapter 4 of the Methodology for calculation of bond yields and bond transaction amounts posted at see more

Calculations are carried out by Central Securities Depository JSC in line with its set of rules. Buyer of securities has to ensure that money for payment for the securities it bought is available on its account with Central Securities Depository JSC by the payment time set out in the table.

Only members of the KASE stock market can submit orders for participation in trading. Other investors can apply through these entities. The list of KASE stock market members is available at see more

Regulation on trading methods in trading and clearing systems is posted at see more

Detailed information about the issue of these bonds is available at see more

[2024-07-05]