OREANDA-NEWS. April 13, 2011. Specialized trades were held in Kazakhstan Stock Exchange (KASE) to offer bonds KZP01Y07D853 (KASE official list Rated Debt Securities category, SKKZb22; KZT1; KZT75.0 bn; September 24, 2010 - September 24, 2017, semi-annual coupon, 30/360) of National Welfare Fund Samruk-Kazyna (Astana), reported the press-centre of KASE.

This issue of the mentioned bonds is the first under the second bond program of Sovereign Wealth Fund "Samruk-Kazyna" registered by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) on September 16, 2010 to the total amount of KZT150 bn under number D85, and it is the 22nd issue of "internal" bonds of  the named issuer which underwent the listing procedure on KASE.

At trades the issuer planned to offer 75.0 bn bonds KZP01Y07D853 (the entire amount of registered bonds of this issue).

The trades' subject was the bonds' coupon rate value, denominated in percentage within the second decimal place, which will also be the yield to maturity for the buyer. Orders for participation in the offering were submitted by the closed method from 11:30 to 17:00, Almaty time (ALT). Limited and market orders were accepted at the trades. Method of acceptance of purchase orders - at the cut-off price (rate). Settlement scheme - Т+1.

30 KASE members took part in the trades submitting 85 orders, including 77 limited and 8 market orders. As at the order submission close, 77 orders for purchase of 128,147,000,000 bonds remained active, including 69 limited orders (for purchase of 120,536,000,000 bonds) and 8 market orders (for purchase of 7,611,000,000 bonds). Thus the ask/bid ratio at the trades made  up 170.9 %. The coupon rate (yield to maturity) in active limited orders varied from 4.50 % APR to 8.00 % APR, making up 5.98 % APR on average.

In the total volume of active orders pensions funds constituted for 52.3 %, Kazakhstan second tier banks (STB) - 36.6 %, brokerage-dealer companies - 2.0 %, their clients - 9.1 %.

By trades results the issuer set the cut-off price at 99.9974 %, which complies with the coupon rate (bonds yield to maturity for a buyer) 5.89 % APR, and satisfied at this price 27 orders, having offered 19,447,000,000 bonds. The amount raised made up KZT19,484,675,321.31.

According to Central Securities Depository (Almaty) data all deals at the moment of this information message publication were satisfied. 20.6 % from the total amount of offered bonds were bought by pension market entities, 32.6 % - STB, 0.7 % - brokerage-dealer companies, 46.1 % - brokerage-dealer companies clients.