Alliance Bank Sold 1,142,857 MEUKAM-72 of 6th Issue at KASE
OREANDA-NEWS. April 12, 2012. In Kazakhstan Stock Exchange (KASE) trading system have been held specialized trades to sell MEUKAM-72 of the sixth issue (KZKDKY060066, KASE official list Government Securities sector, MUM072_0006; KZT1,000, KZT20.2 bn; October 15, 10 - October 15, 16, annual coupon 5.40 % APR; 30/360) of the Ministry of Finance of the Republic of Kazakhstan, reported the press-centre of KASE.
On specialized trades Alliance Bank (Almaty) acted as the seller.
The announced volume of sale made up 3,435,170 bonds.
The trades subject was the "net" price of bonds (without an interest accrued), expressed in percentage from the security face value accurate within the fourth decimal. The orders to participate in offering have been submitted by the closed method from 11:30 a.m. to 03:00 p.m. Almaty time (ALT). Only limited and market orders have been accepted to trades. The purchasing orders satisfaction method - at a cut-off price. The settlements scheme - Т+0.
Seven KASE members participated in trades, who submitted eleven purchasing orders to buy 6,594,500 bonds, all orders remained active till the orders submission time closing. Thus, the bid made up 192.0 % from the ask. The "net" prices in submitted orders varied from 90.3810 % (8.0 % APR) to 105.6685 % (4.0 % APR) - weighted average made up 101.5593 % (5.0 % APR to maturity for a buyer).
In the total volume of active orders Kazakhstan banks constituted 24.9 %, banks clients - 59.0 %, brokerage and dealer companies - 1.8 %, pension market entities - 14.3 %.
According to Central Securities Depository (Almaty) data by the end of settlements all deals on offering MEUKAM-72 of the sixth issue have been executed. 30.0 % from the total volume of offered bonds have been bought by the banks clients, 70.0 % - by the pension market entities.
According to the trades results the buyer set the cut-off price at 105.6685 %, which complies with bonds yield to maturity for a buyer in the size of 4.00 % APR, and satisfied three orders at this price, having offered 1,142,857 bonds. The amount raised made up KZT1,236,611,274.00.
According to Central Securities Depository (Almaty) data all deals at this information release have been executed.
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