06.06.2016, 06:46
Trading Session for Buyback of NB's Short-Term Notes Declared Failed
A special trading session for buyback of short-term notes of the National Bank of Republic of Kazakhstan (National Bank) was held in KASE trading system today on the terms below (Almaty time).
ISSUE PARAMETERS:
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Security type: discount notes
National identification number: KZW1KD915984
Issue serial number: 1598
KASE trade code: NTK091_1598
Face value, tenge: 100.00
Issue volume, tenge: 206,975,059,500.00
Circulation starts on: May 13, 2016
Maturity date: August 12, 2016
Yield to maturity at offering: 13.99 % APR
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BUYBACK TERMS:
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Trade date: June 3, 2016
Volume of buyback at face value, tenge: 62,092,517,850.00
Lot size, pieces: 1
Order types: limited
Trade subject: discounted price
Order submission method: open
Order receipt time: 11:30–15:00
Order confirmation time: 11:30–15:30 (Т+0)
Striking time: 16:00 (Т+0)
Payment date: June 3, 2016
Payment time: until 16:00 (Т+0)
Order execution method: at cut-off price
Method of executing limited orders: at the price of limited offset
orders equal to the cut-offprice
or those being morefavorable for
the buyer
Order cut-off method: orders are cut-off, whoseprices are
above the cut-offprice
Execution of offset-orders at pro rata to the declared volume
equality of prices:
Trading system sector: MEKAM_ST2
Trading system group: NOTES
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BID PARAMETERS:
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Number of participants: 2
Number of orders submitted (total / active): 3 / 3
including:
– limited: 3
– market: 0
Volume of active orders*, mln tenge: 22,449.7
including:
– limited: 22,449.7
– market: 0
Bid to ask, %: 36.2
Price on orders submitted, % (on all / on active ones):
– minimum 97.5675
– maximum 97.6589
– weighted average 97.6072
Yield on orders submitted, % APR (on all / on active ones):
– minimum 12.4998
– maximum 13.0000
– weighted average 12.7824
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* active orders – orders not annulled by trade participants at expiry of order submission period including those confirmed by Confirmation System participants.
The special trading session was acknowledged and declared failed due to the unfavorable resulting prices on orders submitted.
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