OREANDA-NEWS. 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:              KZW1KD285875                                                                                                
Issue serial number:                         1587                                                                                                        
KASE trade code:                             NTK028_1587                                                                                                 
Face value, tenge:                           100.00                                                                                                      
Issue volume, tenge:                         101,245,317,400.00                                                                                          
Circulation starts on:                       April 29, 2016                                                                                              
Maturity date:                               May 27, 2016                                                                                                
Yield to maturity at offering:               16.23 % APR                                                                                                 
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BUYBACK TERMS:                                                                                                                                           
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Trade date:                                  May 6, 2016                                                                                                 
Volume of buyback at face value, tenge:      30,373,595,220.00                                                                                           
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:                                May 6, 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 offsetorders 
                                             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): 5 / 3                                                                                                       
including:                                                                                                                                               
– limited:                                   5 / 3                                                                                                       
– market:                                    0                                                                                                           
                                                                                                                                                         
Volume of active orders*, mln tenge:         18,847.5                                                                                                    
including:                                                                                                                                               
– limited:                                   18,847.5                                                                                                    
– market:                                    0                                                                                                           
                                                                                                                                                         
Bid to ask, %:                               62.6                                                                                                        
                                                                                                                                                         
Price on orders submitted, % (on all / on active ones):                                                                                                  
– minimum                                    99.1868 / 99.1868                                                                                           
– maximum                                    99.2123 / 99.2010                                                                                           
– weighted average                           99.1968 / 99.1976                                                                                           
                                                                                                                                                         
Yield on orders submitted, % APR (on all / on active ones):                                                                                              
– minimum                                    13.7997 / 13.9992                                                                                           
– maximum                                    14.2501 / 14.2501                                                                                           
– weighted average                           14.0728 / 14.0600                                                                                           
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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 price on the order submitted.
[2016-05-06]