/KASE, January 22, 13/ - Kazakhstan Stock Exchange (KASE) announces that a
repeated special trading session to place government long-term treasury bonds
of Kazakhstan's Ministry of Finance (MEUKAM) was held in KASE trading
system on January 22, 2013 on the terms indicated below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-120
National identification number: KZKDKY100086
Issue order number: 8 / 120
KASE trade code: MUM120_0008
Nominal value, tenge: 1,000.00
Number of bonds in circulation, pieces: 18,000,000
Payment date: December 22, 12
First circulation date: September 15, 10
Last circulation date: September 14, 20
Maturity date: September 15, 20
Circulation term: 10 years (3,600 days)
Coupon rate: 5.80 % APR
Coupon payment periodicity: once a year
Coupon payment date: September 15, annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, units: 10,000,000
Trade subject: bonds' "net" price
Market order acceptance ratio, %: 70
Order submission method: closed
Order receipt time: 09:00-11:00
Order confirmation time: 09:00-11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Order acceptance method: at cut-off price
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BID PARAMETERS:
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Number of participants - primary dealers: 9
Number of orders submitted (total / active): 18
including:
- limited: 15
- market: 3
Active orders*, mln tenge: 31,229.7
including:
- limited: 25,226.3
- market: 6,003.4
Bid to ask, %: 319.4
"Net price" on orders submitted, % APR:
- minimum 93.0308
- maximum 98.7630
- weighted average 95.7301
Yield on orders submitted, % APR:
- minimum 6.0000
- maximum 7.0000
- weighted average 6.5196
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* active orders - orders, not annulled by traders at expiry of order submission,
including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 3,333,333
Volume of accepted orders, tenge: 3,360,303,367.68
Number of orders accepted: 5
Volume of accepted orders, % of plan: 33.3
"Net" price in orders accepted, %: 98.7630
Yield to maturity for buyer, % APR: 6.0000
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In the total volume of active orders pension market entities accounted for 26.6 %,
Kazakhstan second-tier banks (STB) - for 33.8 %, STB clients - 39.6 %.
According to Central Securities Depository, all deals on placement of MEUKAM-120
of the eighth issue by the end of settlement by trade results were executed.
15.0 % of the total volume of bonds sold were purchased by pension market
entities, 15.0 % - by STB, 70.0 % - by STB clients.
Taking into account the earlier placement the full volume of MEUKAM-120 of the
eighth issue (KZKDKY100086) made up 21,333,333 bonds to the total face value of
KZT21,333,333,000.00.
MEUKAM sold by Kazakhstan Ministry of Finance shall automatically be admitted
to circulation on the KASE secondary market under the trade code as in the table.
The securities must quote in KASE trading systems at net prices.
The text of the Rules on issue, placement, circulation, service and maturity of
government treasury obligations of the Republic of Kazakhstan is available on the
KASE website at
http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules on placement of government treasury obligations of the
Republic of Kazakhstan is available on the KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2013-01-22]