/KASE, April 14, 10/ - Kazakhstan Stock Exchange (KASE) informed - a special trade was held to place government short-term treasury bills of the Kazakhstan Finance Ministry (MEKKAM) April 14 on the terms as below (discount bills, Almaty time).

ISSUE PARAMETERS:

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Security type:                       MEKKAM-12
National identification number:      KZK1KY011065
Issue order number:                  106 / 12
KASE trade code:                     MKM012_0106
Nominal value, tenge:                100.00
Payment date:                        14.04.10
First circulation date:              14.04.10
Last circulation date:               13.04.11
Maturity date:                       14.04.11
Circulation term:                    365 days
Time base:                           actual / actual
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PLACEMENT TERMS:
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Declared amount, m tenge:            15,000.0
Trade subject:                       bond 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)
Limit order acceptance method:       at submitted price
Market order acceptance method:      at weighted average
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BID PARAMETERS:
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Traders - primary dealers:           25
Submitted orders (total / active):   52 / 52
including:
- limit:                             33
- market:                            19
Active orders*, m tenge:             66,171.1
Bid to ask ratio, %:                 453.0
Price on submitted orders, %:
- minimum:                           96.1538
- maximum:                           98.0392
- weighted average:                  97.3888
Yield on submitted orders, % APR:
- minimum:                           2.0000
- maximum:                           4.0000
- weighted average:                  2.6812
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*        active orders - orders, not annulled by traders
on expiry of order submission, including those confirmed
on expiry of order submission, including those confirmed
by Confirmation system members. 

PLACEMENT RESULTS*:

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Accepted orders, bonds:              164,400,000
Accepted orders, tenge:              16,117,644,479.10
Accepted orders, % of plan:          109.6
Price in accepted orders, %:         98.0392
Yield to maturity for buyer, % APR:  2.0000
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Pension funds submitted 29.7 % active orders, second-tier banks (STB) - 50.5 %, STB clients - 11.0 %, brokerage and dealer companies - 0.3 %, and their clients - 8.5 %.

According to Central Securities Depository (Almaty) all deals on placement of MEKKAM-12 of 106th issue by the end of settlement were executed. 40.2 % placed bills were redeemed by pension funds, 34.3 % - STB, 16.0 % - STB clients, 9.5 % - clients of brokerage and dealer companies.

MEKKAM sold by the Ministry shall automatically be admitted to circulation on the secondary market under the trade code as in the table.

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 see more

The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more

[2010-04-14]