/KASE, May 24, 06/ - Kazakhstan stock exchange (KASE) notifies that on May
24 of 2006 next auction on offering of government mid-term savings treasury
instruments of the Ministry of finance of Kazakhstan (MEOKAM) were held in
exchange's trade system on terms and results of offering (Almaty time),
presented below.
PARAMETERS OF ISSUE:
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Type of security: MEOKAM-48
National identification number: KZK2KY040329
Ordinal number of issue 32
Symbol on KASE: MOM048_0032
Face value, KZT: 1,000.00
Volume of bonds in circulation, copies 1,954,899
Circulation start date: February 10, 2004
Last circulation day: February 8, 2008
Maturity date: February 9, 2008
Circulation term: 4 years (1,460 days)
Coupon rate: 6.00% APR
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: 5 August 10, 2006
6 February 9, 2007
7 August 10, 2007
8 February 9, 2008
Time base: actual/365
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OFFERING TERMS:
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Announced offering volume, securities: 10,000,000*
Subject of trade: Net bonds price
Bids submitting method: closed
Bids submission time 09:00 - 11:00
Bids confirmation period: 09:00 - 11:30 (Т+0)
Cutting off: until 15:00 (Т+0)
Bids satisfying method:
limited (competitive) at stated price
market (uncompetitive) at weighted average
price
Stake of market bids satisfaction, %: 30
Payment date: April 19, 2006
Payment time until 15:00 (Т+0)
Accumulated interest on date of settlement, %: 1.7096
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*KZT10.0 bn. at face value DEMAND PARAMETERS:
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Number of participants - primary dealers: 16
Number of submitted bids (total / active): 51 / 44
including:
- limited 41 / 36
- market bids 10 / 8
Volume of active bids*, securities: 31,133,043
including:
- limited 24,023,043
- market bids 7,110,000
Demand to offer, %: 311.3
including:
- limited to limit, % 343.2
- market to limit, % 237.0
Net price on given limited bids, % (all / active):
minimum: 96.0723 / 96.0723
maximum: 104.9391 / 104.9391
weighted average: 103.1356 / 103.0382
Yield on given limited bids, % (all / active):
minimum: 3.04 / 3.04
maximum: 8.68 / 8.68
weighted average: 4.1238 / 4.1830
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* active bids are bids not annulled by trades participants by the bids
submission period expiration including confirmed by confirmation system
participants OFFERING RESULTS:
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Volume of satisfied bids, securities: 10,000,000
Volume of satisfied bids, KZT 10,577,160,056.63
Net price in satisfied bids, %:
minimal (cut-off): 103.6972
maximal: 104.9391
weighted average: 104.0620
Bonds yield to maturity for buyer, % APR:
minimal: 3.02
maximal: 3.75
weighted average: 3.5343
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In total volume of active bids the stake of pension market subjects totaled
49.50%, stake of Kazakhstan banks - 47.47%, their clients - 3.03%.
According to results of the trades 65.34% of bonds were purchased by pension
market subjects for pension assets, 25.53% - by Kazakhstan banks and 9.43% -
by their clients.
According to Central securities depositary JSC (Almaty), all deals on
KZK2KY040329 issue MEOKAM-48 offering by the end of settlements have been
executed.
Taking into account this bonds offering, which was held on KASE on May 24 of
2006, the whole volume of KZK2KY040329 issue МЕОКАМ-48 totaled
11,954,899 bonds for total face value KZT11,954,899,000.00.
The next auction was held by specified trades method.
MEOKAM were issued in compliance with Rules of issue, offering, servicing and
maturity of government treasury obligations of the Republic of Kazakhstan
(Rules of issue, (
http://www.kase.kz/mix/newgko.pdf), approved by the Resolution
of the Government of Kazakhstan dated September 8, 2004 #941, and are offered in
accordance with Rules of offering of government treasury obligations of the
Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by the
decision of KASE's Council on December 29, 2004.
MEOKAM-48 of KZK2KY040329 issue are circulating on KASE's secondary
market under the trade number, given in the table. Bonds are quoted in trade
system of KASE in net prices.
[2006-05-24]