/KASE, September 19, 06/ - Kazakhstan stock exchange (KASE) informs
that on September 20 of 2006 repeated auction on offering of government
long-term treasury instruments of the Ministry of finance of Kazakhstan
(MEOKAM) will be held on KASE on the terms given below (Almaty time).
------------------------------------------------------------------
Type of security: МЕOКАМ-48
National identification number: KZK2KY040337
Ordinal number of the issue: 33
Trade code of KASE: MOM048_0033
Face value, KZT: 1,000.00
Volume of bonds in circulation 1 994 608
Circulation start date: March 2 2004
Last circulation day: February 29 2008
Maturity date: March 1 2008
Circulation term: 4 years (1.460 days)
Coupon rate 6.00% APR
Periodicity of coupon payment: 2 times a year
Dates of coupon payments: 6 March 2 2007
7 August 31 2007
8 March 1 2008
Time basis: actual/365
--------------------------------------- -------------------------
Announced offering volume, units: 12,000,000*
Subject of trade: bonds net price
Amount of days till maturity (duration) 528
Stake of market bids satisfaction, %: 30
Applications submitting method: closed
Applications acceptance time: 09:00 - 11:00
Applications confirmation period: 09:00 - 11:30 (Т+0)
Cutting off: until 15:00 (Т+0)
Payment time: until 15:00 (Т+0)
Bids satisfying method:
limited (competitive) at stated price
market (uncompetitive) at weighted average price
------------------------------------------------------------------
* KZT12.0 bn. at face value.
In case of successful offering of announced bonds volume, the number of
bonds of given issue will grow to 13,994,608 copies, that corresponds to
KZT13,994.6 of debt in face value.
The repeated auction will be held by the specialized trades, the order of
which is regulated by the rules of internal KASE document "Regulations on
trade conducting methods", which is available on
http://www.kase.kz/geninfo/normbase/methods.pdf
Bids for participation in the specialized trades may be submitted only by
KASE members of "К" category (right to participate in trades in government
securities circulating on the exchange), which are revised by the rules
mentioned below as primary dealers. Investors can submit applications
through these legal entities. Full list of KASE members of "K" category is
available on the exchange's web-site at
http://www.kase.kz/kasemembers/
The bonds price without accumulated interest, expressed in percentage
from the security face value with the accuracy of four decimal figures price
should be given in the bids as a price.
By 15:00 on trades holding day primary dealers are obliged to transfer
money to the account, which is used for settlements on deals with securities
in compliance with the rules of Central securities depository JSC (Almaty),
in the amount enough for paying for treasury instruments purchased by him
(basing on assumption that all bids submitted by primary dealers and
accepted by KASE are subjected to satisfying).
MEOKAM, offered afterward, are issued in compliance with Rules of issue,
circulation and maturity of government treasury obligations of
Kazakhstan approved by the resolution of Kazakhstan Government dated
June 10 1997, #945 with changes made by the resolution of Kazakhstan
Government dated April 2 2001, #437.
The repeated auction will be held according to the 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 of 2004.
[2006-09-19]