/KASE, November 21, 06/ - Kazakhstan stock exchange (KASE) informs
that on November 22 of 2006 the repeated auction on offering of state
intermediate-term treasury bonds of Ministry of finance of Kazakhstan
(MEOKAM) will be held on KASE on the terms given below (Almaty time).
----------------------------------------------------------------------
Type of security: МЕОКАМ-108
National identification number: KZK2KY090019
Ordinal number of the issue: 1
Trade code of KASE: MOM108.001
Face value, KZT: 1,000.00
Volume of bonds in circulation, copies 217,000
Circulation start date: October 15, 2003
Maturity date: October 11, 2012
Circulation term: 9 years (3,285 days)
Coupon rate 6.20% APR
Periodicity of coupon payment: twice a year
Dates of coupon payments: 7 Apr. 13, 2007 / Apr. 13, 2007
8 Oct. 13, 2007 / Oct. 15, 2007
9 Apr. 12, 2008 / Apr. 14, 2008
10 Oct. 12, 2008 / Oct. 13, 2008
11 Apr. 12, 2009 / Apr. 13, 2009
12 Oct. 12, 2009 / Oct. 12, 2009
13 Apr. 12, 2010 / Apr. 12, 2010
14 Oct. 12, 2010 / Oct. 12, 2010
15 Apr. 12, 2011 / Apr. 12, 2011
16 Oct. 12, 2011 / Oct. 12, 2011
17 Apr. 11, 2012 / Apr. 11, 2012
18 actual/365
--------------------------------------- -----------------------------
Declared offering volume, units: 3,663,800*
Subject of trades net price of bonds
Amount of days till maturity (duration) 2,150
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 declared price
market (uncompetitive) at weighted average
price
----------------------------------------------------------------------
* KZT3,663.8 bn. at face value.
In case of successful offering of the announced bonds volume, the number
of bonds of given issue will grow to 3,880,800 copies, that corresponds to
KZT3,880.8 m. 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), 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.
[2006-11-21]