/KASE, February 14, 06/ - Kazakhstan stock exchange (KASE) notifies that
on February 14 of 2007 the specialized trades for offering of government
mid-term treasury instruments of the Ministry of finance of Kazakhstan
(MEOKAM) were held in KASE's trading system. Below are main
parameters of the issue, terms and results of offering (Almaty time):
ISSUE PARAMETERS:
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Type of security: МЕОКАМ-48
National identification number: KZK2KY040352
Ordinal number of the issue: 35
KASE trade code: MOM048_0035
Face value, KZT: 1,000.00
Times basis: 30/360
Offering date: Feb 14, 2007
Circulation start day: Feb 14, 2007
Last circulation day: Feb 13, 2011
Maturity date: Feb 14, 2011
Circulation term: 4 years (1,460 days)
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: February 14 and August 14
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OFFERING TERMS:
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Announced volume, KZT m: 16,500.0
Offering price, KZT per bond: 1,000.00
Trades object: coupon rate
Bids submission method: closed
Time of bids submission: 09:00 - 11:00
Time of bids confirmation: 09:00 - 11:30 (Т+0)
Time of cut-off: till 15:00 (Т+0)
Bids satisfaction method: at cut-off price
Stake of market bids satisfaction, %: 10
Payment date: Feb 14, 07
Payment time: till 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 15
Number of bids submitted (total / active): 67 / 60
including limited: 63 / 57
including market: 4 / 3
Volume of active bids*, KZT m.: 55,000.0
including limited: 50,950.0
including market: 4,050.0
Bid to offer, %: 333.3
Coupon rate on submitted bids, % APR (total / active):
minimum: 6.10 / 6.25
maximum: 95.00 / 8.50
weighted average: 7.5751 / 7.5981
* active bids- bids not annulled by trades participants by the moment of bids
submitting period expiration, including
those, confirmed by Confirmation system participants OFFERING RESULTS
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Volume of satisfied bids, KZT: 277,777,000.00
Volume of satisfied bids, bonds: 277,777
Volume of satisfied bids, % of the plan 1.68
Coupon rate, % APR: 6.25
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In total volume of active bids the stake of pension market subjects totaled
14.3%, stake of Kazakhstan banks - 84.4%, their clients - 0.6%, clients of
broker-dealer companies - 0.9%.
According to results of specialized trades 100% of bonds have been
purchased by Kazakhstan banks.
According to data of Central securities depositary JSC (Almaty) all deals on
offering of МЕОКАМ-48 of the 36th issue by the moment of calculations
completion by the results of trades have been executed. Actual volume of
the issue was 277,777 bonds.
MEOKAM have been issued in compliance with Rules of issue, offering,
servicing and maturity of government treasury instruments of
Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by the
Resolution of Kazakhstan's Government dated September 8, 2004 #941,
and were offered in compliance with the Rules of offering of government
treasury instruments of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by
the decision of KASE's Council on December 29, 2004.
MEOKAM sold by Finance ministry are automatically admitted to circulation
at KASE's secondary market under trade code given in the table. At that
bonds should be quoted in KASE's trade system in clean prices.
[2007-02-14]