/KASE, May 16, 07/ - Kazakhstan stock exchange (KASE) informs that on
May 16 of 2007 repeated auction on offering of government long-term
treasury instruments of the Ministry of finance of Kazakhstan (MEUKAM)
was held on KASE on the terms given below (Almaty time).
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Parameters of the issue
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Type of security: МЕOКАМ-72
National identification number: KZK2KY060046
Ordinal number of the issue: 4
Trade code of KASE: MOM072.004
Face value, KZT: 1,000.00
Time basis: actual/365
Circulation start date: October 10, 2003
Maturity date: October 7, 2009
Circulation term: 6 years (2.190 days)
Coupon rate 6.39% APR
Periodicity of coupon payment: 2 times a year
Schedule of future coupon payments: 8 October 8, 2007
9 April 7, 2008
10 October 7, 2008
11 April 7, 2009
12 October 7, 2009
Time basis: actual/365
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Offering terms
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Announced offering volume, units: 15.5 m.
Subject of trade: bonds net price
Number of days till maturity: 875
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)
Bids satisfying method:
limited (competitive) at stated price
market (uncompetitive) at weighted average price
Stake of satisfaction of market bids 30
Payment date May 16, 07
Payment time until 15:00 (T+0)
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Parameters of demand:
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Number of participants - primary dealers: 5
Number of submitted bids (total / active): 13 / 10
including:
( limited 13 / 10
( market 13 / 10
Volume of active bids*, KZT, mln.: 4,309.2
including:
( limited 4,064.4
( market 244.8
Demand to offering, %: 28.4
Net price on the submitted limited bids, % (all / active):
minimal: 96.5393 / 96.5405
maximal: 98.6665 / 98.6665
weighted average: 97.4054 / 97.2732
Profitability on the submitted limited bids, % year (all / active):
minimal: 7.0000 / 7.0000
maximal: 8.0000 / 8.0000
weighted average: 7.5887 / 7.6511
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*active bids - bids, not cancelled by trades participants for the moment of
expiry of bids submitting period, including approved by the participants
Systems of confirmation
According to the message of Ministry of finance of Republic of Kazakhstan,
"in connection with price on these bids, made in unsatisfied way " the
repeated auction was recognized aborted.
MEOKAM were issued in compliance with Rules of issue, offering,
servicing and maturity of government treasury obligations of Republic
Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by the
resolution of Kazakhstan Government dated September 8, 2004 #941, and
were offered according to Rules of offering of government treasury
obligations of Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), approved by
decision of Exchange's council of KASE dated December 29, 2004.
[2007-05-16]