/KASE, May 17, 07/ - Kazakhstan stock exchange (KASE) notifies that on
May 23 of 2007 the repeated auction for offering of government long-term
savings treasury instruments of the Ministry of finance of Kazakhstan
(MEUKAM) will be held on KASE on the terms given below (Almaty time).
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Type of security: MEUKAM-84
National identification number: KZKDKY070016
Issue ordinal number: 1
Trade code on KASE: MUM084_0001
Volume of bonds in circulation, units: 1,571,428
Face value, KZT: 1,000.00
Circulation start date: March 14, 2007
Last circulation day: March 13, 2014
Maturity date: March 14, 2014
Circulation period: 7 years (2,520 days)
Coupon rate: 6.75% APR
Periodicity of coupon payment: once a year
Schedule of future coupon payment: 1 March 14, 2008
2 March 14, 2009
3 March 14, 2010
4 March 14, 2011
5 March 14, 2012
6 March 14, 2013
7 March 14, 2014
Time basis: 30/360
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Announced offering volume, copies: 15,000,000
Subject of trades net price of bonds
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 announced price
market (uncompetitive) at average weighted price
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The repeated auction will be held by specialized trades method, the order of
which is regulated by KASE's internal document "Regulation about methods
of trades' conduction". It is available at
http://www.kase.kz/geninfo/normbase/methods.pdf
Applications for participation in the specialized trades can 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/
Price of bonds without accumulated interest, expressed in percents from
face value of securities expressed to fourth decimal figure should be
indicated as the subject of price in the bid.
By 15:00 on trades holding day primary dealers must provide presence of
money on the account, which is used for settlements on deals in 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).
MEUKAM are issued in compliance with Rules of issue, offering, servicing
and maturity of government treasury instruments of Kazakhstan (Rules
of issue,
http://www.kase.kz/mix/newgko.pdf) approved by the resolution of
Kazakhstan Government dated September 8 of 2004 #941, and are offered
by Rules of floatation 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 of 2004.
[2007-05-17]