/KASE, September 12, 07/ - Kazakhstan stock exchange (KASE) notifies that on
May 12 of 2007 an auction on offering of government short-term treasury
instruments of the Ministry of finance of Kazakhstan (MEKKAM) were held in
exchange's trade system with the following terms (Discount bonds, Almaty time).
PARAMETERS OF ISSUE:
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Type of security: MEKKAM-3
National identification number: KZK1KM033021
Issue's number 302
Trading symbol on KASE: MKM003_0302
Face value, KZT: 100.00
Offering date: September 12, 07
Circulation start date: September 12, 07
Last circulation day: December 11, 07
Maturity date: December 12, 07
Circulation term: 91 days
Time base: actual/actual
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OFFERATION TERMS:
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Announced volume, KZT m.: 15,000.0
Subject of trade: bonds' price
Applications submitting method: closed
Applications acceptance time: 09:00 - 11:00 a.m.
Applications confirmation period: 09:00 - 11:30 a.m. (Т+0)
Cutting off: until 3:00 p.m. (Т+0)
Bids satisfying method:
limited bids (competitive) at declared price
market bids (non- competitive) at weighted average price
Rate of acceptance of market bids, in % 10
Date of payment September 12, 07
Payment time: until 3:00 p.m. (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 3
Number of submitted bids (total / confirmed): 10 / 10
including limited: 10
including market bids: 0
Volume of active bids, KZT m.: 14,620.2
Demand to offer, %: 97.5
Fixed coupon rate on confirmed bids, % APR:
minimum: 96.8607
maximum: 98.2847
weighted average: 97.4681
Yield on submitted limited bids, % APR (al / active)
minimum: 7.00
maximum: 13.00
weighted average: 10.4193
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* active bids are bids that were not annulled by the trade's participants
at the moment of bids submission's expiration including the confirmed ones
at the moment of bids submission's expiration including the confirmed ones
by the participants of Confirmation system OFFERING RESULTS:
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Volume of satisfied bids, bonds 50,000,000
Volume of satisfied bids, KZT 4,914,235,000.00
Volume of satisfied bids, % of plan 32.8
Net price in the satisfied bids, %
minimum (cut-off): 98.2847
maximum: 98.2847
weighted average: 98.2847
Yield to maturity of bonds for buyers, % APR
minimum: 7.00
maximum: 7.00
weighted average: 7.00
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According to Central securities depository JSC (Almaty), all deals on MEKKAM -3
of 302nd issue placement have been executed by the end of settlements.
MEKKAM are being issued in compliance with Rules of the issue, floatation,
servicing and maturity of government treasury obligations of the Republic
of Kazakhstan (Rules of issue,
http://www.kase.kz/mix/newgko.pdf), approved by
the resolution of the Government of Kazakhstan dated September 8, 2004 #941
and are floated according to Rules of floatation of treasury obligations of the
Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), approved by the
Exchange Council of KASE dated December 29, 2004.
MEKKAM that were sold by the Ministry of Finance are automatically accepted for
circulation on the secondary market of KASE under the trading symbol shown in
the table.
[2007-09-12]