/KASE, September 26, 07/ - Kazakhstan stock exchange (KASE) notifies that on
September 26 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: KZK1KM033047
Issue's number 304
Trading symbol on KASE: MKM003_0304
Face value, KZT: 100.00
Offering date: September 26, 07
Circulation start date: September 26, 07
Last circulation day: December 25, 07
Maturity date: December 26, 07
Circulation term: 91 days
Time base: actual/actual
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OFFERATION TERMS:
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Announced volume, KZT m.: 10,000.0
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 % 70
Date of payment September 26, 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: 5
Number of submitted bids (total / confirmed): 28 / 23
including limited: 28 / 23
including market bids: 0
Volume of active bids, KZT m.: 21,726.2
Demand to offer, %: 217.3
Fixed coupon rate on submitted limited bids, % APR(all / active):
minimum: 95.9340 / 96.0488
maximum: 98.2900 / 98.2800
weighted average: 98.0573 / 98.1178
Yield on submitted limited bids, % APR (all / active)
minimum: 6.98 / 7.02
maximum: 17.00 / 16.50
weighted average: 7.9599 / 7.6994
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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
by the participants of Confirmation system OFFERING RESULTS:
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Volume of satisfied bids, bonds 105,000,000
Volume of satisfied bids, KZT 10,319,200,000.00
Volume of satisfied bids, % of plan 103.2
Net price in the satisfied bids, %
minimum (cut-off): 98.2700
maximum: 98.2800
weighted average: 98.2781
Yield to maturity of bonds for buyers, % APR
minimum: 7.0196
maximum: 7.0612
weighted average: 7.0275
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From the total volume of active bids, the stake of subjects of pension market
made 25.5%, the share of second tier banks (STB) made 45.2%, and the one of
STB's clients - 29.3%.
According to Central securities depository JSC (Almaty), all deals on MEKKAM -3
of 304th issue placement have been executed by the end of settlements. 38.1%
of the all volume of offered bonds was purchased at the expense of assets of a
pension fund and clients of STB bought 61.9%.
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.
[2007-09-26]