On September 26 Ministry of finance of Kazakhstan offered on KASE MEKKAM-3 of the 304 issue (KZK1KM033047) to the sum of KZT10.3 bn., at 7.06% APR

26.09.07 21:03
/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: ----------------------------------------------- ------------------------- 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 ----------------------------------------------- ------------------------- OFFERATION TERMS: ----------------------------------------------- ------------------------- 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) ----------------------------------------------- ------------------------- DEMAND PARAMETERS: ----------------------------------------------- ------------------------- 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 -------------------------------------------------------------------------- * 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: -------------------------------------------------------------------------- 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 -------------------------------------------------------------------------- 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]