/KASE, September 28, 07/ - Kazakhstan stock exchange (KASE) notifies
that on September 28, 2007 the repeated auction for offering of government
short-term treasury instruments of Ministry of finance of Kazakhstan
(MEKKAM) were held in KASE's trade system. Below are main parameters
of the issue, terms and results of offering (discount bonds, Almaty time):
ISSUE PARAMETERS:
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Type of security: МЕKКАМ-3
National identification number: KZK1KM033047
Ordinal number of the issue: 304
KASE trade code: MKM003_0304
Face value, KZT: 100.00
Floation date September 26, 2007
Circulation start day: September 26, 2007
Last circulation day: December 14, 2007
Maturity date: December 26, 2007
Circulation term: 91 days
Times basis: actual/actual
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OFFERING TERMS:
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Announced volume, KZT m: 10,000.0
Subject of trades: bond price
Bids submission method: closed
Time of bids submission: 09:00 - 11:00
Time of bids confirmation: 09:00 - 11:30 (Т+0)
Time of cut-off: till 3:00 p.m. (Т+0)
Bids satisfaction method:
limited (competitive) at stated price
market (non-competitive) at the WA price
Stake of market bids satisfaction, %: 70
Payment date: September 28, 2007
Payment time: till 3:00 p.m. (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 3
Number of bids submitted (total / active): 18 / 17
including limited: 18 / 17
including market: 0
Volume of active bids, KZT m.: 16,389.4
Bid to offer, %: 163.9
Net price on submitted limited bids, % APR (total / active):
minimum: 96.0198 / 96.0198
maximum: 98.3218 / 98.3218
weighted average: 98.2224 / 98.2225
Yield on submitted limited bids, % APR (total / active)
minimum: 7.00 / 7.00
maximum: 17.00 / 17.00
weighted average: 7.4309 / 7.4306
* active bids- bids not annulled by trades participants by the moment of bids
submitting period expiration, including
those, confirmed by Confirmation system participants OFFERING RESULTS
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Volume of satisfied bids, securities: 140,000,000
Volume of satisfied bids, tenge: 13,764,580,000.00
Volume of satisfied bids, % to plan 140.0
Net price in satisfied bids, %
minimal (cut-off) 98.3100
maximum 98.3218
weighted average 98.3184
Yield of bonds to maturity for a buyer, % APR
minimal 7.0000
maximum 7.0500
weighted average 7.0143
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Of the total volume of active bids, the stake of subjects of pension funds
made 40.1%, the share of second tier banks (STB) made 59.9%.
According to data of Central depository of securities JSC (Almaty) all deals
on offering of МЕKКАМ-3 of the 304th issue by the moment of completion of
settlements according to the results of trades have been executed. 28.6%
from the total volume of offered bonds were purchased at the expense of
assets of one of the pension funds and 71.4% were purchased by STB.
MEKKAM are issued in compliance with Rules of issue, placement,
maintenance and maturity of government treasury obligations of
Kazakhstan (rules of issue
http://www.kase.kz/mix/newgko.pdf) approved by
the resolution of Kazakhstan Government dated September 8, 2004 #941
and are placed according to the Rules of flotation of government treasury
obligations of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by
the decision of KASE Exchange Council dated December 29, 2004.
MEKKAM, sold by the Ministry of finance of Kazakhstan, are automatically
accepted to the circulation on KASE secondary market under the symbol
given in the table.
[2007-09-28]