/KASE, October 23, 07/ - Kazakhstan Stock Exchange (KASE) informs that
on October 23, 2005 in trade system of KASE specialized trades on
floatation of government short-term treasury bonds of the Finance Ministry of
the Republic of Kazakhstan (MEKKAM) of 84th issue were held. Following is
the main parameters of the floatation (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Type of security: MEKKAM-12
National identification KZK1KM120851
number:
Number of the issue: 85/12
KASE trade code: MKM012_0085
Face value, KZT: 100.00
Flotation start date: October 23, 2007
Circulation start day: October 23, 2007
Circulation end day: October 22, 2008
Date of maturity: October 23, 2008
Term of circulation: 1 year (365 days)
Time base: actual/actual
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TERMS OF FLOATATION:
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Announced floatation 10,000.0
volume, KZT m:
Trades object: price of bonds
Bids submission method: closed
Time for bids submission: 09:00 - 11:00
Time for bids confirmation: 09:00 - 11:30 (Т+0)
Time for cut-off: until 3:00 p.m. (Т+0)
Method of bids satisfaction:
for limited (competitive) bids at declared price
for market at weighted
(noncompetitive) bids average price
Share of market bids 70
satisfaction, %:
Payment date: October 22, 07
Payment time: until 3:00 p.m. (Т+0)
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DEMAND PARAMETERS:
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Number of participants 7
- prime dealers:
Number of bids submitted 28/24
(total / active*):
including limited: 24/21
Including market: 4/3
Volume of active bids, KZT m.: 24.266.9
Bid to ask, %: 269.2
Price in limited bids,
% (all/ active):
minimal: 86.2069 / 86.2069
maximum: 93.4579 / 93.4579
weighted average: 90.2857 / 90.1353
Yield to maturity on
limited bids, % APR.
(all / active):
minimal: 7.00 / 7.00
maximum: 16.00 / 16.00
weighted-average: 10.76 / 10.94
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* active bids- bids not annulled by trades participants by the moment when deadline for bids
acceptance has passed, including those, confirmed by the participants of the System of
confirmation
FLOATATION RESULTS
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Volume of satisfied 184 227 000
bids, securities:
Volume 16 856 470 960.00
of satisfied bids, KZT:
Volume of satisfied 184.2
bids, % to plan:
Price in satisfied
bids, KZT:
minimal (cut off): 90.6618
maximal: 93.4579
weighted-average: 91.4984
Yield-to-maturity,
% APR:
minimal: 7.00
maximal: 10.30
weighted-average: 9.29
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In total volume of active bids 40.10% of all at stake are pension market
entities, 29.7% - second tier banks (STB), their clients - 29.7%, brokerage-
dealership companies - 0.5%
According to Central securities depositary CJSC (Almaty) all deals on
floatation of MEKKAM-12 of 85th issue to the moment when calculations
were completed by the results of trades are executed. Along with this 12.5%
of floated bonds were purchased at the expense of assets of one of the
pension funds, 43.4% - by STB, 43.4% - by their clients, 0.7 - by brokerage-
dealership companies.
MEKKAMs are issued in compliance with Rules of issue, floatation,
servicing and maturity of state treasury obligations of the Republic of
Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by the
Resolution of the Government of Kazakhstan dated September 8, 2004
#941, and were placed in accordance with Rules of floatation of
government treasury obligations of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by
the decision of the Exchange Council of KASE dated December 29, 2004.
MEKKAM sold by Ministry of Finance are automatically admitted to
circulation at secondary market of KASE under trade code mentioned in the
table.
[2007-10-23]