Finance Ministry of Kazakhstan floated at KASE on October 23 MEKKAM-12 of the 85th issue for amount of KZT16,856.5 m. at 7.00 - 10.30% APR

23.10.07 21:16
/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: --------------------------------------------------- ----------------------------------------- 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 --------------------------------------------------- ----------------------------------------- TERMS OF FLOATATION: --------------------------------------------------- ----------------------------------------- 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) --------------------------------------------------- ----------------------------------------- DEMAND PARAMETERS: --------------------------------------------------- ----------------------------------------- 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 --------------------------------------------------- ----------------------------------------- * 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 --------------------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------------------- 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]