/KASE, November 1, 07/ - Kazakhstan stock exchange (KASE) informs that
on November 1 of 2007 the repeated auction on offering of government
long-term treasury obligations of Ministry of finance of Republic of
Kazakhstan (MEUKAM) was held in KASE's trade system by the given
bellow terms (Almaty time)
ISSUE PARAMETERS:
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Type of security: MEUKAM-120
National identification number: KZKDKY020011
Issue ordinal number: 1
Trade symbol on KASE: MUM120_0001
Face value, KZT: 1,000.00
Bonds volume in circulation, copies: 20,980,427
Circulation start date: May 31, 2006
Last circulation day: May 30, 2016
Maturity date: May 31, 2016
Circulation period: 10 years (3,600 days)
Coupon rate: 5.50% APR
Periodicity of coupon payment: once a year
Schedule of coupon payments: May 31 of each year
Time basis 30/360
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OFFERING TERMS:
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Announced volume of offering, securities: 5,000,000*
Trades object: Net bonds price
Bids submission method: closed
Bids acceptance time: 09:00 - 11:00
Bids confirmation time: 09:00 - 11:30 (Т+0)
Cut-off time: until 15:00 (Т+0)
Bids satisfaction method:
Limited (competitive) At claimed price
Market (uncompetitive) At weighted average price
Stake of market bids satisfaction, %: 70
Payment date: November 1, 2007
Payment time: until 3:00 p.m. (Т+0)
Accumulated interest by payment date, %: 2.306944
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* KZT14.0 bn. by face value DEMAND PARAMETERS:
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Number of participants - primary dealers: 6
Number of bids submitted (total / active): 21 / 19
Including:
- limited: 21 / 19
- market: 0 / 0
Volume of active bids*, securities: 22,450,100
Volume of active bids*, KZT 14,840,581,828.89
Demand to offering, %: 449.0
Net price for the given limited bids, % APR (all / active):
minimal: 55.6637 / 55.6637
maximum: 84.8442 / 84.8442
weighted average: 66.1428 / 63.7978
Profitability on submitted limited bids, % APR (all/active):
minimal: 8.0000 / 8.0000
maximum: 15.0000 / 15.0000
weighted average: 12.0216 / 12.5597
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* active bids- bids not annulled by trades participants by the moment
of bids submission period expiration, including those, confirmed by
participants of Confirmation system; the amount according to market
bids is calculated by weighted price of the demand RESULTS OF OFFERING
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Volume of satisfied bids, securities: 5,000,000
Volume of satisfied bids, tenge: 3,760,354,215.21
Net price in satisfied bids, %:
minimal: 70.3512
maximum: 84.8442
weighted average: 72.9002
Bonds profitability to maturity for purchasers, %, APR:
minimal: 8.0000
maximum: 11.0000
weighted average: 10.4159
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In total volume of active bids the stake of pension market subjects totaled
63.5%, stake of Kazakhstan banks - 28.9%, stake of broker-dealer
companies' clients - 7.6%.
According to results of the specialized trades 20% of bonds were purchased
by one of the subjects of pension funds, 76.0% - by Kazakhstan bank, 4.0%
- by brokerage-dealership companies.
According to Central depositary of securities JSC (Almaty), all deals on
KZKDKY020011 issue MEUKAM-120 re-offering by the end of settlements
have been executed by results of the trade.
Taking into account the earlier conducted offerings, the total volume of
MEUKAM-120 issue (KZKDKY020011) made 25,980,427 bonds for amount
of face value at KZT25,980,427,000.00
Repeated auction was held by the method of specialized trades.
MEUKAM were issued in compliance with Rules of issue, placement,
servicing and maturity of government treasury obligations of the Republic of
Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by Resolution of
Government of Kazakhstan dated September 8, 2004 #941, and were
offered in accordance with Rules of placement of government treasury
obligations of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by
the decision of KASE's Council on December 29, 2004.
MEUKAM-120 of KZKDKY020011 are circulating at the secondary market of
KASE under specified in the table code. Bonds are quoted in KASE's trade
system in net prices.
[2007-11-01]