/KASE, November 6, 07/ - Kazakhstan Stock Exchange (KASE) informs that
on November 6, 2007 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) were held. Following is the main
parameters of the floatation (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Type of security: MEKKAM-6
National identification number: KZK1KM061808
Number of the issue: 180/6
KASE trade code: MKM006_0180
Face value, KZT: 100.00
Flotation start date: November 6, 2007
Circulation start day: November 6, 2007
Circulation end day: May 5 2008
Date of maturity: May 6, 2008
Term of circulation: 182 days
Time base: actual/actual
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TERMS OF FLOATATION:
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Floatation volume, KZT m: 14,000.0
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: November 6, 07
Payment time: until 3:00 p.m. (Т+0)
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DEMAND PARAMETERS:
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Number of participants - prime dealers: 8
Number of bids submitted (total / active*): 24/19
including limited: 22/17
Including market: 2/2
Volume of active bids, KZT m.: 17,571.9
Bid to ask, %: 132.4
Price in limited bids,
% (all/ active):
minimal: 93.4914 / 93.4914
maximum: 97.5740 / 97.5740
weighted average: 95.0027 / 94.7911
Yield to maturity on
limited bids, % APR.
(all / active):
minimal: 5.0000 / 5.0000
maximum: 13.9999 / 13.9999
weighted-average: 9.0893 / 9.2345
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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 bids, securities: 66,374,900
Volume of satisfied bids, KZT: 6,363,519,293.60
Volume of satisfied bids, % to plan: 47.4
Price in satisfied bids, KZT:
minimal (cut off): 95.4981
maximal: 97.5740
weighted-average: 95.8724
Yield-to-maturity,
% APR:
minimal: 5.0000
maximal: 9.4801
weighted-average: 8.6579
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In total volume of active bids, 38.8% of all at stake are pension market
entities, 43.2% - second tier banks (STB), their clients - 14.2%, brokerage-
dealership companies - 3.8%
According to the data of Central securities depositary JSC (Almaty) all deals
on floatation of MEKKAM-6 of 108th issue are executed by the moment
when calculations were completed by the results of trades. Along with this
60.3% of floated bonds were purchased by STB, 39.7% - by their clients.
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.
[2007-11-06]