/KASE, November 9, 07/ - Kazakhstan stock exchange (KASE) informs that
on November 9 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: МЕУКАМ-96
National identification number: KZKDKM960011
Issue ordinal number: 1
Trade symbol on KASE: MUM096_0001
Face value, KZT: 1,000.00
Bonds volume in circulation, copies: 20,854,000
Circulation start date: March 20, 2006
Last circulation day: March 29, 2014
Maturity date: March 30, 2014
Circulation period: 8 years (2,880 days)
Coupon rate: 4.30% APR
Periodicity of coupon payment: once a year
Schedule of coupon payments: March 30 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 a.m.
Bids confirmation time: 09:00 - 11:30 a.m. (Т+0)
Cut-off time: until 3:00 p.m. (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 9, 2007
Payment time: until 3:00 p.m. (Т+0)
Accumulated interest by payment date, %: 2.615833
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* KZT14.0 bn. by face value DEMAND PARAMETERS:
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Number of participants - primary dealers: 7
Number of bids submitted (total / active): 19 / 18
Including:
- limited: 19 / 18
- market: 0 / 0
Volume of active bids*, securities: 24,138,000
Volume of active bids*, KZT 16,502,738,788.00
Demand to offering, %: 482.8
Net price for the given limited bids, % APR (all / active):
minimal: 60.6334 / 60.6334
maximum: 73.9471 / 73.9471
weighted average: 66.0032 / 65.7525
Profitability on submitted limited bids, % APR (all/active):
minimal: 10.0000 / 10.0000
maximum: 14.0000 / 14.0000
weighted average: 12.2192 / 12.2966
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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: 653,000
Volume of satisfied bids, tenge: 499,955,954.67
Net price in satisfied bids, %: 73.9471
Bonds yield in accepted bid, %, APR: 10.0000
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In total volume of active bids the stake of pension market subjects totaled
89.5%, stake of Kazakhstan banks - 5.5%, stake of broker-dealer
companies- 5.0%.
The accepted bid was submitted by one of Kazakhstani second tier banks.
According to Central depositary of securities JSC (Almaty), the given deal on
KZKDKY020011 issue MEUKAM-120 re-offering by the end of settlements
has been executed by results of the trade.
Taking into account the earlier conducted offerings, the total volume of
MEUKAM-96 issue (KZKDKM960011) made 21,507,000 bonds for amount
of face value at KZT21,507,000,000.00
The 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.
[2007-11-09]