/KASE, November 13, 07/ - Kazakhstan Stock Exchange (KASE) informs
that on November 13, 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-9
National identification number: KZK1KM090070
Number of the issue: 7/9
KASE trade code: MKM009_0007
Face value, KZT: 100.00
Flotation start date: November 13, 2007
Circulation start day: November 13, 2007
Circulation end day: August 12 2008
Date of maturity: August 13, 2008
Term of circulation: 274 days
Time base: actual/actual
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TERMS OF FLOATATION:
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Floatation volume, KZT m: 10,000.0
Trades object: price of bonds
Bids submission method: closed
Time for bids submission: 09:00 - 11:00 a.m.
Time for bids confirmation: 09:00 - 11:30 a.m. (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 13, 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: 15
Number of bids submitted (total / active*): 44/33
including limited: 42/31
Including market: 2/2
Volume of active bids, KZT m.: 35,110.1
Bid to ask, %: 382.9
Price in limited bids, % (all/ active):
minimal: 89.7230 / 89.7230
maximum: 94.0378 / 94.0378
weighted average: 91.4190 / 91.7049
Yield to maturity on limited bids, % APR. (all / active):
minimal: 8.4690 / 8.4690
maximum: 15.3001 / 15.3001
weighted-average: 12.5381 / 12.0826
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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: 358,300
Volume of satisfied bids, KZT: 3,358,318,150.00
Volume of satisfied bids, % to plan: 0.4
Price in satisfied bids, KZT:
minimal (cut off): 93.3893
maximal: 94.0378
weighted-average: 93.7292
Yield-to-maturity, % APR:
minimal: 8.4690
maximal: 9.4501
weighted-average: 8.9363
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* results of offering do not take into account one declined deal with a volume of
KZT3,186,792,800.00
In total volume of active bids, 62.5% of all at stake are pension market
entities, 20.6% - second tier banks (STB), their clients - 5.4%, brokerage-
dealership companies - 2.6%, to the stake of clients of brokerage-dealership
companies - 8.9%.
According to the data of Central securities depositary JSC (Almaty) all deals
on floatation of MEKKAM-9 of 7th issue are executed by the moment when
calculations were completed by the results of trades. Along with this 48.8%
of floated bonds were purchased by clients of STB, 36.6% - by STB, 11.9% -
by the subjects of pension market, 2.8% - by brokerage-dealership
organization.
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.
[2007-11-13]