/KASE, November 23, 07/ - Kazakhstan stock exchange (KASE) informs
that on November 23 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:
---------------------------------------------- -------------------------
Type of security: МЕУКАМ-84
National identification number: KZKDKY070016
Issue ordinal number: 1/84
Trade symbol on KASE: MUM084_0001
Face value, KZT: 1,000.00
Bonds volume in circulation, copies: 20,854,000
Circulation start date: March 14, 2007
Last circulation day: March 13, 2014
Maturity date: March 14, 2014
Circulation period: 7 years (2,520 days)
Coupon rate: 6.75% APR
Periodicity of coupon payment: once a year
Schedule of coupon payments: March 14 each year
Time basis 30/360
---------------------------------------------- -------------------------
OFFERING TERMS:
---------------------------------------------- -------------------------
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 23, 2007
Payment time: until 3:00 p.m. (Т+0)
Accumulated interest by payment date, %: 4.668750
---------------------------------------------- -------------------------
* KZT14.0 bn. by face value DEMAND PARAMETERS:
---------------------------------------------- -------------------------
Number of participants - primary dealers: 6
Number of bids submitted (total / active): 33 / 24
Including:
- limited: 31 / 23
- market: 2 / 1
Volume of active bids*, securities: 24,213,000
Volume of active bids*, KZT 20,253,830,870.50
Demand to offering, %: 484.3
Net price for the given limited bids, % APR (all / active):
minimal: 67.6737 / 67.6737
maximum: 87.3164 / 87.3164
weighted average: 79.6466 / 78.9798
Profitability on submitted limited bids, % APR (all/active):
minimal: 9.5000 / 9.5000
maximum: 15.0000 / 15.0000
weighted average: 11.3723 / 11.5497
-------------------------------------------------------------------------
* 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
-------------------------------------------------------------------------
Volume of satisfied bids, securities: 1,200,000
Volume of satisfied bids, tenge: 1,103,821,800.00
Net price in satisfied bids, %: 87.3164
Bonds yield in accepted bid, %, APR: 9.5000
-------------------------------------------------------------------------
In the total volume of active bids the stake of pension market subjects
totaled 81.8%, stake of Kazakhstan banks - 9.5%, stake of broker-dealer
companies- 7.8%, stake of clients of broker-dealer companies- 0.9%.
By the trade results, 83.3% of bonds were purchased by subjects of pension
market, 16.7% - by brokerage-dealership organization.
According to Central depositary of securities JSC (Almaty), by the end of
settlements, the given deal has been executed by results of the trade.
Taking into account the earlier conducted offerings, the total volume of
MEUKAM-84 issue (KZKDKY070016) made 2,771,428 bonds for amount of
face value at KZT2,771,428,000.00
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.
[2007-11-23]