/KASE, December 26, 07/ - Kazakhstan Stock Exchange (KASE) informs
that on December 26, 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: KZK1KM090096
Number of the issue: 9/9
KASE trade code: MKM009_0009
Face value, KZT: 100.00
Flotation start date: December 26, 2007
Circulation start day: December 26, 2007
Circulation end day: September 25, 2008
Date of maturity: September 26, 2008
Term of circulation: 275 days
Time base: actual/actual
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TERMS OF FLOATATION:
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Floatation volume, KZT m: 20,000.0
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 satisfaction, %: 70
Payment date: December 26, 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: 10
Number of bids submitted (total / active*): 56/52
including limited: 33/31
Including market: 23/21
Volume of active bids, KZT m.: 68,614.1
Bid to ask, %: 368.4
Price in limited bids, % (all/ active):
minimal: 91.7293 / 91.7293
maximum: 94.0000 / 94.0000
weighted average: 93.1555 / 93.1183
Yield to maturity on limited bids, % APR. (all / active):
minimal: 8.4952 / 8.4952
maximum: 12.0000 / 12.0000
weighted-average: 9.7787 / 9.8358
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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: 72,833,333
Volume of satisfied bids, KZT: 6,828,278,533.75
Volume of satisfied bids, % to plan: 36.4
Price in satisfied bids, KZT:
minimal (cut off): 93.7292
maximal: 94.0000
weighted-average: 93.7521
Yield-to-maturity, % APR:
minimal: 8.4952
maximal: 8.9042
weighted-average: 8.8695
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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, 1.2% of all fell at the stake of pension market
entities, 85.8% - second tier banks (STB), their clients - 11.9%, brokerage-
dealership companies - 1.1%
According to the data of Central securities depositary JSC (Almaty) all deals
on floatation of MEKKAM-9 of 9th issue are executed by the moment when
calculations were completed by the results of trades. Along with this 59.5%
of floated bonds were purchased by STB, 40.5% - by clients of STB.
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.
[2007-12-26]