On December 26 Finance Ministry of Kazakhstan floated on KASE 72,833,333 MEKKAM-9 of the 9th issue (KZK1KM090096) to the sum of KZT6,828.3 m. at 8.80 - 8.90% APR

26.12.07 20:23
/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: -------------------------------------------------------- ------------------------------------ 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 -------------------------------------------------------- ------------------------------------ TERMS OF FLOATATION: -------------------------------------------------------- ------------------------------------ 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) -------------------------------------------------------- ------------------------------------ DEMAND PARAMETERS: -------------------------------------------------------- ------------------------------------ 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 -------------------------------------------------------- ------------------------------------ * 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 --------------------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------------------- * 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]