/KASE, January 17, 08/ - Kazakhstan Stock Exchange (KASE) informs that
on January 17, 2008 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-3
National identification number: KZK1KM033054
Number of the issue: 305/3
KASE trade code: MKM003_0305
Face value, KZT: 100.00
Flotation start date: January 17, 2008
Circulation start day: January 17, 2008
Circulation end day: April 16, 2008
Date of maturity: April 17, 2008
Term of circulation: 91 days
Time base: actual/actual
------------------------------------------------------- ------------------------------------
TERMS OF FLOATATION:
------------------------------------------------------- ------------------------------------
Floatation volume, KZT m: 13,000.0
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: January 17, 08
Payment time: until 3:00 p.m. (Т+0)
------------------------------------------------------- ------------------------------------
DEMAND PARAMETERS:
------------------------------------------------------- ------------------------------------
Number of participants - prime dealers: 14
Number of bids submitted (total / active*): 72/61
including limited: 60/50
Including market: 12/11
Volume of active bids, KZT m.: 69,680.6
Bid to ask, %: 546.5
Price in limited bids, % (all/ active):
minimal: 97.3378 / 97.3378
maximum: 98.3374 / 98.3374
weighted average: 98.1437 / 98.0865
Yield to maturity on limited bids, % APR. (all / active):
minimal: 6.8000 / 6.8000
maximum: 11.0002 / 11.0002
weighted-average: 7.6074 / 7.8462
------------------------------------------------------- ------------------------------------
* 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: 157,000,000
Volume of satisfied bids, KZT: 15,431,480,549.98
Volume of satisfied bids, % to plan: 120.8
Price in satisfied bids, KZT:
minimal (cut off): 98.2893
maximal: 98.3374
weighted-average: 98.2897
Yield-to-maturity, % APR:
minimal: 6.8000
maximal: 7.0001
weighted-average: 6.9985
---------------------------------------------------------------------------------------------
In total volume of active bids, 18.3% of all fell at the stake of pension market
entities, 61.2% - second tier banks (STB), their clients - 18.7%, brokerage-
dealership companies - 1.8%
According to the data of Central securities depositary JSC (Almaty) all deals
on floatation of MEKKAM-3 of 305th issue are executed by the moment
when calculations were completed by the results of trades. Along with this
97.9% of floated bonds were purchased by STB, 2.1% - 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.
[2008-01-17]