On February 14 the Ministry of finance of Kazakhstan offered on KASE MEOKAM-24 of the 70th issue for a total of KZT18,466.0 m. at 8.50% APR

14.02.08 21:34
/KASE, February 14, 08/ - Kazakhstan stock exchange (KASE) notifies that on February 14, 2008 the repeated auction for offering of government mid- term treasury instruments of Ministry of finance of Kazakhstan (MEOKAM) were held in KASE's trade system. Below are main parameters of the issue, terms and results of offering (Almaty time): ISSUE PARAMETERS: ---------------------------------------------- ----------------------------- Type of security: МЕОКАМ-24 National identification number: KZK2KY020701 Ordinal number of the issue: 70/2 KASE trade code: MOM024_0070 Face value, KZT: 1,000.00 Times basis: 30/360 Floatation day February 14, 2008 Circulation start day: February 14, 2008 Last circulation day: February 13, 2010 Maturity date: February 14, 2010 Circulation term: 2 years (720 days) Periodicity of coupon payment: 2 times a year Schedule of coupon payments: February 14 and August 14 ---------------------------------------------- ----------------------------- OFFERING TERMS: ---------------------------------------------- ----------------------------- Announced volume, KZT m: 13,000.0 Object of trades: Coupon rate Bids submission method: closed Time of bids submission: 09:00 - 11:00 a.m. Time of bids confirmation: 09:00 - 11:30 a.m. (Т+0) Time of cut-off: till 3:00 p.m. (Т+0) Bids satisfaction method: At cutting-off price Stake of market bids satisfaction, %: 70 Payment date: February 14, 08 Payment time: till 3:00 p.m (Т+0) ---------------------------------------------- ----------------------------- DEMAND PARAMETERS: ---------------------------------------------- ----------------------------- Number of participants - primary dealers: 18 Number of bids submitted (total / active): 63 / 58 including limit: 52 / 48 including market: 11 / 10 Volume of active bids*, KZT m.: 43,356.0 including limit: 31,926.0 including market: 11,430.0 Bid to offer, %: 333.5 Coupon rate on submitted limit bids, % APR (total / active): minimum: 7.00 / 7.00 maximum: 15.00 / 15.00 weighted average: 9.97 / 9.08 * active bids- bids not annulled by trades participants by the moment of bids submitting period expiration, including those, confirmed by Confirmation system participants OFFERING RESULTS ----------------------------------------------------------------------------- Volume of satisfied bids, tenge: 18,466,000,000.00 Volume of satisfied bids, bonds: 18,466,000 Volume of satisfied bids, % to plan 142.0 Coupon rate, % APR 8.50 ----------------------------------------------------------------------------- From the entire volume of active bids, 8.1% of them fell at the subjects of pension market, 61.9% - at the stake of second tier banks (STB), 23.1% - at the clients of STB, 6.5% - at the brokerage and dealership companies, 0.4% - at their clients. According to data of Central depository of securities JSC (Almaty) all deals on offering of МЕОКАМ-24 of the 70th issue by the moment of completion of settlements according to the results of trades have been executed. Of the entire volume of floated bonds 7.7% of them were purchased by the subjects of pension market, 58.3% - by second tier banks (STB), 21.7% - by the clients of STB, 11.4% - by the brokerage and dealership companies, 0.9% - by their clients. MEOKAM have been issued in compliance with Rules of issue, offering, servicing and maturity of government treasury instruments of Kazakhstan (http://www.kase.kz/mix/newgko.pdf), approved by the Resolution of Kazakhstan's Government dated September 8, 2004 #941, and were offered in compliance with the Rules of offering of government treasury instruments of Kazakhstan (http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by the decision of KASE's Council on December 29, 2004. MEOKAM sold by Finance ministry are automatically admitted to circulation at KASE's secondary market under trade code given in the table. At that bonds should be quoted in KASE's trade system in net prices. [2008-02-14]