/KASE, March 12, 08/ - Kazakhstan Stock Exchange (KASE) informs that on
March 12, 2008, in trade system of KASE, the 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-12
National identification number: KZK1KY010877
Number of the issue: 87/12
KASE trade code: MKM012_0087
Face value, KZT: 100.00
Flotation start date: March 12, 2008
Circulation start day: March 12, 2008
Circulation end day: March 11, 2009
Date of maturity: March 12, 2009
Term of circulation: 366 days
Time base: actual/actual
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TERMS OF FLOATATION:
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Floatation volume, KZT m: 11,000.0
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 (noncompetitive) bids at weighted average price
Share of market bids 70
satisfaction, %:
Payment date: March 12, 08
Payment time: until 3:00 p.m. (Т+0)
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DEMAND PARAMETERS:
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Number of participants - prime dealers: 18
Number of bids submitted (total / active*): 83 / 66
including limited: 70 / 56
Including market: 13 / 10
Volume of active bids, KZT m.: 36,790.1
Bid to ask, %: 363.9
Price in limited bids, % (all/ active):
minimal: 90.0901 / 90.0901
maximum: 93.0200 / 93.0200
weighted average: 91.9098 / 91.8965
Yield to maturity on limited bids, % APR. (all / active):
minimal: 7.5038 / 7.5038
maximum: 11.0000 / 11.0000
weighted-average: 8.8023 / 8.8180
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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: 245,182,000
Volume of satisfied bids, KZT: 22,710,180,840.00
Volume of satisfied bids, % to plan: 222.9
Price in satisfied bids, KZT:
minimal (cut off): 92.6200
maximal: 93.0200
weighted-average: 92.6258
Yield-to-maturity, % APR:
minimal: 7.5038
maximal: 7.9680
weighted-average: 7.9613
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In total volume of active bids, 7.5% of all at stake are pension market
entities, 80.2 % - second tier banks (STB), 9.5% - clients of STB, 2.8% -
brokerage-dealership companies.
According to the data of Central securities depositary JSC (Almaty) all deals
on floatation of MEKKAM-12 of 87th issue are executed by the moment
when calculations were completed by the results of trades. Along with this
85.7% of floated bonds were purchased by STB, 14.4 % - 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.
[2008-03-12]