/KASE. June 27. 08/ - Kazakhstan Stock Exchange (KASE) informs that today
specialized trades on offering of government long-term treasury obligations of
the Ministry of Finance of the Republic of Kazakhstan (MEUJKAM) were held
today in the Exchange trading system. Below are basic parameters of issue.
offering terms and results (ALT).
ISSUE PARAMETERS:
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Security type: MEUJKAM-108
National identification number: KZKAKY090025
Issue order number: MUJ108_0002
KASE trading code: 1000.00
Nominal value. KZT: 27.06.2008
Payment date: 27.06.2008
Circulation start date: 26.06.2017
Circulation end date: 27.06.2017
Maturity date: 9 years (3240 days)
Circulation term: 1 time a year*
Coupon payment schedule: 1 07.07.2009
2 07.07.2010
3 07.07.2011
4 06.07.2012
5 06.07.2013
6 07.07.2014
7 07.07.2015
8 07.07.2016
9 07.07.2017
10 07.07.2009
Time base: 30/360
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OFFERING TERMS:
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Declared offering volume. KZT. m.: 12 000.0
Trade subject: Fixed coupon
Special terms on trade subject: Must not be less or equal to zero
Market orders satisfaction stake. %: 70
Orders receipt method: Closed
Orders receipt time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Striking time: Till 15:00 (Т+0)
Payment time: Till 15:00 (Т+0)
Orders satisfaction method: At the cut-off price
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 8
Number of submitted orders (total/confirmed): 10 / 10
Including:
- limited: 5 / 5
- market: 5 / 5
Volume of confirmed orders. KZT. m.: 26 440.0
Including:
- limited: 6 340.0
- market: 20 100.0
Demand to supply. %: 220.3
Fixed coupon rate on confirmed orders. % APR:
- minimum: 0.01
- maximum: 0.90
- weighted average: 0.08
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OFFERING RESULTS:
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Cut-off rate (fixed coupon rate. % a year): 0.01
Volume of satisfied orders. KZT. m.: 12 000.0
Offering volume. % from the plan: 100.0
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*on the fifth working day of the month in every 12 calendar circulation months
According to data of Central Securities Depository JSC (Almaty) all deals on
offering of MEUJKAM-108 of the second issue were satisfied at the moment of
settlements completion by trades' results.
MEUJKAM are government bonds, offered among accumulative pension funds of
the Republic of Kazakhstan. During the half circulation period, MEUJKAM can
circulate only among investors of this category. Then bonds free circulate on
the market.
Money, contributed into MEUJKAM are indexed through accrual of the indexed
coupon, received from the fixed coupon summation, determined at offering and
the inflation index for the past coupon period.
The current index value for the last full 12 months (from May 1, 2007 to May 1,
2008), based on the consumer prices monthly indices, published by the Agency of
the Republic of Kazakhstan for Statistics, made up 119.4812. It means that the
forecasted yield to maturity of offered shares at present is evaluated at the
level of 19.49 % APR given interpolation of the received coupon rate for the
entire securities circulation period.
More detailed information on MEUJKAM is specified in Rules on Issue,
Placement, Servicing and Maturity of Government Treasury Obligations of
the Republic of Kazakhstan (
http://www.kase.kz/mix/newgko.pdf) approved by
resolution #941 of the Government of the Republic of Kazakhstan of September
8, 2004 and effective from January 1, 2005.
Offered MEUJKAM are automatically admitted to circulation on the KASE
secondary market under indicated in the Table trading code. At that bonds must
be quoted in the KASE trading system in "dirty" prices.
[2008-06-27]