/KASE, July 9, 08/ - Kazakhstan Stock Exchange (KASE) notifies that on July 9,
2008 the special trades for offering of government mid-term treasury
instruments of the Ministry of Finance of the Republic of Kazakhstan
(MEOKAM) were held in the KASE trading system. Below are main parameters of
the issue, terms and offering results (ALT).
ISSUE PARAMETERS:
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Type of security: MEOKAM-24
National identification number: KZK2KY020727
Ordinal number of the issue: 72/24
KASE trade code: MOM024_0072
Face value, KZT: 1 000,00
Time base: 30/360
Offering date: 09.07.2008
Circulation start date 09.07.2008
Las circulation date: 08.07.2010
Maturity date: 09.07.2010
Circulation period: 2 years (720 days)
Coupon payment periodicity: 2 times a year
Coupon payment schedule: January 9 and July 9
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OFFERING TERMS:
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Announced volume, KZT m: 7 000,0
Object of trades: Coupon rate
Orders submission method: closed
Orders acceptance time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Cut-off time: Till 15:00 (Т+0)
Orders satisfaction method: At cut-off price (rate)
Stake of market orders satisfaction, %: 70
Payment date: 09.07.2008
Payment time: Till 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 11
Number of orders submitted (total / active): 28 / 23
including limit:
including market: 22 / 17
Number of participants - primary dealers: 6 / 6
Volume of active orders*, KZT m.: 18 550,0
including limited:
including market: 9 450,0
Volume of active orders*, KZT m.: 9 100,0
Order to offer, %: 265.0
Coupon rate on submitted limited orders, % APR (total / active):
minimum: 7.95 / 7.95
maximum: 9.50 / 9.50
weighted average: 8.99 / 8.43
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* active orders- orders not annulled by trades participants by the moment of
orders submitting period expiration,
including those, confirmed by Confirmation system participants OFFERING
RESULTS:
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Volume of satisfied orders, tenge: 6 666 666 000.00
Volume of satisfied orders, bonds: 6 666 666
Volume of satisfied orders, % to plan 95.2
Coupon rate, % APR 8.00
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In the entire volume of active orders, 9.7 % of them fell at the subjects of
pension market, 83.0 % - at the stake of second tier banks (STB), 2.4 % - at
the clients of STB, 4.9 % - at the brokerage and dealership companies.
According to data of Central depository of securities JSC (Almaty) all deals on
offering of МЕОКАМ-24 of issue 72 by the moment of completion of settlements
based on trades results were executed. 18.75 % from the entire volume of
offered bonds were purchased by one of the pension market subjects, 81.25 % -
STB.
MEOKAM were issued in compliance with Rules of Issue, Offering, Servicing
and Maturity of Government Treasury Instruments of the Republic of
Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by the resolution
#941 of the Government of the Republic of Kazakhstan of September 8, 2004,
and were offered in compliance with the Rules of Offering of Government
Treasury Instruments of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by the
decision of the Exchange Council of December 29, 2004.
MEOKAM sold by the Ministry of Finance are automatically admitted to circulation
on the KASE secondary market under trade code given in the table. At that bonds
should be quoted in the KASE trading system in net prices.
[2008-07-09]