/KASE, July 22, 08/ - Kazakhstan Stock Exchange (KASE) notifies that on July
22, 2008 the repeated auction on 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:
----------------------------------------------------- -------------------------
Type of security: MEOKAM-24
National identification number: KZK2KY020727
Serial number of issue: 72/24
KASE trade code: MOM024_0072
Face value, KZT: 1000,00
Circulating bonds volume, units: 6 666 666
Date of circulation start: 09.07.2008
Last circulation date: 08.07.2010
Maturity date: 09.07.2010
Circulation period: 2 years (720 days)
Coupon rate: 8,00 % APR
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: 1 09.01.2009
2 09.07.2009
3 09.01.2010
4 09.07.2010
Time base: 30/360
----------------------------------------------------- -------------------------
OFFERING TERMS:
----------------------------------------------------- -------------------------
Announced volume of offering, securities: 5 000 000*
Trades subject: Bonds net price
Number of days before maturity (duration) 707
Stake of market order satisfaction, %: 70
Orders submission method: Closed
Orders submission 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:
- limited (competitive) At announced price
- market (noncompetitive) At weighted average price
Payment date: 22.07.2008
Payment time: Till 15:00 (Т+0)
Accumulated interest as at settlements date, %: 0,2889
----------------------------------------------------- -------------------------
* KZT5.0 bn. at the face value
DEMAND PARAMETERS:
----------------------------------------------------- -------------------------
Number of participants - primary dealers: 6
Number of orders submitted (total / active): 19 / 12
including:
( limited 10 / 8
( market 9 / 4
Volume of active orders*, securities: 241 594 437
Volume of active orders*, KZT: 241 619 517 720.51
Demand to offer, %: 4831.9
Net price on submitted limited orders, % (all / active):
- minimum: 98.6700 / 98.6700
- maximum: 99.9900 / 99.9900
- weighted average: 99.7442 / 99.7228
Yield on submitted limited orders, % APR (all / active):
- minimum: 8.0027 / 8.0027
- maximum: 8.7485 / 8.7485
- weighted average: 8.1410 / 8.1531
--------------------------------------------------------------------------------
* 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:
--------------------------------------------------------------------------------
Volume of satisfied orders, securities: 6 067 668
Volume of satisfied orders, KZT: 6 084 590 051.87
Net price in satisfied orders, %: 99.9900
Yield of bonds to maturity for buyers, % APR: 8.0027
--------------------------------------------------------------------------------
In the entire volume of active orders, 94.4 % of them fell at the subjects of
pension market, 4.6 % - second-tier banks (STB), 0.9 % - clients of STB,
0.1 % - brokerage and dealership companies.
According to data of Central Securities Depository JSC (Almaty) all deals on
offering of MEOKAM-24 of issue 72 by the moment of completion of settlements
based on trades results were executed. 66.9 % from the entire volume of offered
bonds were purchased by STB, 33.1 % - STB clients.
Considering previous offerings the entire volume of issue of MEOKAM-24
KZK2KY020727 made up 12 734 334 bonds to the face value amount
KZT12 734 334 000.00.
The repeated auction was implemented by the specialized trades method.
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.
[2008-07-22]