/KASE, July 23, 08/ - Kazakhstan Stock Exchange (KASE) informs that on July
23, 2008, in the Exchange trading system was held the repeated auction on
placement of government short-term treasury obligations of the Ministry of
Finance of the Republic of Kazakhstan (MEKKAM) based on below terms
(discount bonds, ALT).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY010901
Serial number of issue: 90/12
KASE trading code: MKM012_0090
Face value. KZT: 100.00
Date of placement: July 2, 08
Circulation start date: July 2, 08
Circulation last day: July 1, 09
Date of maturity: July 2, 09
Circulation period: 365 days
Time base: actual/actual
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PLACEMENT TERMS:
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Placement volume. m. KZT: 5 000.0
Subject of trades: Bonds price
Orders submission method: Closed
Time of orders acceptance: 09:00-11:00
Time of orders confirmation: 09:00-11:30 (Т+0)
Cut-off time: Till 15:00 (Т+0)
Methods of orders satisfaction:
- limited (competitive) At the announced price
- market (noncompetitive) At the weighted average price
Steak of market orders satisfaction. %: 70
Date of payment: 23.07.08
Time of payment: Till 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 6
Number of submitted orders (total /active): 14 / 13
Including:
- limited: 8 / 8
- market: 6 / 5
Volume of active orders*, KZT, m.: 14,273.0
Demand to supply, %: 310.5
Prices on submitted limited orders, % (total/active):
- minimum: 84.8127 / 84.8127
- maximum: 93.7282 / 93.7282
- weighted average: 91.9399 / 91.9399
Yield on submitted limited orders, % APR (total /active):
- minimum: 7.10 / 7.10
- maximum: 19.00 / 19.00
- weighted average: 9.30 / 9.30
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* active orders - orders, uncancelled trades participants
at the moment of expiry of orders submission period, including confirmedе
by the Confirmation System participant; the amount on market orders
is calculated
at the weighted average price of active limited orders PLACEMENT RESULTS *:
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Volume of satisfied orders, securities: 66,808,950
Volume of satisfied orders, KZT: 6,241,519,386.05
Volume of satisfied orders, % to plan: 133.6
Net price in satisfied bids, %:
- minimum: 93.4228
- maximum: 93,7282
- weighted average: 93.4234
Yield of bonds to maturity for a buyer, %
APR:
- minimum: 7.1000
- maximum: 7.4700
- weighted average: 7.4693
In the total volume of active orders, the pension market subjects stake fall
14.3 %, to the second tier banks (STB) fall - 85.67 %, clients of brokerage and
dealers organizations - 0.03 %.
According to Central Securities Depository JSC (Almaty) all deals on placement
of MEKKAM-12 of issue 90 at the moment of completion of settlements by trades
results were satisfied. 7.55 % from the total number of placed bonds were re-
purchased by the subjects of pension market, 92.39% - by second tier banks,
0.06 % - by the clients of brokerage and dealers organizations.
Considering earlier placements the total issue volume of МЕККАМ-12 of issue 90
(KZK1KY010901) made 116.808.950 bonds at the face value of
KZT11,680,895,000.00.
MEKKAM are issued in compliance with Rules of 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 are
placed by Rules of Placement of Government Treasury Instruments of the
Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by the
decision of KASE Council on December 29, 2004.
Sold by the Ministry of Finance MEKKAM are automatically admitted to circulation
on the KASE secondary market under indicated in the table trading code.
[2008-07-23]