/KASE, August 20, 08/ - Kazakhstan Stock Exchange (KASE) informs that on
August 20, 2008 specialized trades on offering government mid-term treasury
obligations of the Ministry of Finance of the Republic of Kazakhstan
(MEOKAM) were held in the trading system. Below are the main parameters of
issue, terms and results of offering (Altmaty time).
ISSUE PARAMETERS
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Security type: MEOKAM-36
National identification number: KZK2KY030668
Issue order number: 66/36
KASE trade code: MOM036_0066
Face value, tenge: 1,000.00
Time base: 30/360
Offering date: 20.08.2008
Circulation first date: 20.08.2008
Circulation last date: 19.08.2011
Maturity date: 20.08.2011
Circulation term: 3 years (1080 days)
Coupon payment period: 2 times a year
Upcoming coupon payments: 1 20.02.2009
2 20.08.2009
3 20.02.2010
4 20.08.2010
5 20.02.2011
6 20.08.2011
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OFFERING TERMS:
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Declared volume, m. tenge: 9,000.0
Subject of trade: coupon rate
Order submission method: closed
Order receipt time: 09:00-11:00
Order confirmation time: 09:00-11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Order satisfaction method: by striking price (rate)
Market orders satisfaction stake, %: 70
Payment date 20.08.2008
Payment time: before 15:00 (Т+0)
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ASK PARAMETERS:
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Number of participants - primary dealers: 14
Number of orders submitted (totally / active): 33 / 31
including limited: 26 / 24
including market: 7 / 7
Volume of active orders*, m. tenge: 24,623.0
including limited: 18,726.0
including market: 5,897.0
Bid to ask, %: 273.6
Coupon rate on submitted limited orders, % APR. (all / active):
minimum: 8,00 / 8,00
maximum: 11.00 / 11.00
weighted average: 8.69 / 8.69
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* active orders - orders, not annulled by trade participants
as at the moment of expiry of order submission period,
including confirmed by Confirmation System participants
OFFERING RESULTS:
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Satisfied orders volume, tenge: 9,000,000,000.00
Satisfied orders volume, bonds: 9,000,000
Satisfied orders volume, % of plan: 100.0
Coupon rate, % APR: 8.50
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The total volume of active orders constituted for 4.5 % of pension market
subjects, 56.4 % commercial banks, 23.3 % clients of commercial banks, 15.8 %
broker and dealer companies.
According to Central Securities Depository (Almaty) all deals on offering of
MEOKAM-36 of 66th issue were executed by the moment of settlement end.
9.9 % were purchased by pension market entities, 35.6 % - commercial banks,
33.4 % - commercial banks' clients, 21.1 % - broker and dealer companies.
MEOKAM were issued in compliance with Rules on Issue, Placement,
Servicing and Maturity of Government Treasury Obligations of the Republic
of Kazakhstan (Rules of Issue,
http://www.kase.kz/mix/newgko.pdf ), approved
by resolution No. 941 of the Government of the Republic of Kazakhstan of
September 8, 2004, and are placed based on Rules of Placement of
Government Treasury Obligations of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf ) approved by the
KASE Council decision of December 29, 2004.
MEOKAM sold by the Ministry of Finance are automatically admitted to circulation
on the KASE secondary market under the trade code in the table. At that the
bonds must be quoted in the KASE trade system in net prices.
[2008-08-20]