/KASE, August 26, 08/ - Kazakhstan Stock Exchange (KASE) notifies that on
August 26, 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).
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ISSUE PARAMETERS:
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Type of security: MEOKAM-24
National identification number: KZK2KY020735
Serial number of issue: 73/24
KASE trade code: MOM024_0073
Face value, KZT: 1000.00
Circulating bonds volume, units: 7,000,000
Date of circulation start: 13.08.2008
Last circulation date: 12.08.2010
Maturity date: 13.08.2010
Circulation period: 2 years (720 days)
Coupon rate: 8,00 % APR
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: 1 13.02.2009
2 13.08.2009
3 13.02.2010
4 13.08.2010
Time base: 30/360
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OFFERING TERMS:
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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: 26.08.2008
Payment time: till 15:00 (Т+0)
Accumulated interest as of settlements
date, %: 0,2889
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* KZT5.0 bn. at the face value DEMAND PARAMETERS:
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Number of participants - primary dealers: 6
Number of orders submitted (total /
active): 18 / 13
including:
( limited 12 / 9
( market 6 / 4
Volume of active orders*, securities: 18,000,000
Volume of active orders*, KZT: 17,997,084,599.98
Demand to offer, %: 360.0
Net price on submitted limited orders,
% (all / active):
- minimum: 99.1073 / 99.1073
- maximum: 99.9948 / 99.9948
- weighted average: 99.6959 / 99.6949
Yield on submitted limited orders, % APR
(all / active):
- minimum: 8.0000 / 8.0000
- maximum: 8.5000 / 8.5000
- weighted average: 8.1675 / 8.1680
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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; the amount on market orders is calculated at weighted average
price of all active limited orders OFFERING RESULTS:
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Volume of satisfied orders, securities: 13,333,333
Volume of satisfied orders, KZT: 13,371,158,184.24
Net price in satisfied orders, %: 99.9948
Yield of bonds to maturity for
buyers, % APR: 8.0000
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In the total volume of active orders, 66.7 % - second-tier banks (STB), 33.3 % -
clients of STB.
According to data of Central Securities Depository (Almaty) all deals on offering
of MEOKAM-24 of issue 73 by the moment of completion of settlements based on
trades results were executed. 61.1 % from the total volume of offered bonds
were purchased by STB, 38.9 % - STB clients.
Considering previous offerings the entire volume of issue of MEOKAM-24
(KZK2KY020735) made up 20,333,333 bonds to the face value amount
KZT20,333,333,000.00.
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.
[2008-08-26]