/KASE, September 10, 08/ - Kazakhstan Stock Exchange (KASE) informs that on
September 10, 2008 specialized trades to place government mid-term treasury
obligations of the Ministry of Finance of the Republic of Kazakhstan
(MEOKAM) were held in the KASE system. Below are the parameters of the
issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-24
National identification number: KZK2KY020743
Issue order number: 74/24
KASE trade code: MOM024_0074
Face value, tenge: 1000.00
Time base: 30/360
Placement date: 10.09.2008
Circulation start date: 10.09.2008
Circulation last date: 09.09.2010
Maturity date: 10.09.2010
Circulation term: 2 years (720 days)
Coupon payment coupon: 2 times a year
Coupon payment schedule: March 10 and September 10
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PLACEMENT TERMS:
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Declared volume, m. tenge: 10,000.0
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 price (rate) of striking
Market order satisfaction ratio, %: 70
Payment date: 10.09.2008
Payment time: Before 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 8
Number of submitted orders (total / active): 13 / 13
including:
- limited: 7
- market: 6
Volume of active orders*, m. tenge: 18,300.0
including:
- limited: 9,000.0
- market: 9,300.0
Demand to bid, %: 183.0
Coupon rate on submitted limited orders, % APR.:
- minimum: 7.98
- maximum: 8.50
- weighted average: 8.03
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* active orders - orders, not cancelled by trade participants
as at the moment of expiry of order submission period, including those
confirmed by the Confirmation system participants PLACEMENT RESULTS:
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Volume of satisfied orders, tenge: 10,000,000,000.00
Volume of satisfied orders, bonds: 10,000,000
Volume of satisfied orders, % of planned: 100.0
Coupon rate, % APR: 8.00
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In the total volume of active orders the stake of commercial banks (STB)
constitutes for 83.6 %, STB clients - 15.3 %, broker-dealer companies- 1.1 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-24 of 74th issue by the moment of end of settlement on results of
trades were executed. 78.9 % of placed bonds were bought by STB, 21.1 % - by
STB clients.
MEOKAM were issued in accordance with the Rules on Issue, Placement,
Service and Maturity of Government Treasury Obligations of the Republic
of Kazakhstan (
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
placed in accordance with the Rules on Placement of Government Treasury
Obligations of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), approved by the
KASE Exchange Council December 29, 2004.
MEOKAM sold by the Ministry of Finance are automatically admitted to circulation
on the KASE secondary market under the trade code mentioned in the table. At
that obligations must be quoted in the KASE trading system in net prices.
[2008-09-10]