Kazakhstan Ministry of Finance: auction on placement of MEKKAM-6 of 184th issue (KZK1KM061840) on KASE September 24 not executed

/KASE, September 24, 08/ - Kazakhstan Stock Exchange (KASE) informs that September 24, 2008 the auction on placement of government short-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEKKAM) was held in the KASE trading system on the terms as below (discount bonds, Almaty time). ISSUE PARAMETERS: -------------------------------------------- ------------------- Security type: MEKKAM-6 National identification number: KZK1KM061840 Issue order number: 184/6 KASE trade code: MKM006_0184 Face value, tenge: 100.00 Placement date: 24.09.08 Circulation start date: 24.09.08 Last circulation date: 23.03.09 Maturity date: 24.03.09 Circulation term: 181 days Time base: actual/actual -------------------------------------------- ------------------- PLACEMENT TERMS: -------------------------------------------- ------------------- Placement volume, m. tenge: 10,000.0 Trade subject: bond price 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) Orders satisfaction method: - limited (competitive) by declared price - market (non-competitive) by weighted average Market order satisfaction stake, %: 70 Payment date: 24.09.08 Payment time: before 15:00 (Т+0) -------------------------------------------- ------------------- ASK PARAMETERS: -------------------------------------------- ------------------- Number of participants - primary dealers: 6 Number of submitted orders(total / active): 12 / 11 including: - limited: 9 / 8 - market: 3 / 3 Active orders volume*, m. tenge: 5,870.7 Ask to bid, %: 60.8 Price on submitted limited orders, % (total / active): - minimum: 95.9554 / 95.9554 - maximum: 96.6499 / 96.6499 - weighted average: 96.5810/ 96.5571 Yield on submitted limited orders, % APR. (total / active): - minimum: 6.9899 / 6.9899 - maximum: 8.5000 /8.5000 - weighted average: 7.1387 / 7.1905 -------------------------------------------- ------------------- * active orders - orders, not annulled by trade participants as at the moment of expiry of order as at the moment of expiry of order submission period, including those confirmed by participants of the Confirmation system, the sum on market orders is calculated by the weighted average price of active limited orders Active orders were divided by pension funds entities - 17.8 %, and commercial banks (STB) - 78.9 %, STB clients - 3.3 %. Having studied ask parameters, the Ministry of Finance have acknowledged the auction as not executed "due to an unsatisfactory price on submitted orders". [2008-09-24]