/KASE, September 26, 08/ - Kazakhstan Stock Exchange (KASE) notifies that on
September 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).
ISSUE PARAMETERS:
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Type of security: MEOKAM-36
National identification number: KZK2KY030676
Serial number of issue: 67/36
KASE trade code: MOM036_0067
Face value, KZT: 1000.00
Circulating bonds volume, units: 18,366,666
Date of circulation start: 17.09.2008
Last circulation date: 16.09.2011
Maturity date: 17.09.2011
Circulation period: 3 years (1080 days)
Coupon rate: 8,45 % APR
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: 1 17.03.2009
2 17.09.2009
3 17.03.2010
4 17.09.2010
5 17.03.2011
6 17.09.2011
Time base: 30/360
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OFFERING TERMS:
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Announced volume of offering, securities: 10,000,000*
Trades subject: bond net price
Number of days before maturity (duration) 1071
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: 26.09.2008
Payment time: till 15:00 (Т+0)
Accumulated interest as of settlements 0.2113
date, %:
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* KZT10.0 bn. at the face value DEMAND PARAMETERS:
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Number of participants - primary dealers: 4
Number of orders submitted (total / active): 7 / 7
including:
( limited 4
( market 3
Volume of active orders*, securities: 4,560,000
Volume of active orders*, KZT: 549,821,360.00
Demand to offer, %: 45.6
Net price on submitted limited orders, % (all / active):
- minimum: 98.5875
- maximum: 100.2546
- weighted average: 100.0349
Yield on submitted limited orders, % APR (all / active):
- minimum: 8.3500
- maximum: 9.0000
- weighted average: 8.4348
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* active orders- orders not annulled by trades participants by the moment of orders
submitting period expiration,
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: 1,800,000
Volume of satisfied orders, KZT: 1,804,430,600.00
Net price in satisfied orders, %:
- minimum: 98.5875
- maximum: 100.2546
- weighted average: 100.0349
Yield of bonds to maturity for a buyer, % APR:
- minimum: 8.3500
- maximum: 9.0000
- weighted average: 8.4349
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In the total volume of active orders, 1.3 % - pension market subjects, 6.6 % -
second-tier banks (STB), 87.7 % - clients of STB, 4.4 % - clients of brokerage
and dealer companies.
According to data of Central Securities Depository (Almaty) all deals on offering
of MEOKAM-36 of issue 67 by the moment of completion of settlements based on
trades results were executed. 2.6 % from the total volume of offered bonds were
purchased by one of the pension market subject, 16.7 % - STB, 69.6 % - STB
clients, 11.1 % - brokerage and dealer companies.
Considering previous offerings the entire volume of issue of MEOKAM-36
(KZK2KY030676) made up 20,166,666 bonds to the face value amount
KZT20,166,666,000.00.
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-36 (KZK2KY030676) circulates 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.
[2008-09-26]