/KASE, September 26, 08/ - Kazakhstan Stock Exchange (KASE) informs that on
September 26, 2008 specialized trades on placement of government short-term
treasury obligations of the Ministry of Finance of the Republic of Kazakhstan
(MEKKAM) were held in the exchange trading system on the terms as below
(discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY010901
Issue order number: 90/12
KASE trade code: MKM012_0090
Face value, tenge: 100.00
Payment date: 02.07.2008
Circulation start date: 02.07.2008
Circulation last date: 01.07.2009
Maturity date: 02.07.2009
Circulation term: 365 days
Time base: actual/actual
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PLACEMENT TERMS:
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Placement volume, m. tenge: 10,000.0
Trades 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)
Order satisfaction method:
- limited (competitive): by declared price
- market (non-competitive): by weighted average price
Market order satisfaction stake, %: 70
Payment date: 26.09.08
Payment time: before 15:00 (Т+0)
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ASK PARAMETERS:
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Number of participants - primary dealers: 5
Number of submitted orders (total / active): 13 / 13
including:
- limited: 7
- market: 6
Volume of active orders, m. tenge: 10,466.3
Ask to bid, %: 110.6
Price on submitted limited orders, % (total / active):
- minimum: 94.2373
- maximum: 94.5985
- weighted average: 94.5977
Yield on submitted limited orders % APR (total / active):
- minimum: 7.47
- maximum: 8.00
- weighted average: 7.47
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* active orders - orders, not annulled by trade participants
as at the
moment of expiry of order submission period, including those confirmed
the Confirmation system participants PLACEMENT RESULTS:
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Volume of satisfied orders, securities: 110,240,000
Volume of satisfied orders, tenge: 10,428,538,640.00
Volume of satisfied orders, % to plan: 110.2
Net price in satisfied orders, %: 94.5985
Bond yield to maturity for
buyer, % APR: 7.4700
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In the total volume of the active orders the pension market entities had 0.6 %,
second tier banks (STB) - 90.4 %, STB clients - 4.1 %, clients of brokerage and
dealer companies - 4.9 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-12 of 90th issue as at the moment of settlement end on results of
trades have been executed. 0.2 % of the total volume of placed bonds was
repurchased by pension market entities, 90.7 % - by STB, 4.2 % - STB clients,
4.9 % - clients of brokerage and dealer companies.
Considering previous offerings the entire volume of issue of MEKKAM-12, 90th
(KZK1KY010901) made up 227 048 950 bonds to the face value amount
KZT22 704 895 000.00.
MEKKAM are issued in accordance with Rules on Issue, Offering, Service 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 according to the Rules on Offering 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.
The MEKKAM sold by the Ministry of Finance are automatically admitted to
circulation on the KASE secondary market under the trade code indicated in the
table.
[2008-09-26]