/KASE, October 1, 08/ - Kazakhstan Stock Exchange (KASE) informs that on
October 1, 2008 specialized trades on placement of government treasury
obligations of the Ministry of Finance of Republic of Kazakhstan (MEOKAM) were
held in the KASE trading system. Below are the main parameters of the issue,
terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-48
National identification number: KZK2KY040360
Issue order number: 36/48
KASE trade code: MOM048_0036
Nominal value, KZT: 1000.00
Time base: 30/360
Placement date: 01.10.2008
Circulation first date: 01.10.2008
Circulation last date: 30.09.2012
Maturity date: 01.10.2012
Circulation term: 4 years (1440 days)
Coupon payment period: 2 times a year
Upcoming coupon payment schedule: 1 01.04.2009
2 01.10.2009
3 01.04.2010
4 01.10.2010
5 01.04.2011
6 01.10.2011
7 01.04.2012
8 01.10.2012
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PLACEMENT TERMS:
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Declared volume, m. tenge: 10,000.0
Trade subject: 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 striking price (rate)
Market order satisfaction stake, %: 70
Payment date: 01.10.2008
Payment time: before 15:00 (Т+0)
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ASK PARAMETERS:
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Number of participants - primary dealers: 6
Number of submitted orders (total / active): 17 / 17
including:
- limited: 13
- market: 4
Volume of active orders*, m. tenge: 8,411.0
including:
- limited: 3,891.0
- market: 4,520.0
Ask to bid, %: 84.1
Coupon rate on submitted limited orders, % APR:
- minimum: 8.4500
- maximum: 9.5000
- weighted average: 9.0202
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* active orders - orders, non-annulled by trade participants
as at the
moment of expiry of order submission period, including those confirmed
by Confirmation system participants PLACEMENTS RESULTS:
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Volume of satisfied orders, KZT: 1,333,333,000.00
Volume of satisfied orders, bonds: 1,333,333
Volume of satisfied orders, % of the plan: 13.3
Coupon rate, % APR: 8.5500
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The total volume of active orders spread between pension market entities with
0.9 %, STB - 23.8 %, STB clients - 65.7 %, broker-dealer companies - 9.5 %,
their clients - 0.1 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-48 of 36th issue were executed by the time settlement ended. 0.3 % of
the total volume of placed bonds was purchased by pension market entities,
7.7 % - STB, 62.0 % - STB clients, 30.0 % -broker-dealer companies.
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.
MEOKAM sold by the Ministry of Finance are automatically admitted to circulation
on the KASE secondary market under the trade code indicated in the table. At
that the bonds must quote in the KASE trading system in net prices.
[2008-10-01]