/KASE, October 29, 08/ - Kazakhstan Stock Exchange (KASE) informs that
government middle-term treasury obligations of the Ministry of Finance of
the Republic of Kazakhstan (MEOKAM) were placed on KASE through
specialized trades in the KASE trading system October 29, 2008. Below are the
main parameters of issue, terms and results of offering (Almaty time).
ISSUE PARAMETERS
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Security type MEOKAM-60
National identification number: KZK2KY050278
Issue order number: 27/60
KASE trade code: MOM060_0027
Nominal value, tenge: 1000,00
Time base: 30/360
Placement date: 29.10.2008
Circulation beginning date 29.10.2008
Circulation last date 28.10.2013
Maturity: 29.10.2013
Circulation term: 5 years (1800 days)
Coupon payment period: 2 times a year
Upcoming payment schedule: 1 29.10.2009
2 29.10.2009
3 29.04.2010
4 29.10.2010
4 29.04.2011
5 29.10.2011
5 29.04.2012
4 29.10.2012
5 29.04.2013
6 29.10.2013
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PLACEMENT TERMS
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Authorized volume, m. tenge: 7000.0
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 orders satisfaction stake, %: 70
Payment date: 29.10.2008
Payment time: before 15:00 (Т+0)
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ASK PARAMETERS:
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participants - primary dealers: 13
Number of submitted orders (total / active): 51 / 47
including:
- limited: 42 / 38
- market: 9 / 9
Volume of active orders*, m. tenge: 30,342.0
including:
- limited: 19,937.0
- market: 10,405.0
Ask to bid, %: 433.5
Coupon rate on submitted limited orders, % APR:
- minimum: 7.0000 / 7.0000
- maximum: 12.0000 / 11.0000
- weighted average: 9.8823 / 9.6672
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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 by
Confirmation system participants. PLACEMENT RESULTS:
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Volume of satisfied orders, tenge: 7,290,000,000.00
Volume of satisfied orders, bonds: 7,290,000
Volume of satisfied orders, % of plan: 104.1
Coupon rate, % APR: 8.7500
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In the total volume of active orders the stake of pension market entities
constituted for 54.2 %, STB - 15.1 %, clients of STB - 23.6 %, broker and dealer
companies - 2.0 %, broker and dealer companies` clients - 5.1 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-60 of 27th issue were executed by the beginning of settlement end.
14.0 % of placed bonds were purchased by pension market entities, 27.4 % -
STB, 48.1 % - clients of STB, 5.5 % - broker and dealer companies, 5.0 % -
broker and dealer companies' clients.
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 of Kazakhstan are automatically
admitted to circulation on KASE secondary market under the trade code in the
table. The bonds must be quoted in net prices in the KASE trading system.
[2008-10-29]