/KASE, November 12, 08/ - Kazakhstan Stock Exchange (KASE) informs
that on November 12 of 2008 the specialized trades on offering of
government long-term treasury obligations of the Ministry of Finance
of the Republic of Kazakhstan (MEUKAM) was held in KASE's trade
system based on below terms (Almaty time)
ISSUE PARAMETERS:
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Type of security: МЕUКАМ-72
National identification number: KZKDKY060728
Issue ordinal number: 2/72
Trade symbol on KASE: MUM072_0002
Face value, KZT: 1000.00
Date of placement: 12.11.2008
Circulation start date: 12.11.2008
Last circulation day: 11.11.2014
Maturity date: 12.11.2014
Circulation period: 6 years (2160 days)
Periodicity of coupon payment: once a year
Schedule of coupon payments: November 12 annually
Time basis 30/360
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OFFERING TERMS:
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Announced volume of offering, securities: 10,000.0
Trades object: Coupon rate
Bids submission method: closed
Bids acceptance time: 09:00 - 11:00
Bids confirmation time: 09:00 - 11:30 (Т+0)
Cut-off time: till 15:00 (Т+0)
Bids satisfaction method: At cut-off price (rate)
Stake of market bids satisfaction, %: 70
Payment date: November 12, 2008
Payment time: till 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 10
Number of bids submitted (total / active): 20 / 18
Including:
- limited: 13 / 12
- market: 7 / 6
Volume of active bids*, m. KZT: 18,331.0
Including:
- limited: 8731.0
- market: 9600.0
Demand to supply %: 183.3
Coupon rate on submitted orders, % APR (all / active):
minimal: 8.00 / 8.00
maximum: 12.00 / 12.00
weighted average: 9.3841 / 9.4281
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* active bids- bids not annulled by trades participants by the moment
of bids submission period expiration, including those, confirmed by
participants of Confirmation system; the amount according to market
bids is calculated by weighted price of the demand RESULTS OF OFFERING
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Volume of satisfied bids, tenge: 14,100,000,000.00
Volume of satisfied bids, bonds: 14,100,000.00
Coupon rate, % APR: 8.75
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In the total volume of active bids the stake of pension market subjects
totaled 25.9%, stake of Kazakhstan second tier banks (STB) - 23.5%, clients
of STB - 43.6 %, brokerage and dealers organizations - 6.6%, clients of
brokerage and dealers organizations - 0.4%.
According to Central Securities Depositary JSC (Almaty) all deals on
placement of MEUKAM-72 of the second issue at the moment of completion
of settlements by trades results were executed. 11.4% from the total
number of placed bonds were re-purchased by the pension market subjects,
24.8% - by STB, 56.7 % - by STB clients, 7.1 % - by brokerage and dealers
organizations.
MEUKAM were issued in compliance with Rules of Issue, Placement,
Servicing and Maturity of Government Treasury Obligations of the
Republic of Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by
resolution #941 of the Government of the Republic of Kazakhstan of
September 8, 2004, and are placed by Rules of Placement of Government
Treasury Instruments of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by
the decision of KASE Council on December 29, 2004.
Sold by the Ministry of Finance MEKKAM are automatically admitted to
circulation on the KASE secondary market under indicated in the table
trading code. At that bonds should be quoted in KASE trade system in net
prices.
[2008-11-12]