On November 12, the Ministry of Finance of the Republic of Kazakhstan placed on KASE 14.1 m. MEUKAM-72 of the second issue (KZKDKY060728) at 8.75 % APR

12.11.08 20:25
/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: -------------------------------------------- ------------------------ 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 -------------------------------------------- ------------------------ OFFERING TERMS: -------------------------------------------- ------------------------ 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) -------------------------------------------- ------------------------ DEMAND PARAMETERS: -------------------------------------------- ------------------------ 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 ---------------------------------------------------------------------- * 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 ---------------------------------------------------------------------- Volume of satisfied bids, tenge: 14,100,000,000.00 Volume of satisfied bids, bonds: 14,100,000.00 Coupon rate, % APR: 8.75 ---------------------------------------------------------------------- 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]