/KASE, November 27, 08/ - Kazakhstan Stock Exchange (KASE) informs the
specialized trades on placement of government long-term savings treasury
obligations of the Ministry of Finance of the Republic of Kazakhstan
(MEUJKAM) were held in the KASE trading. The main issue, terms and results
parameters are specified below (Almaty time).
ISSUE PARAMETERS
------------------------------------------ --------------------
Security type: MEUJKAM-180
National identification number KZKAKY150058
KASE trade code: MUJ180_0005
Nominal value, tenge: 1000.00
Placement date: 27.11.2008
Beginning circulation date: 27.11.2008
Circulation last day: 26.11.2023
Maturity date: 27.11.2023
Circulation term: 15 years (5400 days)
Coupon payment period: annually*
Coupon payment schedule: 1 07.12.2009
2 07.12.2010
3 07.12.2011
4 07.12.2012
5 06.12.2013
6 05.12.2014
7 07.12.2015
8 07.12.2016
9 07.12.2017
10 07.12.2018
11 06.12.2019
12 07.12.2020
13 07.12.2021
14 07.12.2022
15 07.12.2023
Time base: 30/360
------------------------------------------ --------------------
PLACEMENT TERMS:
------------------------------------------ --------------------
Authorized volume, m. tenge: 12 000.0
Trade subject: fixed coupon
Special terms on trade subject: exceeds null
Market order satisfaction stake, %: 70
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)
Payment time: before 15:00 (Т+0)
Order satisfaction method: by striking price
------------------------------------------ --------------------
ASK PARAMETERS:
------------------------------------------ --------------------
Participants - primary dealers: 5
Submitted orders (total / active): 8 / 7
including:
- limited: 4 / 3
- market: 4 / 4
Volume of active orders*, m. tenge: 28,880.0
including:
- limited: 6450.0
- market: 22,430.0
Ask to bid, %: 240.7
Fixed coupon rate on confirmed orders, % APR:
- minimum: 0.01
- maximum: 1.00
- weighted average: 0.09
----------------------------------------------------------------
* active orders - orders not annulled by trade participants
at the
moment of expiry of orders submission, including those confirmed
by the Confirmation system participants PLACEMENT RESULTS:
----------------------------------------------------------------
Striking rate (fixed coupon rate, % APR): 0.01
Volume of satisfied orders, m. tenge: 12,000.0
Volume of placement, % of planned: 100.0
----------------------------------------------------------------
*on the fifth day of the month in every 12 full calendar months of circulation
According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-180 of the fifth issue as at the moment of settlement end were
executed.
MEUJKAM are government bonds placed among accumulative pension fund of
the Republic of Kazakhstan. A half of circulation period MEUJAKM may circulate
among this category of investors only. Then the bonds are placed free on the
market.
Indexation of the money invested into MAUJKAM is made by calculation of the
index coupon received from sum of fixed coupon determined at placement and
inflation index for the elapsed coupon period.
The current value of inflation index for the last 12 full months (November 1, 2007
through November 1, 2008), on the bases of monthly consumer indices published
by the Agency of the Republic of Kazakhstan for Statistics made up 113.8925.
This means that forecast yield to maturity of the placed bonds currently is
estimated at 13.90 % APR on condition of intercalation of the received coupon
rate for the entire securities circulation period.
Detailed information on MEUJKAM is available in Rules on Issue, Offering,
Servicing and Maturity of Government Treasury Obligations of the Republic
of Kazakhstan (Rules on 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 effective January 1, 2005.
The placed MEUJKAM are automatically admitted to circulation on the secondary
market of KASE under the trade code indicated in the table. At that the bonds
must be quoted in dirty prices in the KASE trading system.
[2008-11-27]