/KASE, December 3, 08/ - Kazakhstan Stock Exchange (KASE) informed
specialized trades on placement of government mid-term treasury obligations
of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM) were
held in the exchange trading system December 3, 2008. Below are the main
parameters of issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-60
National identification number: KZK2KY050286
Issue order number: 28/60
KASE trade code: MOM060_0028
Face value, tenge: 1000.00
Time base: 30/360
Placement date: 03.12.2008
Circulation start date: 03.12.2008
Circulation last date: 02.12.2013
Maturity: 03.12.2013
Circulation term: 5 years (1800 days)
Coupon payment period: 2 times a year
Upcoming coupon payment schedule: 1 03.06.2009
2 03.12.2009
3 03.06.2010
4 03.12.2010
5 03.06.2011
6 03.12.2011
7 03.06.2012
8 03.12.2012
9 03.06.2013
10 03.12.2013
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PLACEMENT TERMS:
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Authorized volume, m. tenge: 9000.0
Subject of trade: 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 (rate) price
Market order satisfaction stake, %: 70
Payment date: 03.12.2008
Payment time: before 15:00 (Т+0)
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ASK PARAMETERS:
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Participants - primary dealers: 4
Number of submitted orders (total / active): 15 / 14
Including:
- limited: 9 / 9
- market: 6 / 5
Active orders volume*, m. tenge: 3150.0
Including:
- limited: 1900.0
- market: 1250.0
Ask to bid, %: 35,0
Coupon rate on submitted limited orders, % APR:
- minimum: 8.5000
- maximum: 9.0000
- weighted average: 8.6763
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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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Satisfied orders volume, tenge: 2,450,000,000.00
Satisfied orders / bonds volume: 2,450,000
Satisfied orders volume, % of the plan: 27.2
Coupon, % APR: 8.7000
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The total of active orders was comprised of pension market entities - 27.0 %,
STB - 31.8 %, brokerage and dealer companies - 31.8 %, clients of brokerage
and dealer companies - 9.5 %.
30.6 % of the offered bonds were redeemed by pension market entities, 40.8 % -
STB, 28.6 % - brokerage and dealer companies.
MEOKAM were issued in accordance with the Rules on Issue, Placement,
Service and Maturity of State Treasury Obligations of the Republic of
Kazakhstan (
http://www.kase.kz/files/mix/newgko.pdf), approved by resolution
No. 941 of the Government of the Republic of Kazakhstan of September 8, 2004,
and placed in accordance with the Rules on Placement of State Treasury
Obligations of the Republic of Kazakhstan
(
http://www.kase.kz/files/normative_base/mekam_placement.pdf), approved by
the Exchange Council decision on December 29, 2004.
MEOKAM sold by the Ministry of Finance are automatically admitted to circulation
on the secondary KASE market under the code indicated in the table. At that the
bonds must be quoted in net prices in the KASE trading system.
[2008-12-03]