/KASE, January 28, 09/ - Kazakhstan Stock Exchange (KASE) informed that
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 January 28, 2009. 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: KZK2KY050294
Issue order number: 29/60
KASE trade code: MOM060_0029
Nominal value, tenge: 1000.00
Payment date: January 28, 2009
First circulation date: January 28, 2009
Last circulation date: January 27, 2014
Maturity date: January 28, 2014
Circulation term: 5 years (1800 days)
Coupon payment period: 2 times a year
Schedule of up coming coupon payments: 1 July 28, 2009
2 January 28, 2010
3 July 28, 2010
4 January 28, 2011
5 July 28, 2011
6 January 28, 2012
7 July 28, 2012
8 January 28, 2013
9 28.07.2013
10 28.01.2014
Time base: 30/360
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PLACEMENT TERMS:
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Announced volume of offering, KZT m.: 10,000.0
Trade subject: coupon rate
Market order satisfaction stake, %: 30
Orders submission method: closed
Orders submission time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Cut-off time: till 15:00 (Т+0)
Payment time: till 15:00 (Т+0)
Orders satisfaction method: at cut-off price
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DEMAND PARAMETERS:
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Participants - primary dealers: 5
Number of submitted orders (total / active): 11 / 10
Including:
- limited: 7 / 6
- market: 4 / 4
Active orders volume*, m. tenge: 8620.0
Including:
- limited: 5020.0
- market: 3600.0
Ask to bid, %: 86,2
Coupon rate on submitted limited orders, % APR:
- minimum: 8.50 / 8.50
- maximum: 9.00 / 9.00
- weighted average: 8.7301 / 8.7291
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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: 6,100,000,000.00
Satisfied orders / bonds volume: 6,100,000
Satisfied orders volume, % of the plan: 61.0
Coupon, % APR: 8.70
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The total of active orders, pension market comprised - 24.4 %, second-tier banks
clients (STB) - 69,6 %, brokerage and dealer companies -5.8 %, clients of
brokerage and dealer companies - 0,2 %.
13.3 % from the total volume of placed bonds were re-purchased by pension
market subjects, 82.3 % - STB clients, 4.1 % - brokerage and dealer companies,
0.3 % - clients of brokerage and dealer companies.
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.
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.
[2009-01-28]