/KASE, January 29, 09/ - Kazakhstan Stock Exchange (KASE) informs on
January 29, 2009 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 system on the terms as
below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-120
National identification number: KZKAKY100063
Issue order number: 6/120
KASE trade code: MUJ120_0006
Nominal value, tenge: 1000.00
Payment date: 29.01.2009
First date of circulation: 29.01.2009
Last date of circulation: 28.01.2019
Maturity date: 29.01.2019
Circulation term: 10 years (3600 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 05.02.2010
2 07.02.2011
3 07.02.2012
4 07.02.2013
5 07.02.2014
6 06.02.2015
7 05.02.2016
8 07.02.2017
9 07.02.2018
10 07.02.2019
Time base: 30/360
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PLACEMENT TERMS:
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Announced volume, m. tenge: 12,000.0
Subject of trade: fixed coupon
Specific terms on subject of trade: exceeds zero
Market orders satisfaction share, %: 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: до 15:00 (Т+0)
Order satisfaction method: by striking price
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ASK PARAMETERS:
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Participants - primary dealers: 4
Submitted orders (total / active): 11 / 9
Including:
- limited: 7 / 7
- market: 4 / 2
Volume of active orders*, m. tenge: 6100.0
Including:
- limited: 4100.0
- market: 2000.0
Ask to bid, %: 50.8
Fixed coupon rate on confirmed orders, % APR:
- minimum: 0.01
- maximum: 8.00
- weighted average: 3.9276
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* active orders - orders, not annulled by trade participants
at the moment of
expiry of the order submission period, including those confirmed
by Confirmation system participants. PLACEMENT RESULTS:
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Striking rate (coupon fixed rate, % APR): 0.01
Order satisfaction volume, m. tenge: 1000.0
Placement volume, % of planned: 8.3
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*on the fifth business day of the month each 12 full calendar circulation
months.
According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-120 of the sixth issue by the moment of ending of settlements on
results of trades were executed.
The money in deposited MEUJKAM is indexed through calculation of the indexed
coupon received from a sum of a fixed coupon determined at placement and
inflation index for the elapsed coupon period.
Current inflation index value for the last full 12 months (from January 1, 2008
through January 1, 2009), on the basis of monthly consumer indices released by
the Agency of the Republic of Kazakhstan for statistics made up 109.4843. This
means a planned yield to maturity of placed bonds currently is estimated at
9.49 % APR on conditions of interpolation of the received coupon rate for the
entire circulation period.
Placed MEUJKAM shall be automatically admitted to circulation on the KASE
secondary market under the trade code indicated in the table. At that, bonds
shall be quoted in "dirty" prices in the KASE trading system.
MEIJKAM are government bonds, placed among accumulative pension funds of
the Republic of Kazakhstan. MEUJAKM shall circulate among APFs only for half
a circulation period and be released for free circulation thereafter.
Details on MEUJKAM are provided in the Rules on Issue, Placement, Service
and Maturity of Government 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 on September 8, 2004
and effective January 1, 2005.
[2009-01-29]