/KASE, February 11, 09/ - Kazakhstan Stock Exchange (KASE) informs that on
February 11, 2009, the trades on placement of government short-term
treasury obligations of the Ministry of Finance of the Republic of
Kazakhstan (MEKKAM) was held in the Exchange trading system, based on
below terms (discount bonds, ALT).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY010984
Serial number of issue: 98/12
KASE trading code: MKM012_0098
Face value. KZT: 100.00
Date of placement: February 11, 09
Circulation start date: February 11, 09
Circulation last day: February 10, 10
Date of maturity: February 11, 10
Circulation period: 365 days
Time base: actual/actual
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PLACEMENT TERMS:
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Placement volume. m. KZT: 5000.0
Subject of trades: bond price
The stake of satisfied market bids, %: 0
Orders submission method: closed
Time of orders acceptance: 09:00-11:00
Time of orders confirmation: 09:00-11:30 (Т+0)
Cut-off time: till 15:00 (Т+0)
Payment time: till 15:00 (T+0)
Methods of orders satisfaction: at announced price
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DEMAND PARAMETERS:
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Number of participants - primary dealers: 4
Number of submitted orders (total /active): 8 / 7
Volume of active orders*, KZT, m.: 7393.6
Demand to supply, %: 159.0
Prices on submitted limited orders, % (total/active):
- minimum: 91.7431 / 91.7431
- maximum: 93.0233 / 93.0233
- weighted average: 92.9824 / 92.9782
Yield on submitted limited orders, % APR (total /active):
- minimum: 7.4999 / 7.4999
- maximum: 9.0000 / 9.0000
- weighted average: 7.5473 / 7.5521
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*active orders - orders, uncancelled trades participants
at the moment of expiry of orders submission period, including confirmed
by the Confirmation System participant; the amount on market orders
is calculated at the weighted average price of active limited orders.
PLACEMENT RESULTS*:
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Volume of satisfied orders, securities: 76,720,000
Volume of satisfied orders, KZT: 7,136,747,576.00
Volume of satisfied orders, % to plan: 153.4
Net price in satisfied orders, %: 93.0233
Yield of bonds to repayment for a buyer, %
APR: 7.4999
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In the total volume of active orders, the pension market stake - 17.0 %, the
second-tier banks (STB) - 6.3 %, the clients of STB - 76.7 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-12 of issue 98 by the moment of settlements completion by trades
results were satisfied. 14.0 % from the total number of placed bonds were re-
purchased by the pension market subject, 6.5 % - by STB, 79.5 % - by clients of
STB.
Sold by the Ministry of Finance MEKKAM are automatically admitted to circulation
on the KASE secondary market under indicated in the table trading code.
MEKKAM are issued in compliance with Rules of Issue, Placement, Servicing
and Maturity of Government Treasury Obligations of the Republic of
Kazakhstan (
http://www.kase.kz/files/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/files/normative_base/mekam_placement.pdf) approved by
the decision of KASE Council on December 29, 2004.
[2009-02-11]