/KASE, February 26, 09/ - Kazakhstan Stock Exchange (KASE) informs that on
February 26, 2009 government long-term savings treasury obligations of
the Ministry of Finance of the Republic of Kazakhstan (MEUJKAM) were
placed in the KASE trading system through specialized trade on the terms as
below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-180
National identification number: KZKAKY150068
Issue order number: 6/180
Trade code on KASE: MUJ180_0006
Face value, tenge: 1000.00
Payment date: 26.02.2009
Circulation start date: 26.02.2009
Last circulation date: 25.02.2024
Maturity date: 26.02.2024
Circulation term: 15 years (5400 days)
Coupon payment period: annually*
Coupon payment schedule: 1 05.03.2010
2 07.03.2011
3 07.03.2012
4 07.03.2013
5 07.03.2014
6 06.03.2015
7 07.03.2016
8 07.03.2017
9 07.03.2018
10 07.03.2019
11 06.03.2020
12 05.03.2021
13 07.03.2022
14 07.03.2023
15 07.03.2024
Time base: 30/360
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PLACEMENT TERMS:
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Declared placement volume, m. tenge: 10,000.0
Trade subject: fixed coupon
Special terms on trade subject: exceeds zero
Market order satisfaction stake, %: 0
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: at striking price (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 9
Submitted orders (total / active): 17 / 17
Active order volume*, m. tenge: 19,677.0
Ask to bid, %: 196.8
Fixed coupon rate as on confirmed orders, % APR:
- minimum: 0.01
- maximum: 1.50
- weighted average: 0.2621
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* active orders - orders, not annulled by trade participants
as at
the moment of expiry of order submission period, including confirmed
by Confirmation system participants. PLACEMENT RESULTS:
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Satisfied orders volume, bonds: 15,677,000
Satisfied orders volume, % of planned: 156.8
Striking rate (coupon fixed rate, % APR): 0.01
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*on the fifth business day of the month in each 12 full calendar months of
circulation.
According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-180 of the sixth issue were executed by the moment settlements
ended.
According to the Rules of issue, money invested in MEUJAKM is indexed through
calculation of the indexed coupon received from sum of fixed coupon determined
at placement, and inflation index for the ended coupon period.
Current inflation index value for the last full 12 months (beginning February 1,
2008 through February 1, 2009), is calculated on the basis of monthly consumer
price indices released by the Agency of the Republic of Kazakhstan for
statistics made up 108.6179. This means, forecast yield to maturity of placed
bonds currently is estimated at 8.63 % APR on condition of interpolation of
received coupon rate for the entire circulation period.
MEUJKAM are state bonds placed among accumulative pension funds of the
Republic of Kazakhstan. During the first half of circulation MEUJKAM will
circulate only among this category of investors. Thereafter the bonds will
circulate freely on the market.
Placed MEUJKAM are automatically admitted to circulation on the KASE
secondary market under the trade code indicated in the table. At that the bonds
must be quoted in the KASE trading system in "dirty" prices.
MEUKAM are issued in accordance with Rules on Issue, Offering, Service and
Maturity of Government Treasury Obligations of the Republic of
Kazakhstan (Rules of Issue,
http://www.kase.kz/files/mix/newgko_eng.pdf),
approved by resolution No. 941 of the Government of the Republic of Kazakhstan
of September 8, 2004, and are offered according to the Rules on Offering of
Government Treasury Obligations of the Republic of Kazakhstan
(
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf), approved
by the KASE Council decision of December 29, 2004.
[2009-02-26]