/KASE, March 25, 09/ - Kazakhstan Stock Exchange (KASE) informs that on
March 25, 2009 the specialized trades on offering of government long-term
treasury obligations of the Ministry of Finance of the Republic of
Kazakhstan (MEUKAM) was held in KASE trade system. The main issue
parameters, offering terms and results are represented below.
ISSUE PARAMETERS:
-------------------------------------------------------- -----------------------
Security type: MEUKAM-96
National identification number: KZKDKY080023
Issue serial number: 2/96
KASE trading code: MUM096_0002
Face value, KZT: 1,000.00
Date of offering: March 25, 2009
Circulation start date: March 25, 2009
Last circulation day: March 24, 2017
Maturity date: March 25, 2017
Circulation period: 8 years (2,880 days)
Periodicity of coupon payment: 1 time a year
Schedule of coupon payments: March 25 annually
Time basis 30/360
-------------------------------------------------------- -----------------------
OFFERING TERMS:
-------------------------------------------------------- -----------------------
Announced volume KZT m.: 5,000.0
Trades object: coupon rate
Stake of market orders satisfaction, %: 0
Orders submission method: closed
Orders acceptance 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 (rate)
-------------------------------------------------------- -----------------------
DEMAND PARAMETERS:
-------------------------------------------------------- -----------------------
Number of participants - primary dealers: 14
Number of bids submitted (total / active): 26 / 24
Volume of active orders*, m. KZT: 9,460.0
Demand to supply %: 189.2
Coupon rate on submitted orders, % APR (all / active):
- minimum 8.00 / 8.00
- maximum 9.50 / 9.50
- weighted average 8.7368 / 8.7346
--------------------------------------------------------------------------------
*active orders - orders not annulled by trades participants by the moment of
bids submission period expiration, including those, confirmed by participants
of Confirmation system; the amount according to market bids is calculated by
weighted price of the demand
RESULTS OF OFFERING:
--------------------------------------------------------------------------------
Volume of satisfied orders, tenge: 840,000,000.00
Volume of satisfied orders, bonds: 840,000
Volume of satisfied orders, % from plan: 16.8
Coupon rate, % APR: 8.20
--------------------------------------------------------------------------------
In the total volume of active orders the stake of pension market subjects made up
57.3%, Kazakhstan second tier banks (STB) - 16.9%, brokerage and dealers
companies - 11.8%, clients of brokerage and dealers companies - 14.0%.
According to Central Securities Depositary (Almaty) all deals on offering of
MEUKAM-96 of the second issue at the moment of completion of settlements by
trades results were executed. 97.6% from the total number of placed bonds were
re-purchased by pension market subjects, 2.4 % - by clients of brokerage and
dealers organizations.
Sold by the Ministry of Finance MEUKAM are automatically admitted to circulation
on the KASE secondary market under indicated in the table trading code. At that
bonds should be quoted in KASE trade system in net prices.
MEUKAM were 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.
[2009-03-25]