On March 25, the Ministry of Finance of Kazakhstan placed on KASE 840.0 th. MEUKAM-96 of the second issue (KZKDKY080023) at 8.20 % APR
/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 ( see more 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 ( see more approved by the decision of KASE Council on December 29, 2004.
[2009-03-25]