/KASE, March 30, 09/ - Kazakhstan Stock Exchange (KASE) informs that on
March 30, 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-192
National identification number: KZKAKY160018
Issue order number: 1/192
Trade code on KASE: MUJ192_0001
Face value, tenge: 1,000.00
Payment date: March 30, 2009
Circulation start date: March 30, 2009
Last circulation date: March 29, 2025
Maturity date: March 30, 2025
Circulation term: 16 years (5,760 days)
Coupon payment period: 1 time a year*
Coupon payment schedule: 1 April 7, 2010
2 April 7, 2011
3 April 6, 2012
4 April 5, 2013
5 April 7, 2014
6 April 7, 2015
7 April 7, 2016
8 April 7, 2017
9 April 6, 2018
10 April 5, 2019
11 April 7, 2020
12 April 7, 2021
13 April 7, 2022
14 April 7, 2023
15 April 5, 2024
16 April 7, 2025
Time base: 30/360
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* fifth working day of each month in each full
12 calendar months of circulation.
PLACEMENT TERMS:
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Declared placement volume, m. tenge: 10,000.0
Trade subject: fixed coupon
Special terms on trade subject: must exceed or equal 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: till 15:00 (Т+0)
Payment time: till 15:00 (Т+0)
Order satisfaction method: at cut-off price (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 7
Submitted orders (total / active): 10 / 9
Active order volume*, m. tenge: 19,130.0
Ask to bid, %: 191.3
Fixed coupon rate as on confirmed orders, % APR:
- minimum: 0.01
- maximum: 1.50
- weighted average: 0.1007
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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: 15,000,000
Satisfied orders volume, % of planned: 150.0
Striking rate (coupon fixed rate, % APR): 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-192 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 March 1, 2008
through March 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, Placement, Servicing
and Maturity of Government Treasury Obligations of the Republic of
Kazakhstan (Rules of Issue,
http://www.kase.kz/files/mix/newgko.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 Placement 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.
[2009-03-30]