/KASE, April 1, 09/ - Kazakhstan Stock Exchange (KASE) informed on April 1,
2009 government long-term treasury obligations of the Ministry of Finance
of the Republic of Kazakhstan (MEUKAM) were placed in the KASE trading
system at special trades. Below are the main parameters of issue, terms and
results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-72
National identification number: KZKDKY060041
Issue serial number: 4/72
Trade code on KASE: MUM072_0004
Face value, tenge: 1,000.00
Payment date: 01.04.2009
Circulation start date: 01.04.2009
Circulation last date: 31.03.2015
Maturity date: 01.04.2015
Circulation term: 6 years (2160 days)
Coupon payment periodicity: annually
Coupon payment dates: April 1 annually
Time base: 30/360
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PLACEMENT TERMS:
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Declared offering volume, m. tenge: 5,000.0
Trade subject: coupon rate
Market orders satisfaction stake, %: 0
Orders submission method: closed
Orders receipt time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Striking time: through 15:00 (Т+0)
Payment time: through 15:00 (Т+0)
Orders satisfaction method: at cut-off (rate) price
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ASK PARAMETERS:
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Participants - primary dealers: 16
Submitted orders (total / active): 43 / 34
Volume of active orders*, m. tenge: 14,704.0
Ask to bid, %: 294.1
Coupon rate on submitted orders, % APR (all / active):
- minimum 7.80 / 7.80
- maximum 8.75 / 8.75
- weighted average 8.5246 / 8.4322
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* active orders - orders, not annulled by trade participants
on expiry of order submission period, including those confirmed
by Confirmation system participants. PLACEMENT RESULTS:
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Satisfied orders volume, bonds: 3,720,000
Satisfied orders volume, % of planned: 74.4
Coupon rate, % APR: 8.20
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The total of active orders breaks down onto pension market entities 23.3 %,
Kazakhstan commercial banks (STB) - 13.6 %, STB clients - 40.8 %, broker and
dealer companies - 7.4 %, their clients - 14.8 %.
According to data of Central Securities Depository (Almaty) all deals on
placement of MEUKAM-72 of the fourth issue by the end of settlements on trades
were executed. 36.0 % of the total of placed bonds was redeemed by pension
market entities, 24.2 % - STB, 8.1 % - broker and dealer companies, 31.7 % -
clients of broker and dealer companies.
The MEUKAM sold by the Ministry of Finance shall be automatically admitted to
circulation on the KASE secondary market under the trade code indicated in the
table. At that bonds must be quoted in the KASE trading system in net prices.
MEUKAM are issued in compliance with Rules on Issue, Placement, 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 # 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 KASE Council decision of December 29, 2004.
[2009-04-01]