In March 2009 volume of GS trades on KASE, including offering, grew 40.4 % to KZT82.4 bn. ($546.6 m.)

/IRBIS, Dinara Mukasheva, April 10, 09/ - In March 2009 on Kazakhstan Stock Exchange (KASE) 167 deals were registered in government securities (GS) purchase and sale sector, including offering for the total of KZT82,399.5 m. (equivalent of $546.6 m.), that was 4.3 % of the total trade volume at KASE (in February 2009 - 2.1 %). Relative to February 2009 trade volume in March increased by 40.4 %. Relative to March 2008 increased by 24.8 %. In March the Ministry of Finance carried out five auctions on offering bonds. March 4 auction on offering government long-term treasury obligations of Ministry of Finance of Republic of Kazakhstan MEOKAM-24 of 76th issue (KZK2KY020768, MOM024_0076; KZT1 000, 04.03.09 - 04.03.11, 30/360) was held in the KASE trade system. Coupon rate was the subject of trade. Initially, KZT5,000.0 m. was planned to be offered. 6 primary dealers participated in the trades, having submitted 13 active bids. Total volume of active bids (volume of demand) made KZT22,690.0 m. in debt nominal expression (453.8% from suggested volume of bonds). The rate of coupon varied from 8.00 % APR to 9.00 % APR, making in average weighted expression 8.10 % APR. By results of trade, the issuer set the rate of coupon at 8.00% APR and satisfied bids for the total of KZT15,000.0 m.(300.0 % from the suggested volume of bonds). March 11 auction on offering government long-term treasury obligations of Ministry of Finance of Republic of Kazakhstan MEUKAM-84 of the 4th issue (KZKDKY070040, MUM084_0004; KZT1 000, 11.03.09 - 11.03.16, 30/360) was held in the KASE trade system. Coupon rate was the subject of trade. Initially, KZT5,000.0 m. was planned to be offered. 8 primary dealers participated in the trades, having submitted 17 active bids. The total volume of active bids (volume of demand) made KZT18,170.0 m. at bonds face value (363.4 % from suggested volume of bonds). The rate of coupon varied from 8.20 % APR to 8.75 % APR, making in average weighted expression 8.74 % APR. By results of trade, the issuer set the rate of coupon at 8.75% APR and satisfied bids for the total of KZT15,000.0 m.(300.0 % from the suggested volume of bonds). March 18 auction on offering government long-term treasury obligations of Ministry of Finance of Republic of Kazakhstan MEOKAM-36 of 71st issue (KZK2KY030718, MOM036_0071; KZT1 000, 18.03.09 - 18.03.12, 30/360) was held in the KASE trade system. Coupon rate was the subject of trade. Initially, KZT5,000.0 m. was planned to be offered. 9 primary dealers participated in the trades, having submitted 18 active bids. Total volume of active bids (volume of demand) made KZT18,650.0 m. at bonds face value (373.0% from suggested volume of bonds). The rate of coupon varied from 8.20 % APR to 8.60 % APR, making in average weighted expression 8.40 % APR. By results of trade, the issuer set the rate of coupon at 8.40% APR and satisfied bids for the total of KZT15,000.0 m.(300.0 % from the suggested volume of bonds). March 25 auction on offering government long-term treasury obligations of Ministry of Finance of Republic of Kazakhstan MEUKAM-96 of the 2nd issue (KZKDKY080023, MUM096_0002; KZT1 000, 25.03.09 - 25.03.17, 30/360) was held in the KASE trade system. Coupon rate was the subject of trade. Initially, KZT5,000.0 m. was planned to be offered. 14 primary dealers participated in the trades, having submitted 24 active bids. The total volume of active bids (volume of demand) made KZT9,460.0 m. at bonds face value (189.2 % from suggested volume of bonds). The rate of coupon varied from 8.00 % APR to 9.50 % APR, making in average weighted expression 8.73 % APR. By results of trade, the issuer set the rate of coupon at 8.20% APR and satisfied bids for the total of KZT840.0 m. (16.8 % from the suggested volume of bonds). March 30 the auction on offering of government long-term savings treasury obligations of the Ministry of Finance of the Republic of Kazakhstan MEUJKAM-192 of 1st issue (KZKAKY160018, MUJ192_0001; KZT1 000, 30.03.09 - 30.03.25, 30/360) was held in KASE trade system. Fixed coupon was the subject of trade. Initially, KZT10,000.0 m. was planned to be offered. 7 primary dealers participated in the trades, having submitted 9 active bids. Total volume of active bids (volume of demand) made KZT19,130.0 m. at bonds` face value (191.3% from suggested volume of bonds). The rate of fixed coupon in bids varied from 0.01 % APR to 1.50 % APR, making in average weighted expression 0.10 % APR. By results of trade, the issuer set the rate of fixed coupon at 0.01 % APR, having satisfied bids at KZT15,000.0 m. (150.0 % from the suggested volume of bonds). Statistical indicators of GS secondary market in March 2009 are given in the table (in parentheses - comparative indicators of the previous month). ----------------------------------------------------------------------------- Yield to maturity for the buyer, %APR Term ------------------------------------- Volume, m. KZT Number till maturity min max last WA at market price of deals -------------- ------- ------- ------- ------------- --------------- -------- Discounted GS (KZT): MEKKAM, National Bank's notes - 38.4% (11.8%) of the market ----------------------------------------------------------------------------- Less than 8 3.00 3.00 3.00 3.00 (5.80) 266.3 1 8 - 14 6.30 8.00 8.00 7.07 (5.95) 4,053.3 12 15 - 28 3.00 8.92 3.00 4.53 (5.73) 523.2 6 29 - 36 6.50 8.00 8.00 7.42 2,978.6 11 43 - 56 8.25 8.25 8.25 8.25 89.0 1 57 - 63 7.00 7.00 7.00 7.00 49.4 1 92 - 181 6.50 7.00 6.50 6.75 329.3 2 -------------- ------- ------- ------- ------------- --------------- -------- Total 8,289.1 34 (3,319.3) (9) -------------- ------- ------- ------- ------------- --------------- -------- Coupon GS (KZT): MEOKAM, MEUKAM, MEUJKAM- 61.6% (88.2%) of the market ----------------------------------------------------------------------------- less than 730 7.00 8.30 7.90 7.73 (9.78) 1,357.1 19 731 - 1095 7.95 8.54 8.30 8.22 (8.80) 349.4 6 1096 - 1460 7.30 8.40 7.30 7.84 (8.49) 228.5 3 1461 - 1825 5.50 8.75 8.75 7.50 (8.36) 3,403.6 12 1826 - 2190 7.95 7.95 7.95 7.95 (6.58) 79.2 1 More than 2191 6.50 8.75 8.00 8.11 (6.92) 7,852.5 54 -------------- ------- ------- ------- ------------- --------------- -------- Total 13,270.4 95 (24,747.8) (114) -------------- ------- ------- ------- ------------- --------------- -------- GRANDTOTAL 21,559.5 129 (28,067.1) (123) ----------------------------------------------------------------------------- The stake of exchange turnover in total volume of purchase and sale deals of Kazakhstan GS secondary market in March 2009 made 46.3% (in February - 40.6 %). [2009-04-10]