/KASE, May 28, 09/ - Kazakhstan Stock Exchange (KASE) informs on May 28,
2009 government long-term treasury obligations of Kazakhstan Finance
Ministry (MEUJKAM) were placed in the KASE trading system at special trade
on the terms as above (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-204
National identification number: KZKAKY170017
Order issue number: 1 / 204
KASE trade code: MUJ204_0001
Nominal value, tenge: 1,000.00
Payment date: 28.05.2009
Circulation start date: 28.05.2009
Circulation last date: 27.05.2026
Maturity date: 28.05.2026
Circulation term: 17 years(6,120days)
Coupon payment period: once a year*
Coupon payment schedule: 1 07.06.2010
2 07.06.2011
3 07.06.2012
4 07.06.2013
5 06.06.2014
6 05.06.2015
7 07.06.2016
8 07.06.2017
9 07.06.2018
10 07.06.2019
11 05.06.2020
12 07.06.2021
13 07.06.2022
14 07.06.2023
15 07.06.2024
16 06.06.2025
17 05.06.2026
Time base: 30/360
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* on the fifth business day of a month, every 12 full calendar months
of circulation.
PLACEMENT TERMS:
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Declared offering volume, m. tenge: 10,000.0
Trade subject: fixed coupon
Special terms on trade subject: exceeds null
Market orders satisfaction stake, %: 70
Orders submission method: closed
Orders receipt time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Orders satisfaction method: at striking price
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ASK PARAMETERS:
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Participants - primary dealers: 12
Submitted orders (total / active): 21 / 17
including:
- limited: 10 / 9
- market: 11 / 8
Volume of active orders*, m. tenge: 31,245.0
including:
- limited: 17,560.0
- market: 13,685.0
Ask to bid, %: 312.5
Rate of fixed coupon on confirmed orders, % APR:
- minimum: 0.01
- maximum: 0.10
- weighted average: 0.0203
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*active orders - orders, not annulled by trade participants
on expiry of order submission, including those confirmed
by Confirmation system participants. PLACEMENT RESULTS:
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Volume of satisfied orders, bonds: 12,000,000
Volume of satisfied orders, % of plan: 120.0
Striking rate (coupon fixed rate), % APR: 0.01
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According to data of Central Securities Depository (Almaty) all deals on
placement of MEUJKAM-204 of the first issue at the end of settlements on the
trade were executed.
Money invested in MEUJKAM is indexed through calculation of indexed coupon,
which is a sum of fixed coupon, as at placement, and inflation index for the
elapsed coupon period.
Current index value for the last 12 months (May 1, 2008 through May 1, 2009),
based on monthly consumer indexes, released by the Kazakhstan Statistics
Agency is 108.7260. This means, forecast yield to maturity of placed bonds
currently is estimated at 8.74 % APR on condition of interpolation of received
coupon rate for the entire circulation period.
MEUJKAM are government bonds, placed among Kazakhstan pension funds.
MEUJKAM shall circulate among pension funds the first half of circulation period.
Then the bonds shall circulate freely.
Placed MEUJKAM shall be automatically admitted to circulation on KASE market
under the trade code as in the table. At that the bonds shall be quoted in dirty
prices.
The text of the Rules on issue, placement, circulation, service and maturity of
government treasury bonds of Kazakhstan is available at the KASE website at:
http://www.kase.kz/files/mix/newgko_eng.pdf
The text of the Rules on placement of government treasury bonds of Kazakhstan
shall is available at the KASE website at:
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
The text of the Regulation on methods of trade is available at the KASE website:
http://www.kase.kz/files/normative_base/methods_eng.pdf
[2009-05-28]