/KASE, June 29, 09/ - Kazakhstan Stock Exchange (KASE) informs government
long-term treasury obligations of Kazakhstan Finance Ministry (MEUJKAM)
were placed at special trade on June 29, 2009 in the KASE trading system on the
terms as below (Almaty time).
ISSUE PARAMETERS
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Security type: MEUJKAM-216
National identification number: KZKAKY180016
Issue order number: 1/216
KASE trade code: MUJ216_0001
Nominal value, tenge: 1,000.00
Payment date: 29.06.2009
First circulation date: 29.06.2009
Last circulation date: 28.06.2027
Maturity date: 29.06.2027
Circulation term: 18 years (6,480 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 07.07.2010
2 07.07.2011
3 06.07.2012
4 05.07.2013
5 07.07.2014
6 07.07.2015
7 07.07.2016
8 07.07.2017
9 06.07.2018
10 05.07.2019
11 07.07.2020
12 07.07.2021
13 07.07.2022
14 07.07.2023
15 05.07.2024
16 07.07.2025
17 07.07.2026
18 07.07.2027
Time base: 30/360
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* on the fifth business day of a month in each 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: exceeds null
Market order satisfaction degree, %: 70
Order submission method: closed
Order receipt time: 09:00-11:00
Order confirmation time: 09:00-11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Order satisfaction method: at striking price
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ASK PARAMETERS:
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Participants - primary dealers: 8
Submitted orders (total / active): 11 / 11
Including:
- limited: 4
- market: 7
Volume of active orders*, m tenge: 28,050.0
including:
- limited: 6,750.0
- market: 21,300.0
Ask to bid, %: 280.5
Rate of fixed coupon on confirmed orders, % APR:
- minimum: 0.01
- maximum: 0.01
- weighted average: 0.01
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* active orders - orders, not annulled by trade participants
on expiry of order submission period, including that 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 (fixed coupon rate), % APR: 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-216 of the first issue by the end of settlement on trade results were
executed.
The money invested in MEUJKAM shall be indexed through calculation of an
indexed coupon received as a sum of fixed coupon determined at placement and
inflation index for the elapsed coupon period.
Current inflation index value for the last full 12 months (from June 1, 2008
through June 1, 2009), on the basis of monthly consumer indexes released by the
Agency of the Republic of Kazakhstan for statistics reached 108.4031. This
means forecast yield to maturity of placed bonds currently is estimated at
8.41 % APR on conditions of interpolation of a received coupon rate for the
entire circulation period.
MEUJKAM are government bonds, placed among accumulative pension funds of
the Republic of Kazakhstan. During the half of the circulation period MEUJAKM
may circulate only among pension funds. Then the bonds will circulate freely on
the market.
Placed MEUJKAM shall automatically be admitted to circulation on the KASE
secondary market under the trade code in the table. At that the bonds shall be
quoted in the KASE trading system in "dirty" prices.
The text of the Rules on Issue, Placement, Circulation, Service and Maturity of
Government Treasury Obligations of Republic of Kazakhstan is available at:
http://www.kase.kz/files/mix/newgko_eng.pdf
The text of the Rules on Placement of Government Treasury Obligations of
Republic of Kazakhstan is available at the KASE website at:
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2009-06-29]