/KASE, July 22, 09/ - Kazakhstan Stock Exchange (KASE) informs government
long-term treasury obligations of Kazakhstan Finance Ministry (MEUKAM)
were placed at special trade in the KASE trading system on July 22, 2009. Below
are the main parameters of the issue, terms and results of placement (Almaty
time).
ISSUE PARAMETERS:
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Security type: MEUKAM-108
National identification number: KZKDKY090014
Issue order number: 1/108
KASE trade code: MUM108_0001
Nominal value, tenge: 1,000.00
Payment date: July 22, 09
First circulation date: July 22, 09
Last circulation date: July 21, 18
Maturity date: July 22, 18
Circulation term: 9 years (3,240 days)
Coupon payment: once a year
Coupon payment date: July 22 annually
Time base: 30/360
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PLACEMENT TERMS:
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Declared volume, m. tenge: 10,000.0
Trade subject: coupon rate
Market order satisfaction share, %: 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 cut-off price (rate)
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ASK PARAMETERS
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Participants - primary dealers: 15
Submitted orders (total / active): 34 / 34
Including:
- limited: 26
- market: 8
Volume of active orders*, m tenge: 21,453.0
including:
- limited: 10,137.0
- market: 11,316.0
Ask to bid, %: 214.5
Coupon rate on submitted orders, % APR (total / active):
- minimum 6.00
- maximum 7.50
- weighted average 6.5293
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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: 14,600,000
Volume of satisfied orders, % of plan: 146.0
Coupon rate, % APR: 6.20
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In the total volume of active the stake of: pension market entities - 32.2 %,
Kazakhstan STB - 32.6 %, STB clients - 22.4 %, and brokerage and dealer
companies - 5.8 %, their clients - 7.0 %.
According to data of Central Securities Depository (Almaty) all deals on
placement of MEUKAM-198 of the first issue by the end of settlements based on
trades results were executed. 36.1 % of the total volume of placed bonds was
purchased by pension market entities, 37.8 % - STB, 21.2 % - STB clients,
3.6 % - brokerage and dealer companies, 1.4 % - their clients.
MEUKAM sold by the Finance Ministry shall be automatically admitted to
circulation on the KASE secondary market under the code indicated in the table.
At that, bonds shall be quoted in the KASE trading system in net prices.
The text of the Rules on issue, placement, servicing and maturity of government
treasury obligations of the Republic of Kazakhstan is available at the KASE
website at:
http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules of placement of government treasury Obligations of the
Republic of Kazakhstan is available at the KASE website at:
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2009-07-22]