July 30, Kazakhstan Finance Ministry placed 15.0 m MEUJKAM-204 of the second issue (KZKAKY170025) with margin 0.01 % above inflation

30.07.09 17:29
/KASE, July 30, 09/ - Kazakhstan Stock Exchange (KASE) informs government long-term treasury obligations of Kazakhstan Finance Ministry (MEUJKAM) were placed at special trade on July 30, 2009 in the KASE trading system on the terms as below (Almaty time). ISSUE PARAMETERS: ------------------------------------------------------ ------------------------ Security type: MEUJKAM-204 National identification number: KZKAKY170025 Order issue number: 2/204 KASE trade code: MUJ204_0002 Nominal value, tenge: 1,000.00 Payment date: July 30, 09 Circulation start date: July 30, 09 Circulation last date: July 29, 26 Maturity date: July 30, 26 Circulation term: 17 years (6,120 days) Coupon payment period: once a year* National identification number: August 6, 10 2 August 6, 11 3 August 6, 12 4 August 6, 13 5 August 6, 14 6 August 6, 15 7 August 6, 16 8 August 6, 17 9 August 6, 18 10 August 6, 19 11 August 6, 20 12 August 6, 21 13 August 6, 22 14 August 6, 23 15 August 6, 24 16 August 6, 25 17 August 6, 26 Time base: 30/360 ------------------------------------------------------ ------------------------ * on the fifth business day of a month in each 12 calendar months of circulation. PLACEMENT TERMS: -------------------------------------------------------------------------------- Declared placement volume, m tenge: 10,000.0 Trade subject: fixed coupon Special terms on trade subject: must not be less or equal zero 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: till 15:00 (Т+0) Payment time: till 15:00 (Т+0) Order satisfaction method: at cut-off price (rate) ------------------------------------------------------ ------------------------ ASK PARAMETERS: ------------------------------------------------------ ------------------------ Participants - primary dealers: 10 Submitted orders (total / active): 21 / 16 Including: - limited: 6 / 5 - market: 15 / 11 Volume of active orders*, m tenge: 53,700.0 including: - limited: 15,700.0 - market: 38,000.0 Ask to bid, %: 537.0 Rate of fixed coupon on confirmed orders, % APR: - minimum: 0.01 - maximum: 0.01 - weighted average: 0.0100 -------------------------------------------------------------------------------- * active orders - orders, not annulled by trade participants on expiry of order submission period, including that confirmed by Confirmation system participants. PLACEMENT RESULTS: -------------------------------------------------------------------------------- Volume of satisfied orders, bonds: 15,000,000 Volume of satisfied orders, % of plan: 150.0 Striking rate (fixed coupon rate), % APR: 0.01 -------------------------------------------------------------------------------- According to Central Securities Depository (Almaty) all deals on placement of MEUJKAM-204 of the second 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 July 1, 2008 through July 1, 2009), on the basis of monthly consumer indexes released by the Agency of the Republic of Kazakhstan for statistics reached 107.5461. This means forecast yield to maturity of placed bonds currently is estimated at 7.56 % 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.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 [2009-07-30]