/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:
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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
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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: 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)
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ASK PARAMETERS:
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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
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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: 15,000,000
Volume of satisfied orders, % of plan: 150.0
Striking rate (fixed coupon rate), % APR: 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-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]