/KASE, August 19, 09/ - Kazakhstan Stock Exchange (KASE) informed
government mid-term treasury obligations of Kazakhstan Finance Ministry
(MEOKAM) were placed at a special trade in the KASE trading system August
19, 2009 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-60
National identification number: KZK2KY050310
Issue order number: 31 / 60
KASE trade code: MOM060_0031
Nominal value, tenge: 1,000.00
Payment date: 19.08.09
First circulation date: 19.08.09
Last circulation date: 18.08.14
Maturity date: 19.08.14
Circulation time: 5 years (1,800 days)
Coupon payment period: 2 times a year
Coupon payment schedule: 1 19.02.10
2 19.08.10
3 19.02.11
4 19.08.11
5 19.02.12
6 19.08.12
7 19.02.13
8 19.08.13
9 19.02.14
10 19.08.14
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared volume, m tenge: 12,000.0
Trade subject: coupon rate
Market order satisfaction order, %: 70
Order submission method: closed
Order submission 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 (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 19
Submitted orders (total / active): 44 / 37
including:
- limited: 29 / 23
- market: 15 / 14
Volume of active orders*, m tenge: 18,122.5
Including:
- limited: 7,567.0
- market: 10,555.5
Ask to bid, %: 151.0
Coupon rate on submitted orders, % APR (all / active):
- minimum: 2.00 / 2.00
- maximum: 7.60 / 7.60
- weighted average: 5.2996 / 5.3309
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* active orders - orders, not annulled by trade participants
on expiry of order submission period, including confirmed
by Confirmation system participants. PLACEMENT RESULTS:
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Volume of satisfied orders, bonds: 12,223,333
Volume of satisfied orders, % of plan: 101.9
Coupon rate, % APR: 4.90
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Pension market entities constituted for 51.6 % of orders, Kazakhstan second-tier
banks (STB) - 28.7 %, STB clients - 13.3 %, brokerage and dealer companies
3.0 %, their clients - 3.5 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-60 of 31st issue by the end of settlement end were executed. 46.1 %
of the total volume of orders was redeemed by pension market entities, 29.8 % -
STB, 18.5 % - STB clients, 0.4 % - brokerage and dealer companies, 5.2 % -
clients of brokerage and dealer companies.
MEOKAM sold by the Ministry of Finance shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table.
At that bonds must be quoted in the KASE trading system in net prices.
The text of the Rules on issue, placement, circulation, service and maturity of
the government treasury obligations of Kazakhstan is available at the KASE
website at:
http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules on 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
[2009-08-19]