/KASE, August 26, 09/ - Kazakhstan Stock Exchange (KASE government long-
term treasury obligations of the Kazakhstan Finance Ministry (MEUKAM)
were placed in the KASE trading system on August 26, 2009. Below are the main
issue parameters, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-120
National identification number: KZKDKY100052
Issue order number: 5 / 120
KASE trade code: MUM120_0005
Nominal value, tenge: 1,000.00
Payment date: 26.08.09
First circulation date: 26.08.09
Last circulation date: 25.08.19
Maturity date: 26.08.19
Circulation term: 10 years (3,600 days)
Coupon payment period: once a year
Coupon payment date: August 26, annually
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 share, %: 70
Orders submission method: closed
Orders receipt time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Orders satisfaction method: At striking price (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 9
Submitted orders (all / active): 15 / 15
including:
- limited: 10
- market: 5
Volume of active orders*, m tenge: 19,195.0
including:
- limited: 8,260.0
- market: 10,935.0
Ask to bid, %: 160.0
Coupon rate on submitted orders, % APR:
- minimum 4.90
- maximum 12.00
- weighted average 9.5191
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* active orders - orders, not annulled by trade participants
on expiry of order submission, including those confirmed
by Confirmation system participants. PLACEMENT ORDERS:
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Satisfied orders volume, bonds: 10,866,666
Volume of satisfied orders, % of plan: 90.6
Coupon rate, % APR: 6.00
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Pension markets entities constituted for 42.5 %, Kazakhstan second-tier banks
(STB) - 15.6 %, STB's clients - 36.3 %, brokerage and dealer companies -
4.8 %, their clients - 0.8 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-120 of the fifth issue as on trade settlement end were executed.
20.3 % of the total volume of placed bonds was repurchased by pension market
entities, 19.2 % - STB, 50.6 % - STB's clients, 8.5 % - brokerage and dealer
companies, 1.4 % - clients of brokerage and dealer companies.
MEUKAM sold by the Kazakh Finance Ministry shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table.
The 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 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 KASE website at:
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2009-08-26]