/KASE, August 27, 09/ - Kazakhstan Stock Exchange (KASE) informed
government long-term savings treasury obligations of the Kazakhstan
Finance Ministry (MEUJKAM) were placed in the KASE trading system on
August 27, 2009 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-228
National identification number: KZKAKY190015
Issue order number: 1 / 228
KASE trade code: MUJ228_0001
Nominal value, tenge: 1,000.00
Payment date: 27.08.09
First circulation date: 27.08.09
Last circulation date: 26.08.28
Maturity date: 27.08.28
Circulation term: 19 years (6,840 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 07.09.10
2 07.09.11
3 07.09.12
4 06.09.13
5 05.09.14
6 07.09.15
7 07.09.16
8 07.09.17
9 07.09.18
10 06.09.19
11 07.09.20
12 07.09.21
13 07.09.22
14 07.09.23
15 06.09.24
16 05.09.25
17 07.09.26
18 07.09.27
19 07.09.28
Time base: 30 / 360
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* on the fifth day of a month each 12 full calendar months in circulation.
PLACEMENT TERMS:
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Declared volume, m tenge: 12,000.0
Trade subject: fixed coupon
Special terms on trade: Exceeds null
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: 11
Submitted orders (all / active): 20 / 17
including:
- limited: 8 / 5
- market: 12 / 12
Volume of active orders*, m tenge: 71,230.0
including:
- limited: 8,610.0
- market: 62,620.0
Ask to bid, %: 593.6
Fixed coupon rate on submitted 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, including those confirmed
by Confirmation system participants.
PLACEMENT RESULTS:
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Satisfied orders volume, bonds: 19,000,000
Volume of satisfied orders, % of plan: 158.3
Striking rate (fixed coupon rate), % APR: 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-228 of the first issue as on settlement end were executed.
Money invested in MEUJKAM shall be indexed through calculation of indexed
coupon resultant from sum of fixed coupon determined at placement, and
inflation rate for the elapsed coupon period.
Current index value for the last 12 months (August 1, 2008 through August 1,
2009), based on monthly consumer price indexes released by the Kazakhstan
Statistics Agency is 106.9066. This means, forecast yield to maturity of placed
bonds at the time being is estimated at 6.92 % APR provided interpolation of
resultant coupon rate for the entire circulation period.
MEUJKAM are government bonds, placed among accumulative pension funds of
Kazakhstan. During the first half of circulation MEUJKAM may circulate among
this category of investors only. Then bonds may freely circulate on the market.
Placed MEUJKAM shall automatically be admitted to circulation on the secondary
market under the trade code as in the table. Bonds shall be quoted in the KASE
trading system in "dirty" 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
[2009-08-27]