/KASE, September 16, 09/ - Kazakhstan Stock Exchange (KASE) government
long-term treasury bonds of the Kazakhstan Finance Ministry (MEUKAM) in
the KASE trading system September 16, 2009. Below are the main parameters
of issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
------------------------------------------------------------- -----------------
Security type: МЕККАМ-12
National identification number: KZK1KY010992
Issue order number: 99 / 12
KASE trade code: MКM012_0099
Nominal value, tenge: 100.00
Payment date: 16.09.09
First circulation date: 16.09.09
Last circulation date: 15.09.10
Maturity date: 16.09.10
Circulation term: 365 days
Temporary base: actual / actual
------------------------------------------------------------- -----------------
PLACEMENT TERMS:
------------------------------------------------------------- -----------------
Declared volume, m tenge: 15 000.0
Trade subject: Bond price
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: до 15:00 (Т+0)
Payment time: до 15:00 (Т+0)
Orders satisfaction method: By offered price
------------------------------------------------------------- -----------------
ASK PARAMETERS:
------------------------------------------------------------- -----------------
Participants - primary dealers: 15
Submitted orders (total / active): 28 / 24
including:
- limited: 17 / 16
- market: 11 / 8
Volume of active orders*, m tenge: 17 279,6
including:
- limited: 4.410.0
- market: 1.070.1
Demand to offer, %: 121.0
Coupon rate on submitted orders, % APR (total / active):
- minimum 90.9091 / 90.9091
- maximum 97.0874 / 97.0874
- weighted average 95.2103 / 95.2058
Profitableness under summated orders, % annual (total/active)
- minimum 3.0000 / 3.0000
- maximum 10.0000 / 10.0000
- weighted average 5.0307 / 5.0356
-------------------------------------------------------------------------------
* active orders - orders, not annulled by trade participants
as at the moment of order submission expiry, including those confirmed
by Confirmation system participants. PLACEMENT RESULTS:
-------------------------------------------------------------------------------
Volume of accepted orders in bonds: 150,000,000
Volume of accepted orders, bonds in KTZ 14,340,776,299.30
Volume of accepted orders, % from the plan 100.0
Volume of accepted orders in percent, %:
- minimum 94.7867
- maximum 97.0874
- weighted average 95.6052
Profitableness of bonds for payment to customer, % annual:
- minimum 3.0000
- maximum 5.5000
- weighted average 4.5968
-------------------------------------------------------------------------------
In the total of active orders, the proportion of pension market subjects were
18.4%, the share of Kazakhstan's second level banks (STB) - 57.8%. clients of
STB - 18.7%. broker-dealer companies - 1.7% and their clients - 3.4%.
According to data of the Central Securities Depository JSC (Almaty) all
transactions on placement MEKKAM-12 Release-99 by the end of the
calculations based on trades executed. 19.4% from total volume of bonds were
purchased by agents of the pension market. 52.5% - BWI. 22.7% - STB clients.
1.3% - broker-dealer companies. 4.1% - clients of broker-dealer companies.
Sold by the Ministry of Finance MEKKAM automatically admitted to trading on
KASE secondary market for trading listed in the table code.
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
[2009-09-16]