/KASE, September 17, 09/ - Kazakhstan Stock Exchange (KASE) informed
KASE held a special trade and placed government short-term treasury
obligations of the Kazakhstan Finance Ministry (MEKKAM) in the KASE
trading system September 17, 2009 on the terms as below (discount bonds,
Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-9
National identification number: KZK1KM090146
Issue order number: 14 / 9
KASE trade code: MКM009_0014
Nominal value, tenge: 100.00
Payment date: 17.09.09
First circulation date: 17.09.09
Last circulation date: 16.06.10
Maturity date: 17.06.10
Circulation term: 273 days
Time base: actual / actual
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PLACEMENT TERMS:
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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: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Limit order acceptance method: at submitted price
Market order acceptance method: at wav price
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ASK PARAMETERS:
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Participants - primary dealers: 12
Submitted orders (total / active): 46 / 37
including:
- limited: 38 / 31
- market: 8 / 6
Active orders*, m tenge: 20,485.5
Ask to bid, %: 142.1
Price on submitted orders, % (all / active):
- minimum 95.7051 / 95.7051
- maximum 97.4490 / 97.4490
- weighted average 96.1954 / 96.1399
Yield on submitted orders, % APR (all / active):
- minimum 3.5000 / 3.5000
- maximum 6.0000 / 6.0000
- weighted average 5.2879 / 5.3682
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* 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:
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Accepted orders, bonds: 74,580,000
Accepted orders, tenge: 7,215,719,472.50
Accepted orders, % of plan: 49.7
Price in accepted orders, %:
- minimum (striking): 96.4646
- maximum 97.4490
- weighted average: 96.7514
Bond yield to maturity for buyer, % APR:
- minimum: 3.5000
- maximum: 4.9001
- wav: 4.4892
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Pension market entities for 31.2 % of orders, Kazakhstan second-tier
banks (STB) - 52.1 %, STB clients - 5.7 %, brokerage and dealer companies -
0.7 %, their clients - 10.3 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-9 of 14th issue by the end of settlement were executed. 52.8 % of
placed bonds were purchased by pension market entities, 14.7 % - STB,
16.4 % - STB's clients, 16.1 % - clients of brokerage and dealer companies.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be
admitted to circulation on the secondary market under the trade code indicated
in the table.
The text of the Rules on issue, placement, circulation, service and maturity of
government treasury obligations of the Republic 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
[2009-09-17]