/KASE, September 23, 09/ - Kazakhstan Stock Exchange (KASE) government
long-term treasury bonds of the Kazakhstan Finance Ministry (MEUKAM) in
the KASE trading system on September 23, 2009. Below are the main
parameters of issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-108
National identification number: KZKDKY090022
Issue order number: 2 / 108
KASE trade code: MUM108_0002
Nominal value, tenge: 1,000.00
Payment date: September 23, 09
First circulation date: September 23, 09
Last circulation date: September 22, 18
Maturity date: September 23, 18
Circulation term: 9 years (3,240 days)
Coupon payment period: once a year
Coupon payment date: September 23 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared volume, m tenge: 15,000.0
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: till 15:00 (Т+0)
Payment time: till 15:00 (Т+0)
Orders satisfaction method: at cut-off price (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 13
Submitted orders (total / active): 20 / 20
including:
- limited: 17
- market: 3
Volume of active orders*, m tenge: 8,516.0
including:
- limited: 7,816.0
- market: 700.0
Ask to bid, %: 56.8
Coupon rate on submitted orders, % APR (total / active):
- minimum 6.00
- maximum 8.75
- weighted average 7.0496
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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: 4,060,000
Accepted orders, % of plan: 27.1
Coupon rate, % APR: 6.50
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Pension market entities constituted for 44.0 % of orders, Kazakhstan second-tier
banks (STB) - 38.8 %, STB clients - 6.5 %, brokerage and dealer companies -
4.7 %, their clients - 6.0 %.
According to Central Securities Depository (Almaty) data all deals on placement
of MEUKAM-108 of the second issue by the end settlement were executed.
43.1 % of bonds were bout back by pension market entities, 3941 % - STB,
4.9 % - brokerage and dealer companies, brokerage and dealer companies
clients - 12.6 %.
MEUKAM sold by the Finance Ministry shall be automatically admitted to
circulation on the KASE secondary market under the trade code indicated in the
table. At that, 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
[2009-09-23]