/KASE, September 24, 09/ - Kazakhstan Stock Exchange (KASE) held special
trade on placement of government short-term treasury obligations of the
Kazakhstan Finance Ministry (MEKKAM) on September 24, 2009 in the
KASE trading system on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-6
National identification number: KZK1KY061873
Issue order number: 187 / 6
KASE trade code: МКМ006_0187
Nominal value, tenge: 100.00
Payment date: 24.09.09
First circulation date: 24.09.09
Last circulation date: 23.03.10
Maturity date: 24.03.10
Circulation term: 181 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
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ASK PARAMETERS:
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Participants - primary dealers: 18
Submitted orders (total / active): 55 / 44
including:
- limit: 46 / 37
- market: 9 / 7
Volume of active orders*, m tenge: 150,731.8
Ask to bid, %: 1033.9
Price on submitted orders, % (all / active):
- minimum: 4.2500 / 96.6452
- maximum: 98.0550 / 98.0550
- weighted average: 76.1628 / 97.1893
Yield on submitted orders, % APR (all / active):
- minimum: 4.0000 / 4.0000
- maximum: 4543.2239 / 7.0000
- weighted average: 63.1143 / 5.8319
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* active orders - orders, not annulled by trade participants
as at the moment
of expiry of order submission, including those confirmed
by Confirmation system participants. PLACEMENT RESULTS*:
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Accepted orders, bonds: 150,200,000
Accepted orders, tenge: 14,703,591,400.00
Accepted orders, % of plan: 100.1
Price in accepted orders, %:
- minimum (striking): 97.7698
- maximum: 98.0550
- weighted average: 97.8934
Bond yield to maturity for buyer, % APR:
- minimum: 4.0000
- maximum: 4.6000
- weighted average: 4.3395
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Pension market entities constituted for 11.5 % of orders, Kazakhstan second-tier
banks (STB) - 82.4 %, STB's clients - 1.8 %, brokerage and dealer companies -
1.8 %, their clients - 2.5 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-6 of 187th issue by the settlement end were executed. 28.4 % placed
bonds was redeemed by pension market entities, 56.3 % - STB, 6.7 % - STB's
clients, 1.3 % - brokerage and dealer companies, 7.3 % - clients and brokerage
and dealer companies.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be
admitted to circulation on the KASE secondary market under the trade code as in
the table.
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
[2009-09-24]