/KASE, October 1, 09/ - Kazakhstan Stock Exchange (KASE) informed recurrent
special trade to place government short-term treasury obligations of the
Kazakhstan Finance Ministry (MEKKAM) was held in the KASE trading system
on October 1, 2009 on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-9
National identification number: KZK1KM090153
Issue order number: 15 / 9
KASE trade code: MKM009_0015
Nominal value, tenge: 100.00
Payment date: October 1, 09
First circulation date: October 1, 09
Last circulation date: June 30, 10
Maturity date: July 1, 10
Circulation term: 273 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared volume, m tenge: 12,000.0
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: till 15:00 (Т+0)
Payment time: till 15:00 (Т+0)
Limit order acceptance method: at submitted price
Market order acceptance method: at weighted average price
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ASK PARAMETERS:
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Participants - primary dealers: 11
Submitted orders (all / active): 39 / 35
including:
- limit: 34 / 30
- market: 5 / 5
Active orders*, m tenge: 44,864.1
Ask to bid, %: 389.5
Price on submitted orders, % (all / active):
- minimum: 95.0249 / 95.0249
- maximum: 96.7438 / 96.7438
- weighted average: 95.9981 / 95.9947
Yield on submitted orders, % APR (all / active):
- minimum: 4.5001 / 4.5001
- maximum: 6.9999 / 6.9999
- weighted average: 5.5735 / 5.5785
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* active orders - orders, not annulled by trade participants
as at the moment of order submission, including confirmed
by Confirmation system participants. PLACEMENT RESULTS *:
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Satisfied orders, bonds: 120,000,000
Satisfied orders, KZT: 11,578,236,530.00
Satisfied orders, % from plan: 100.0
Satisfied orders price, %:
- minimum (cut-off): 96.3951
- maximum: 96.7438
- weighted average: 96.4853
Bond yield to maturity for buyer, % APR:
- minimum: 4.5001
- maximum: 5.0000
- weighted average: 4.8703
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Pension market entities constituted for 6.3 % of orders, Kazakhstan second-tier
banks (STB) - 76.6 %, STB clients - 14.0 %, brokerage and dealer companies
clients - 1.1 %.
According to Central Securities Depository (Almaty) data all deals on placement
of MEKKAM-9 of 15th issue by settlements end were executed. 19.8 % from
placed bonds was repurchased by pension market entities, 31.4 % - STB,
44.7 % - STB clients, 4.2 % - clients of 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
[2009-10-01]