/KASE, October 7, 09/ - Kazakhstan Stock Exchange (KASE) informed
October 7, 2009 in the KASE trading system KASE held special trade on
placement of government long-term treasury obligations of the Kazakhstan
Finance Ministry (MEUKAM). Below are the main parameters of the issue,
terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-84
National identification number: KZKDKY070073
Issue order number: 7 / 84
KASE trade code: MUM084_0007
Nominal value, tenge: 1,000.00
Payment date: 07.10.09
First circulation date: 07.10.09
Last circulation date: 06.10.16
Maturity date: 07.10.16
Circulation term: 7 years (2,520 days)
Coupon payment period: annually
Coupon payment schedule: October 7
Time base: 30 / 360
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PLACEMENT PARAMETERS:
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Declared volume, m tenge: 12,000.0
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: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Order acceptance method: at striking price (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 13
Submitted orders (all / active): 34 / 27
including:
- limited: 27 / 21
- market: 7 / 6
Volume of active orders*, m tenge: 25,756.0
including:
- limit: 23,196.0
- market: 2,560.0
Ask to bid, %: 214.6
Coupon rate on submitted orders, % APR (all / active):
- minimum 2.00 / 6.00
- maximum 8.75 / 8.75
- weighted average 7.3158 / 7.5442
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* active orders - orders, not annulled by traders
as at the expiry of order submission, including that confirmed
as at the expiry of order submission, including that confirmed
by Confirmation system participants.
PLACEMENT RESULTS:
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Accepted orders, bonds: 1,666,666
Accepted orders, % of plan: 13.9
Coupon rate, % APR: 6.00
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Pension market entities constituted for 22.1 %, Kazakhstan second-tier banks
(STB) - 60.2 %, STB clients - 14.8 %, brokerage and dealer companies - 2.5 %,
and clients - 0.4 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-84 of the seventh issue by settlement end according to trade results
were executed. 97.3 % of placed obligations were purchased by pension market
entities, 2.7 % - STB.
MEUKAM 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. At that obligations shall be quoted 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
[2009-10-07]