/KASE, October 14, 09/ - Kazakhstan Stock Exchange (KASE) informed special
trade will be held to place government middle term treasury obligations of the
Kazakhstan Finance Ministry (MEOKAM) in the KASE trading system on
October 14, 2009 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-48
National identification number: KZK2KY040402
Issue number: 40 / 48
KASE trade code: MOM048_0040
Nominal value, tenge: 1,000.00
Payment date: 14.10.09
First circulation date: 14.10.09
Last circulation date: 13.10.13
Maturity date: 14.10.13
Circulation term: 4 years (1,440 days)
Coupon payment period: 2 times a year
Upcoming coupon payment schedule 14.04.10
2 14.10.10
3 14.04.11
4 14.10.11
5 14.04.12
6 14.10.12
7 14.04.13
8 14.10.13
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared volume, tenge: 12,000.0
Trade subject: coupon rate
Market order acceptance degree, %: 70
Order submission method: closed
Order receipt time: 09:00-11:00
Order 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 (order)
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ASK PARAMETERS:
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Participants - primary dealers: 8
Submitted orders (total / active): 22 / 18
including:
- limit: 17 / 15
- market: 5 / 3
Volume of active orders*, m tenge: 30,893.0
including:
- limit: 28,093.0
- market: 2,800.0
Ask to bid, %: 257.4
Coupon rate on submitted orders, % APR (all / active):
- minimum: 5.30 / 5.50
- maximum: 7.00 / 7.00
- weighed average: 6.2059 / 6.2348
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* active orders - orders, not annulled by traders
as on the moment of order submission, including that confirmed
by Confirmation System participants. PLACEMENT RESULTS:
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Accepted orders, bonds: 16,909,000
Accepted orders, % of plan: 140.9
Coupon rate, % APR: 6.00
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Pension market entities constituted for 9.7 % orders, Kazakh second-tier banks
(STB) - 70.6 %, STBs clients - 19.7 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-48 of 40th issue by the end of settlement were executed. 10.6 % of
placed obligations were purchased by pension market entities, 69.8 % - STB,
19.6 % - STB clients.
MEOKAM 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 obligations shall be quoted in net prices.
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
[2009-10-14]