/KASE, October 28, 09/ - Kazakhstan Stock Exchange (KASE) informed
a special trade was held to place government short-term treasury obligations
of the Kazakhstan Finance Ministry (MEKKAM) in the KASE trading system
on the terms as below October 28, 2009 (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011008
Issue order number: 100 / 12
KASE trade code: MKM012_0100
Face value, tenge: 100.00
Payment date: 28.10.09
Circulation start date: 28.10.09
Circulation last date: 27.10.10
Maturity date: 28.10.10
Circulation term: 365 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 acceptance, %: 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)
Limit order acceptance method: submitted price
Market order acceptance method: at weight average
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ASK PARAMETERS:
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Traders - primary dealers: 16
Submitted orders (total / active): 57 / 47
including:
- limit: 47 / 37
- market: 10 / 10
Active orders*, m tenge: 48,445.2
Ask to bid, %: 425.5
Price based on submitted orders, % (all / active):
- minimum: 94.3396 / 94.3396
- maximum: 95.9233 / 95.9233
- weighted average: 94.9023 / 94.8697
Yield on submitted orders, % APR (all / active):
- minimum: 4.2500 / 4.2500
- maximum: 6.0000 / 6.0000
- weighted average: 5.3715 / 5.4077
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* active orders - orders, not annulled by traders
at order submission period expiry, including that confirmed by
Confirmation system participants.
PLACEMENT RESULTS*:
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Accepted orders, bonds: 250,145,000
Accepted orders, tenge: 23,816,823,775.50
Accepted orders, % of the plan: 208.5
Price in accepted orders, %:
- minimum (striking): 95.1475
- maximum: 95.9233
- weighted average: 95.2121
Bond yield to maturity for buyer, % APR:
- minimum: 4.2500
- maximum: 5.1000
- weighted average: 5.0287
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Pension market entities submitted 40.8 % orders, Kazakhstan second-tier
banks (STB) - 44.1 %, STB's clients - 13.5 %, brokerage and dealer companies
- 0.1 %, their clients - 1.5 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-12 of 100th issue by the end settlement were executed. 52.9 % of
placed bonds were redeemed by pension market entities, 20.4 % - STB,
24.0 % - STB's clients, 2.7 % - 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, circulation, service and redemption
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
[2009-10-28]