/KASE, November 4, 09/ - Kazakhstan Stock Exchange (KASE) informed
a special trade was held on placement of government short-term treasury
obligations of the Kazakhstan Finance Ministry (MEKKAM) on
November 4, 2009 on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-6
National identification number: KZK1KM061881
Issue order number: 188 / 6
KASE trade code: MKM006_0188
Nominal value, tenge: 100.00
Payment date: 04.11.09
First circulation date: 04.11.09
Last circulation date: 03.05.10
Maturity date: 04.05.10
Circulation term: 181 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 share, %: 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: at submitted price
Market order acceptance method: at weighted average price
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ASK PARAMETERS:
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Participants - primary dealers: 21
Submitted orders (total / active): 45 / 44
including:
- limit: 37 / 36
- market: 8 / 8
Active orders*, m tenge: 52,925.6
Ask to bid, %: 451.5
Price on submitted orders, % (total / active):
- minimum: 97.5758 / 97.5758
- maximum: 98.0000 / 98.0000
- weighted average: 97.6837 / 97.6841
Yield on submitted orders, % APR (total / active):
- минимальная: 4.1155 / 4.1155
- максимальная: 5.0100 / 5.0100
- средневзвешенная: 4.7817 / 4.7810
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* active orders - orders, not annulled by traders
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: 120,000,000
Accepted orders, tenge: 11,742,837,734.16
Accepted orders, % of plan: 100.0
Price of accepted orders, %:
- minimum (striking): 97.8172
- maximum: 98.0000
- weighted average: 97.8570
Bond yield to maturity for buyer, % APR:
- minimum: 4.1155
- maximum: 4.5000
- weighted average: 4.4162
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Pension market entities constituted for 8.3 % orders, Kazakhstan second-tier
banks (STB) - 83.1 %, STBs clients - 7.9 %, brokerage and dealer companies -
0.6 %, their clients - 0.1 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-6 of 188th issue by the end of settlement were executed. 23.9 % of
placed bonds were redeemed by pension market entities, 68.4 % - STB, 7.6 % -
STB clients, 0.2 % - clients of brokerage and dealer companies.
MEKKAM sold by the Ministry of Finance shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table.
The text of the Rules of 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 Rules of placement of government treasury bonds of the Republic of
Kazakhstan is available at the KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2009-11-04]