/KASE, November 24, 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 November 24, 2009 on the terms as below (discount bonds, Almaty
time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011016
Issue order number: 101 / 12
KASE trade code: MKM012_0101
Nominal value, tenge: 100,00
Payment date: November 24, 09
First circulation date: November 24, 09
Last circulation date: November 23, 10
Maturity date: November 24, 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 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: 18
Submitted orders (all / active): 79 / 69
including:
- limit: 61 / 53
- market: 18 / 16
Active orders*, m tenge: 82 009,3
Ask to bid, %: 718,4
Price on submitted orders, % (all / active):
- minimum: 94.3396 / 94.3396
- maximum: 96.1538 / 96.1538
- weighted average: 95.1757 / 95.1266
Yield on submitted orders, % APR (all / active):
- minimum: 4.0000 / 4.0000
- maximum: 6.0000 / 6.0000
- weighted average: 5.0689 / 5.1230
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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: 11,516,964,000.01
Satisfied orders, % from plan: 100.0
Satisfied orders price, %:
- minimum (cut-off): 95.6938
- maximum: 96.1538
- weighted average: 95.9747
Bond yield to maturity for buyer, % APR:
- minimum: 4.0000
- maximum: 4.5000
- weighted average: 4.1941
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Pension market entities constituted for 24.1 % of orders, Kazakhstan second-tier
banks (STB) - 48.7 %, STB clients - 24.2 %, brokerage and dealer companies
clients - 0.4 %, their clients - 2.6 %.
According to Central Securities Depository (Almaty) data all deals on placement
of MEKKAM-12 of 101st issue by settlements end were executed. 35.2 % from
placed bonds was repurchased by pension market entities, 44.4 % - STB,
11.7 % - STB clients, 0.5 % - brokerage and dealer companies, 8.2 % - 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
[2009-11-24]