/KASE, January 6, 10/ - Kazakhstan Stock Exchange (KASE) informed
a special trade was held in the KASE trading system to place government mid-
term treasury obligations of the Kazakhstan Finance Ministry (MEOKAM)
January 6, 2010 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-48
National identification number: KZK2KY040428
Issue order number: 42 / 48
KASE trade code: MOM048_0042
Nominal value, tenge: 1,000.00
Payment date: January 6, 10
First circulation date: January 6, 10
Last circulation date: January 5, 14
Maturity date: January 6, 14
Circulation term: 4 years (1,440 days)
Coupon payment period: 2 times a year
Coupon payment schedule: 1 June 6, 10
2 January 6, 11
3 June 6, 11
4 January 6, 12
5 June 6, 12
6 January 6, 13
7 June 6, 13
8 January 6, 14
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 12,000.0
Trade subject: coupon rate
Market order acceptance ratio, %: 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 rate (price)
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ASK PARAMETERS:
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Traders - primary dealers: 12
Submitted orders (total / active): 23 / 20
including:
- limit: 14 / 12
- market: 9 / 8
Active orders*, m tenge: 29,000.0
including:
- limit: 16,200.0
- market: 12,800.0
Ask to bid, %: 241.7
Coupon rate on submitted orders, % APR (total / active):
- minimum: 1.00 / 4.89
- maximum: 7.00 / 7.00
- weighted average: 5.5577 / 5.8797
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*active orders - orders, annulled by traders
as at expiry of order submission, including that confirmed
by Confirmation System members.
PLACEMENT RESULTS:
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Accepted orders, bonds: 12,000,000
Accepted orders, % of plan: 100.0
Coupon rate, % APR: 5.00
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Pension market entities constituted for 19.7 % of orders, Kazakhstan second-tier
banks (STB) - 52.8 %, STB clients - 27.2 %, clients of brokerage and dealer
companies - 0.3 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-48 of the 42nd issue by the end of settlement on trades were
executed. 31.8 % of placed bonds were re-purchased by pension market entities,
29.0 % - STB, 39.2% - STB clients.
MEOKAM sold by the Ministry of Finance shall automatically be admitted to
circulation on the KASE secondary market under the trade code indicated in the
table. At that bonds must be quoted in the KASE trading system 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 on 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 on the KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2010-01-06]