/KASE, January 20, 10/ - Kazakhstan Stock Exchange (KASE) informed a
special trade was held in the KASE trading system to place government long-
term treasury bills of the Kazakhstan Finance Ministry (MEUKAM) on
January 20, 2010. Below are the main issue parameters, terms and results of
placement (Almaty time).
ISSUE PARAMETERS:
------------------------------------ ------------------------
Security type: MEUKAM-72
National identification number: KZKDKY060058
Issue order number: 5 / 72
KASE trade code: MUM072_0005
Nominal value, tenge: 1,000.00
Payment date: 20.01.10
First circulation date: 20.01.10
Last circulation date: 19.01.16
Maturity date: 20.01.16
Circulation term: 6 years (2,160 days)
Coupon payment period: once, annually
Coupon payment schedule: 20 January
Time base: 30 / 360
------------------------------------ ------------------------
PLACEMENT TERMS:
------------------------------------ ------------------------
Declared placement volume, m tenge: 13,000.0
Trade subject: coupon rate
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)
Order acceptance method: at striking price (rate)
------------------------------------ ------------------------
ASK PARAMETERS:
------------------------------------ ------------------------
Traders - primary dealers: 14
Submitted orders (all / active): 27 / 27
including:
- limit: 18
- market: 9
Active orders*, m tenge: 34,008.7
including:
- limit: 23,198.7
- market: 10,810.7
Ask to bid, %: 261.6
Coupon rate on submitted orders, % APR:
- minimum 5.50
- maximum 7.30
- weighted average 6.3099
-------------------------------------------------------------
* active orders - those, not annulled by traders as
at the moment of submission order expiry, including confirmed
by Confirmation System members.
PLACEMENT RESULTS:
-------------------------------------------------------------
Accepted orders, bills: 17,210,000
Accepted orders, % of plan: 132.4
Coupon rate, % APR: 6,00
-------------------------------------------------------------
Pension fund market operators constituted for 24.6 % orders, Kazakhstan
second-tier banks (STBs) - 57.3 %, STBs' clients - 10.6 %, clients of brokerage
and dealer companies - 7.5 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-72 of the fifth issue by the settlement end were executed. 38.9 % of
placed bills were purchased by pension fund market operators, 29.1 % - STB,
29.1 % - STBs' clients, 2.9 % - clients of brokerage and dealer companies.
MEUKAM 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.
At that the bills shall 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 bills 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 bills of the Republic
of Kazakhstan is available on the KASE website at
http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
[2010-01-20]