/KASE, January 28, 10/ - Kazakhstan Stock Exchange (KASE) informed a
special trade was held January 28, 2010 in the KASE trading system to place
government long-term savings bonds of the Kazakhstan Finance Ministry
(MEUJKAM) on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-156
National identification number: KZKAKY130029
Issue order number: 2 / 156
KASE trade code: MUJ156_0002
Nominal value, tenge: 1,000.00
Payment date: 28.01.10
First circulation date: 28.01.10
Last circulation date: 27.01.23
Maturity date: 28.01.23
Circulation term: 13 years (4,680 days)
Coupon payment period: once, annually*
Coupon payment schedule: 1 07.02.11
2 07.02.12
3 07.02.13
4 07.02.14
5 06.02.15
6 05.02.16
7 07.02.17
8 07.02.18
9 07.02.19
10 07.02.20
11 05.02.21
12 07.02.22
13 07.02.23
Time base: 30 / 360
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* on the fifth business day of the month,
every 12 full calendar months of circulation.
PLACEMENT TERMS:
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Security type: 13,000.0
National identification number: fixed coupon
Special terms on trade subject: exceeds null
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 price (rate)
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ASK PARAMETERS:
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Traders - primary dealers: 9
Submitted orders (all / active): 17 / 17
including:
- limit: 6
- market: 11
Active orders*, m tenge: 32,100.0
including:
- limit: 6,700.0
- market: 25,400.0
Ask to bid, %: 246.9
Fixed coupon rate on confirmed orders, % APR:
- minimum: 0.01
- maximum: 3.00
- weighted average: 0.9025
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* active orders - orders, not annulled by traders
at order submission period expiry, including those confirmed
by Confirmation System members.
PLACEMENT RESULTS:
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Accepted orders, bonds: 13,000,000
Accepted orders, % of plan: 100.0
Striking rate (coupon fixed rate), % APR: 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-156 of the second issue by the settlement end were executed.
Money, invested in MEUJKAM, shall be indexed through calculation of indexed
coupon, resultant from a sum of fixed coupon, determined at placement, and
inflation index for the elapsed coupon period.
Current inflation rate for the last full 12 months (beginning January 1, 2009
through January 1, 2010), based on monthly consumer price indexes, released by
the Agency of the Republic of Kazakhstan on Statistics, reached 106.3765. This
means, forecast yield to maturity of placed bonds is currently estimated at
6.39 % APR provided interpolation of the received coupon rate for
the whole circulation period.
MEUJKAM are government bonds, placed among Kazakhstan pension funds.
MEUJKAM may only circulate among pension funds in the first half of the
circulation period. Then the bonds shall circulate freely.
Placed MEUJKAM shall automatically be admitted to circulation on the KASE
secondary market under the trade code as in the table. At that the bonds must be
quoted in the KASE trading system in 'dirty' 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
[2010-01-28]