/KASE, February 3, 10/ - The Kazakhstan Stock Exchange (KASE) informed that
on February 3, 2010 KASE held special trades to place government short-term
treasury bonds of the Kazakhstan Finance Ministry (MEKKAM) on the terms
as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011040
Issue order number: 104 / 12
KASE trade code: MKM012_0104
Nominal value, tenge: 100.00
Payment date: February 3, 10
First circulation date: February 2, 10
Last circulation date: February 2, 11
Maturity date: February 2, 11
Circulation term: 365 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 11,000.0
Trade subject: bond price
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: 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
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ASK PARAMETERS:
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Traders - primary dealers: 17
Submitted orders (total / active): 68 / 55
including:
- limit: 56 / 44
- market: 12 / 11
Active orders*, m tenge: 60,069.5
Ask to bid, %: 571.2
Price on submitted price, % (all / active):
- minimum: 90.9091 / 90.9091
- maximum: 97.8480 / 97.5544
- weighted average: 95.7963 / 95.6045
Yield on submitted orders, % APR (all / active):
- minimum: 2.1993 / 2.5069
- maximum: 10.0000 / 10.0000
- weighted average: 4.3882 / 4.5975
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* active orders - orders, not annulled by traders
at expiry of order submission, including those confirmed
by Confirmation System participants.
PLACEMENT RESULTS*:
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Accepted orders, bonds: 116,666,666
Accepted orders, tenge: 11,358,983,301.75
Accepted orders, % of plan: 106.1
Price in accepted orders, %:
- minimum (striking): 97.2800
- maximum: 97.5544
- weighted average: 97.3627
Yield to maturity for buyer, % APR:
- minimum: 2.5069
- maximum: 2.7961
- weighted average: 2.7087
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Pension funds submitted 20.3 % orders, Kazakh STB - 63.6 %, STB clients -
14.6 %, brokerage and dealer companies - 0.2 %, their clients - 1.3 %.
According to Central Securities Depository all deals on placement of MEKKAM-12
of 104th issue by the end of settlement on trade results were executed. 20.2 %
of orders were purchased by pension funds, 50.9 % - STB, 4.9 % - STB clients,
4.9 % - 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, 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
[2010-02-03]