/KASE, February 25, 10/ - Kazakhstan Stock Exchange (KASE) informs that
government long-term savings treasury obligations of the Kazakhstan
Finance Ministry (MEUJKAM) were placed in the KASE trading system on
February 25, 2010 on the below terms (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM -216
National identification number: KZKAKY180032
Issue order number: 3 / 216
KASE trade code: MUJ216_0003
Nominal value, tenge: 1,000.00
Payment date: 25.02.10
First circulation date: 25.02.10
Last circulation date: 24.02.28
Maturity date: 25.02.28
Circulation term: 18 years (6,480 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 07.03.11
2 07.03.12
3 07.03.13
4 07.03.14
5 06.03.15
6 07.03.16
7 07.03.17
8 07.03.18
9 07.03.19
10 06.03.20
11 05.03.21
12 07.03.22
13 07.03.23
14 07.03.24
15 07.03.25
16 06.03.26
17 05.03.27
18 07.03.28
Time base: 30 / 360
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* on the fifth day of a month
each 12 full calendar months in circulation. PLACEMENT TERMS:
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Declared volume, m tenge: 14,000.0
Trade subject: fixed coupon
Special terms on trade: exceeds or equals zero
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)
Orders satisfaction method: at cut-off price (rate)
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ASK PARAMETERS:
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Participants - primary dealers: 9
Submitted orders (all / active): 18 / 17
including:
- limited: 8 / 7
- market: 10 / 10
Volume of active orders*, m tenge: 90,702.0
including:
- limited: 10,040.0
- market: 80,662.0
Ask to bid, %: 647.9
Fixed coupon rate on confirmed orders, % APR:
- minimum: 0.01
- maximum: 0.10
- weighted average: 0.0136
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* active orders - orders, not annulled by trade participants
on expiry of order submission, including those confirmed
by Confirmation system participants.
PLACEMENT ORDERS:
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Satisfied orders volume, bonds: 18,000,000
Volume of satisfied orders, % of plan: 128.6
Cut-off rate (fixed coupon rate), % APR: 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-216 of the third issue at settlements end were executed.
Money invested in MEUJKAM shall be indexed through calculation of indexed
coupon resultant from sum of fixed coupon determined at placement, and
inflation rate for the expired coupon period.
Current index value for the last full 12 months (February 1, 2009 to February 1,
2010), based on monthly consumer price indexes released by the Kazakhstan
Statistics Agency is 107.5432. This means, the forecast yield to maturity of
placed bonds at the time being is estimated at 7.55 % APR provided interpolation
of resultant coupon rate for the entire circulation period.
MEUJKAM are government bonds, placed among accumulative pension funds of
Kazakhstan. During the first half of circulation MEUJKAM may circulate among
this category of investors only. Then bonds may freely circulate on the market.
Placed MEUJKAM shall automatically be admitted to circulation on the secondary
market under the trade code as in the table. Bonds shall be quoted in the KASE
trading system in "dirty" prices.
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
[2010-02-25]