/KASE, March 3, 10/ - Kazakhstan Stock Exchange (KASE) informed
March 3, 2010 a special trade was held to place government short-term
treasury bonds of the Kazakhstan Finance Ministry (MEKKAM) in the KASE
trading system on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011057
Issue order number: 105 / 12
KASE trade code: MKM012_0105
Nominal value, tenge: 100.00
Payment date: 03.03.10
First circulation date: 03.03.10
Last circulation date: 02.03.11
Maturity date: 03.03.11
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: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Limit order acceptance method: at submitted price
Market order acceptance method: at weighted average
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BID PARAMETERS:
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Traders - primary dealers: 19
Submitted orders (all / active): 57 / 56
including:
- limit: 35 / 34
- market: 22 / 22
Active orders*, m tenge: 64,987.8
Bid to ask, %: 610.7
Price on submitted orders, % (all / active):
- minimum: 93.8967 / 93.8967
- maximum: 97.7517 / 97.7517
- weighted average: 96.7459 / 96.7435
Yield on submitted orders, % APR (all / active):
- minimum: 2.3000 / 2.3000
- maximum: 6.5000 / 6.5000
- weighted average: 3.3636 / 3.3661
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* active orders - orders, not annulled by traders
as at the period submission expiry, including those confirmed
by Confirmation system members.
PLACEMENT RESULTS:
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Accepted orders, bonds: 133,333,333
Accepted orders, tenge: 13,027,199,967.45
Accepted orders, % of plan: 121.2
Price in accepted orders, %:
- minimum (striking): 97.6563
- maximum: 97.7517
- weighted average: 97.7040
Bond yield to maturity for buyer, % APR:
- minimum: 2.3000
- maximum: 2.3999
- weighted average: 2.3500
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Pension market entities submitted 17.6 % orders, Kazakh second-tier banks
(STB) - 73.1 %, STBs clients - 8.4 %, brokerage and dealer companies - 0.2 %,
and their clients - 0.7 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-12 of 105th issue by the end of settlement end were executed. 18.2 %
of placed bonds were redeemed by pension market entities, 78.7 % - STBs,
2.9 % - STBs clients, 0.3 % - clients of brokerage and dealer companies.
MEKKAM sold by the Finance Ministry shall automatically be admitted to
circulation on the 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
[2010-03-03]