/KASE, March 10, 10/ - Kazakhstan Stock Exchange (KASE) informed
special trade on placement of government long-term treasury obligations of
the Kazakhstan Finance Ministry (MEUKAM) was held March 10, 2010 in the
KASE trading system. The table below indicates the main parameters of the
issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-108
National identification number: KZKDKY090048
Issue order number: 4 / 108
KASE trade code: MUM108_0004
Nominal value, tenge: 1,000.00
Payment date: March 10, 10
First circulation date: March 10, 10
Last circulation date: March 9, 19
Maturity date: March 10, 19
Circulation term: 9 years (3,240 days)
Coupon payment period: once a year
Coupon payment date: March 10 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 12,000.0
Trade subject: coupon rate
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 (rate) price
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ASK PARAMETERS:
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Trades - primary dealers: 18
Submitted orders (total / active): 33 / 31
including:
- limited: 26 / 25
- market: 7 / 6
Volume of active orders*, m tenge: 43,109.3
Including:
- limited: 25,759.3
- market: 17,350.0
Ask to bid, %: 359.2
Coupon rate on submitted orders, % APR (total / active):
- minimum 5.79 / 5.79
- maximum 7.00 / 7.00
- weighted average 6.6931 / 6.7208
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* active orders - orders, not annulled by trade participants
as at the expiry of order submission, including those confirmed
by Confirmation system participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 12,000,000
Volume of accepted orders, % of plan: 100.0
Coupon rate, % APR: 6.50
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Pension market entities constituted for 48.5 %, Kazakhstan second-tier banks
(STB) - 34.8 %, brokerage and dealer companies - 3.1 %, their clients - 4.2 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-108 of the fourth issue by the end of settlement were executed.
70.4 % of placed bonds total volume were bought back the pension market
entities, 4.0 % - STB, 8.1 % - STB clients, 6.7 % - brokerage and dealer
companies, 10.8 % - clients of brokerage and dealer companies.
MEUKAM sold by the Finance Ministry shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table. At
that bonds must be quoted in net prices in the KASE trading system.
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
[2010-03-10]