/KASE, April 21, 10/ - Kazakhstan Stock Exchange (KASE) informed
a special trade was held in the KASE trading system to place government mid-
term treasury obligations of the Kazakhstan Finance Ministry (MEOKAM)
April 21, 2010 on the terms as below (Almaty time).
ISSUE PARAMETERS:
----------------------------------- ------------------------
Security type: MEOKAM-24
National identification number: KZK2KY020792
Issue order number: 79 / 24
KASE trade code: MOM024_0079
Face value, tenge: 1,000.00
Payment date: April 21, 10
First circulation date: April 21, 10
Last circulation date: April 20, 12
Maturity date: April 21, 12
Circulation term: 2 years (720 days)
Coupon payment period: twice a year
Coupon payment schedule: 1 October 21, 10
2 April 21, 11
3 October 21, 11
4 April 21, 12
Time base: 30 / 360
----------------------------------- ------------------------
PLACEMENT TERMS:
----------------------------------- ------------------------
Declared placement volume, m tenge: 18,000.0
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)
----------------------------------- ------------------------
ASK PARAMETERS:
----------------------------------- ------------------------
Traders - primary dealers: 17
Submitted orders (total / active): 42 / 42
including:
- limit: 25
- market: 17
Active orders*, m tenge: 42,481.0
including:
- limit: 28,135.0
- market: 14,346.0
Ask to bid, %: 236.0
Coupon rate on submitted orders, % APR (total / active):
- minimum: 2.00
- maximum: 4.50
- weighted average: 3.1985
-------------------------------------------------------------
* active orders - orders, annulled by traders
as at expiry of order submission, including that confirmed
by Confirmation System members.
PLACEMENT RESULTS:
-------------------------------------------------------------
Accepted orders, bonds: 18,000,000
Accepted orders, % of plan: 100.0
Coupon rate, % APR: 2.50
-------------------------------------------------------------
Pension market entities constituted for 5.2 % of orders, Kazakhstan second-tier
banks (STB) - 63.8 %, STB clients - 19.2 %, brokerage and dealer companies -
0.7 %, their clients - 11.1 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-24 of the 79th issue by the end of settlements on trades were
executed. 10.7 % of placed bonds were re-purchased by pension market
entities, 61.5 % - STB, 16.1% - STB clients, <0.1 % - brokerage and dealer
companies, 11.7 % their clients.
MEOKAM sold by the Ministry of Finance shall automatically be admitted to
circulation on the KASE secondary market under the trade code indicated in the
table. At that bonds must be quoted in the KASE trading system in net 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
[2010-04-21]