/KASE, April 28, 10/ - Kazakhstan Stock Exchange (KASE) informed - a special
trade was held to place government short-term treasury bills of the
Kazakhstan Finance Ministry (MEKKAM) April 28, 2010 on the terms as below
(discount bills, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011065
Issue order number: 106 / 12
KASE trade code: MKM012_0106
Nominal value, tenge: 100.00
Payment date: 28.04.10
First circulation date: 14.04.10
Last circulation date: 13.04.11
Maturity date: 14.04.11
Circulation term: 365 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 7,000.0
Trade subject: bond net 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 price
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BID PARAMETERS:
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Traders - primary dealers: 8
Submitted orders (total / active): 21 / 21
including:
- limit: 12
- market: 9
Active orders*, m tenge: 44,234.8
including:
- limit: 22,117.5
- market: 22,117.4
Bid to ask, %: 434.6
Price on submitted orders, % (all / active):
- minimum: 96.7438
- maximum: 98.5594
- weighted average: 97.5635
Yield on submitted orders, % APR (all / active):
- minimum: 1.5200
- maximum: 3.5000
- weighted average: 2.5970
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* active orders - orders, not annulled by traders
at expiry of order submission, including those confirmed
by Confirmation system members.
PLACEMENT RESULTS*:
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Accepted orders, bills: 70,000,000
Accepted orders , tenge: 6,877,821,199.99
Accepted orders, % of plan: 100.0
Price in accepted orders, %:
- minimum (striking): 98.1593
- maximum 98.5594
- weighted average: 98.2546
Yield of bills to maturity for buyer, % APR:
- minimum: 1.5200
- maximum 1.9500
- weighted average: 1.8473
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Pension funds constituted for 26.7 % orders, Kazakhstan second-tier banks
(STBs) - 72.3 %, clients of brokerage and dealer companies - 1.0 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEKKAM-12 of 106th issue by the end of settlement were executed. 18.1 % of
bills were purchased by pension funds, 79.7 % - STBs, 2.3 % - clients of
brokerage and dealer companies.
With account of the preceding placement, the full amount of MEKKAM-12 of
106th issue (KZK1KY011065) reached 234,400,000 bills for nominal value of
KZT23,440,000,000.00.
MEKKAM sold by the Kazakhstan Finance Ministry shall be automatically
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
[2010-04-28]