/KASE, May 18, 10/ - The Kazakhstan Stock Exchange (KASE) informed that on
May 18, 2010 KASE held special trades to place government short-term
treasury bonds of the Kazakhstan Finance Ministry (MEKKAM) on the terms
as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY121070
Issue order number: 107 / 12
KASE trade code: MKM012_0107
Nominal value, tenge: 100.00
Payment date: May 18, 10
First circulation date: May 18, 10
Last circulation date: May 17, 11
Maturity date: May 18, 11
Circulation term: 365 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 18,000.0
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: till 15:00 (Т+0)
Payment time: till 15:00 (Т+0)
Limit order acceptance method: at submitted price
Market order acceptance method: at weighted average
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ASK PARAMETERS:
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Traders - primary dealers: 10
Submitted orders (total / active): 26 / 24
including:
- limit: 17 / 16
- market: 9 / 8
Active orders*, m tenge: 30,528.3
Ask to bid, %:
Price on submitted price, % (all / active): 15,416.4
- minimum: 15,111.9
- maximum: 175.0
- weighted average:
Yield on submitted orders, % APR (all / active): 95.6938 / 95.6938
- minimum: 98.3284 / 98.3284
- maximum: 96.,9980 / 96.9325
- weighted average:
ASK PARAMETERS: 1.7000 / 1.7000
Traders - primary dealers: 4.5000 / 4.5000
Submitted orders (total / active): 3.0949 / 3.1645
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* active orders - orders, not annulled by traders
at expiry of order submission, including those confirmed
by Confirmation System participants. PLACEMENT RESULTS*:
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Accepted orders, bonds: 180,000,000
Accepted orders, tenge: 17,671,682,280.41
Accepted orders, % of plan: 100.0
Price in accepted orders, %:
- minimum (striking): 98.0392
- maximum: 98.3284
- weighted average: 98.1760
Yield to maturity for buyer, % APR:
- minimum: 1.7000
- maximum: 2.0000
- weighted average: 1.8579
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Pension funds submitted 28.7 % orders, Kazakh STB - 56.2 %, STB clients -
12.7 %, brokerage and dealer companies - 0.4 %, their clients - 3.0 %.
According to Central Securities Depository all deals on placement of MEKKAM-
12 of 107th issue by the end of settlement on trade results were executed.
43.4 % of orders were purchased by pension funds, 45.0 % - STB, 7.6 % - STB
clients, 4.0 % - clients of brokerage and dealer companies.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be
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
[2010-05-18]