/KASE, June 29, 10/ - Kazakhstan Stock Exchange (KASE) informed - a special
trade to place government long-term savings treasury bills of the
Kazakhstan Finance Ministry (MEUJKAM) June 29, 2010 on the terms as
below (Almaty time).
IASSUE PARAMETERS:
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Security type: MEUJKAM -228
National identification number: KZKAKY190031
Issue order number: 3 / 228
KASE trade code: MUJ228_0003
Nominal value, tenge: 1,000.00
Payment date: June 29, 10
First circulation date: June 29, 10
Last circulation date: June 28, 29
Maturity date: June 29, 29
Circulation term: 19 years (6,840 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 July 7, 11
2 July 6, 12
3 July 5, 13
4 July 7, 14
5 July 7, 15
6 July 7, 16
7 July 7, 17
8 July 6, 18
9 July 5, 19
10 July 7, 20
11 July 7, 21
12 July 7, 22
13 July 7, 23
14 July 5, 24
15 July 7, 25
16 July 7, 26
17 July 7, 27
18 July 7, 28
19 July 6, 29
Time base: 30 / 360
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* on the fifth business day of the month
in each 12 full calendar months of circulation.
PLACEMENT TERMS:
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Declared placement volume, m tenge: 13,000.0
Trade subject: fixed coupon
Special terms on trade: equals or exceeds null
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 price (rate)
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ASK PARAMETERS:
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Traders - primary dealers: 10
Submitted orders (all / active): 18 / 15
including:
- limit: 8 / 6
- market: 10 / 9
Active orders*, m tenge: 60,330.0
including:
- limit: 4,450.0
- market: 55,880.0
Bid to ask, %: 464.1
Fixed coupon on accepted orders, % APR:
- minimum: 0.01
- maximum: 0.01
- weighted average: 0.0100
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* active orders - orders, not annulled by traders
at expiry of order submission, including those confirmed
by the Confirmation system.
PLACEMENT RESULTS:
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Accepted orders, bills: 13,000,000
Accepted orders, % of plan: 100.0
Striking rate (fixed coupon rate), % APR.: 0.01
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-228 of third issue by the end of trade settlement were executed.
Money invested into MEUJKAM shall be indexed through calculation of indexed
coupon, received as a sum of fixed coupon determined at placement and inflation
rate for the elapsed coupon period.
Current inflation rate for the last 12 months (June 1, 2009 to June 1, 2010),
based on monthly consumer indexes published by the Kazakhstan Statistics
Agency is 107.3297. This means that the forecast yield of the bills currently is
estimated at 7.34 % APR provided interpolation of the coupon rate for the whole
circulation period.
MEUJKAM are treasury bills placed among Kazakh pension funds. MEUJKAM
circulate solely among pension funds first half of circulation period to circulate
freely thereafter.
Placed MEUJKAM shall be automatically admitted to the KASE secondary
market under the trade code as in the table. At that the bills shall be quoted in
the KASE trading system in 'dirty' 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
[2010-06-29]