/KASE, July 14, 10/ - Kazakhstan Stock Exchange (KASE) informed - a special
trade to place government short-term treasury bills of the Kazakhstan
Finance Ministry (MEKKAM) was held July 14, 2010 on the terms as below
(discount bills, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011099
Issue order number: 109 / 12
KASE trade code: MKM012_0109
Nominal value, tenge: 100.00
Payment date: 14.07.10
First circulation date: 14.07.10
Last circulation date: 13.07.11
Maturity date: 14.07.11
Circulation term: 365 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 10,000.0
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: 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
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BID PARAMETERS:
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Traders - primary dealers: 8
Submitted orders (all / active): 26 / 20
including:
- limit: 20 / 14
- market: 6 / 6
Active orders*, m tenge: 22,235.6
including:
- limit: 22,235.6
- market: 0.0
Bid to ask, %: 333.7
Price at submitted orders, % (all / active):
- minimum: 96.5915 / 96.5915
- maximum: 98.1000 / 98.1000
- weighted average: 97.2695 / 97.2218
Yield on submitted orders, % APR (all / active):
- minimum: 1.9210 / 1.9210
- maximum: 3.5000 / 3.5000
- weighted average: 2.7842 / 2.8343
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* active orders - orders, not annulled by traders
as at expiry of order submission period, including those confirmed
by Confirmation system members.
PLACEMENT RESULTS*:
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Accepted orders, bills: 181,650,000
Accepted orders, tenge: 17,808,401,610.00
Accepted orders, % of plan: 181.65
Price in accepted orders, %:
- minimum (striking): 98.0234
- maximum 98.1000
- weighted average: 98.0369
Yield of bills to maturity for buyer, % APR:
- minimum: 1.9210
- maximum 2.0000
- weighted average: 1.9861
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Pension funds constituted for 2.7 % orders, Kazakhstan second-tier
banks (STBs) - 83.97 %, STBs clients - 12.2 %, brokerage and dealer
companies - 0.1 %, and their clients - 1.0 %
According to the Almaty-based Central Securities Depository all deals on
placement of MEKKAM-12 of 109th issue by the end of settlement were
executed. 1.65 % of placed bills were redeemed by pension funds, 74.3 % -
STBs, 22.4 % - STBs clients, 1.65 % - clients of brokerage and dealer
companies.
MEKKAM sold by the 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
[2010-07-14]