/KASE, August 11, 10/ - Kazakhstan Stock Exchange (KASE) informed -
a special trade to place government mid-term treasury bills of the
Kazakhstan Finance Ministry (MEOKAM) was held in the KASE trading system
on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-36
National identification number: KZK2KY030817
Issue order number: 81 / 36
KASE trade code: MOM036_0081
Nominal value, tenge: 1,000.00
Payment date: 11.08.10
First circulation date: 11.08.10
Last circulation date: 10.08.13
Maturity date: 11.08.13
Circulation term: 3 years (1,080 days)
Coupon payment period: 2 times a year
Upcoming coupon payment schedule: 1 11.02.11
2 11.08.11
3 11.02.12
4 11.08.12
5 11.02.13
6 11.08.13
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 10,000.0
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
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BID PARAMETERS:
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Traders - primary dealers: 20
Submitted orders (all / active): 52 / 48
including:
- limit: 42 / 41
- market: 10 / 7
Active orders*, m tenge: 44,969.0
including:
- limit: 31,171.5
- market: 13,797.5
Bid to ask, %: 449.7
Coupon rate on submitted orders, % APR (all / active):
- minimum: 3.10 / 3.10
- maximum: 6.00 / 6.00
- weighted average: 4.2116 / 4.2509
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* active orders - orders, not annulled by traders
as at the end of order submission, including those confirmed
by Confirmation system members.
PLACEMENT RESULTS:
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Accepted orders, bills: 10,000,000
Accepted orders, % of plan: 100.0
Coupon rate, % APR: 3.70
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Totally, pension market entities constituted for 9.1 % orders, Kazakh second-tier
banks (STB) - 79.2 %, brokerage and dealer companies - 0.7 %, their clients -
11.0 %.
According to the Almaty-based Central Securities Depository all deals on
placement of MEOKAM-36 of 81st issue were executed by the end of trade
settlement. 16.5 % of placed bills were redeemed by pension market entities,
74.5 % - STB, 9.0 % - clients of brokerage and dealer companies.
MEOKAM sold by the Finance Ministry shall be automatically admitted to
circulation of the KASE secondary market under the ticker as in the table. At that
bills shall 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
[2010-08-11]