/KASE, August 13, 10/ - Kazakhstan Stock Exchange (KASE) informed -
a special trade to place in the KASE trading system government mid-term
treasury bills of the Kazakhstan Finance Ministry (MEOKAM) on August 13,
2010 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-60
National identification number: KZK2KY050351
Issue order number: 35 / 60
KASE trade code: MOM060_0035
Nominal value, tenge: 1,000.00
Payment date: 13.08.10
First circulation date: 13.08.10
Last circulation date: 12.08.15
Maturity date: 13.08.15
Circulation term: 5 years (1,800 days)
Coupon payment period: 2 times a year
Upcoming coupon payment schedule: 1 13.02.11
2 13.08.11
3 13.02.12
4 13.08.12
5 13.02.13
6 13.08.13
7 13.02.14
8 13.08.14
9 13.02.15
10 13.08.15
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: 17
Submitted orders (all / active): 53 / 53
including:
- limit: 40
- market: 13
Active orders*, m tenge: 87,071.4
including:
- limit: 45,474.4
- market: 41,597.0
Bit to ask, %: 870.7
Coupon rate on submitted orders, % APR:
- minimum: 4.50
- maximum: 6.00
- weighted average: 5.2566
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* active orders - orders, not annulled by traders
at order submission expiry, 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: 4.80
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Pension market entities constituted for 25.3 % orders, Kazakhstan second-tier
banks (STBs) - 61.6 %, STBs clients - 8.3 %, brokerage and dealer
companies - 1.0 %, and their clients - 3.8 %
According to the Almaty-based Central Securities Depository all deals on
placement of MEOKAM-60 of 35th issue were executed by end of settlement on
the trade. 28.6 % of placed bills were redeemed by pension market entities,
46.2 % - STBs, 20.1 % - STBs clients, 5.1 % - clients of brokerage and dealer
companies.
MEOKAM sold by the Finance Ministry shall automatically be admitted to the
KASE secondary market under the trade as in the table. At that the bills will 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
[2010-08-13]