/KASE, September 29, 10/ - Kazakhstan Stock Exchange (KASE) informs that
on September 29, 2010 specialized trades were held in KASE's trading system
to place government long-term treasury obligations of the Ministry of
Finance of the Republic of Kazakhstan (MEUJKAM) on the terms as below
(Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM -108
National identification number: KZKAKY090033
Order issue number: 3 / 108
KASE trade code: MUJ108_0003
Nominal value, tenge: 1,000.00
Payment date: September 29, 10
First circulation date: September 29, 10
Last circulation date: September 28, 19
Maturity date: September 29, 19
Circulation term: 9 years
(3,240 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 October 7, 11
2 October 5, 12
3 October 7, 13
4 October 7, 14
5 October 7, 15
6 October 7,16
7 October 6, 17
8 October 5, 18
9 October 7, 19
Time base: 30 / 360
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* on the fifth working day of the month in every 12 full calendar months of
circulation.
PLACEMENT TERMS:
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Declared placement volume, m tenge: 17,000.0
Trade subject: fixed coupon
Special conditions for trade subject: must not be less
or equal to zero
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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ASK PARAMETERS:
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Number of participants - primary dealers: 11
Number of submitted orders (total/active): 20 / 15
Including:
- limited: 10 / 5
- market: 10 / 10
Volume of active orders*, KZT, m: 64,623.0
Including:
- limited: 6,990.0
- market: 57,633.0
Ask to bid, %: 380.1
Fixed coupon rate on confirmed orders. % APR:
- minimum: 0.01
- maximum: 0.01
- weighted average: 0.0100
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* active orders - orders not annulled by trades participants at orders
submission period expiry, including those confirmed by Confirmation
system participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 17,000,000
Volume of accepted orders, % of plan: 100.0
Cut-off rate (fixed coupon rate), % APR: 0.01
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According to data of Central Securities Depository JSC (Almaty) all deals on
offering of MEUJKAM-108 of the third issue were satisfied at the moment of
settlements completion by trades' results.
Money, contributed into MEUJKAM are indexed through accrual of the indexed
coupon, received from the fixed coupon summation, determined at offering and
the inflation index for the past coupon period.
The current index value for the last full 12 months (from September 1, 2009
to September 1, 2010), based on the consumer prices monthly indices, published
by the Agency of the Republic of Kazakhstan for Statistics, made up 106.7955.
It means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 6.81 % APR given interpolation of the received coupon
rate for the entire securities circulation period.
MEUJKAM are government bonds, offered among accumulative pension funds of
the Republic of Kazakhstan. During the half circulation period, MEUJKAM can
circulate only among investors of this category. Then bonds free circulate on
the market.
Offered MEUJKAM are automatically admitted to circulation on the KASE
secondary market under indicated in the Table trading code. At that bonds must
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
[2010-09-29]