/KASE, October 6, 10/ - The Kazakhstan Stock Exchange (KASE) informed that
on October 6, 2010 KASE held special trades to place government short-term
treasury bonds of the Kazakhstan Finance Ministry (MEKKAM) on the terms
as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011107
Issue order number: 110 / 12
KASE trade code: MKM012_0110
Nominal value, tenge: 100.00
Payment date: October 6, 2010
First circulation date: October 6, 2010
Last circulation date: October 5, 2011
Maturity date: October 6, 2011
Circulation term: 365 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 13,000.0
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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ASK PARAMETERS:
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Traders - primary dealers: 10
Submitted orders (total / active): 19 / 18
including:
- limit: 15 / 15
- market: 4 / 3
Active orders*, m tenge: 20,241.9
including:
- limit: 20,241.9
- market: 0.0
Ask to bid, %: 159.5
Price on submitted price, % (all / active):
- minimum: 95.6938 / 95.6938
- maximum: 99.0099 / 99.0099
- weighted average: 97.6424 / 97.6424
Yield on submitted orders, % APR (all / active):
- minimum: 1.0000 / 1.0000
- maximum: 4.5000 / 4.5000
- weighted average: 2.3360 / 2.3360
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* active orders - orders, not annulled by traders at expiry of order submission,
including those confirmed by Confirmation System participants.
PLACEMENT RESULTS*:
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Accepted orders, bonds: 130,000,000
Accepted orders, tenge: 12,752,352,130.78
Accepted orders, % of plan: 100.00
Price in accepted orders, %:
- minimum (striking): 98.0392
- maximum 99.0099
- weighted average: 98.0950
Yield of bills to maturity for buyer, % APR:
- minimum: 1.0000
- maximum 2.0000
- weighted average: 1.9420
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In the total number of active orders pension market entities constituted for -
19.2 %, STB - 63.2 %, STB clients - 17.3 %, brokerage and dealer companies
clients - 0.2 %.
According to Central Securities Depository all deals on placement of MEKKAM-12
of 110th issue by the end of settlement on trade results were executed. 7.5 %
of total offered bonds were purchased by pension market entities, 64.6 % - STB,
27.7 % - STB clients, 0.2 % - clients of brokerage and dealer companies.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be
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
[2010-10-06]