/KASE, October 12, 10/ - Kazakhstan Stock Exchange (KASE) informs that a
repeated special trade was held in the KASE trading system to place
government mid-term treasury bonds of the Kazakhstan Finance Ministry
(MEOKAM) on October 12, 2010 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: МЕОКАМ-48
National identification number: KZK2KY040444
Issue order number: 44 / 48
KASE trade code: MOM048_0044
Nominal value, tenge: 1,000.00
Number of bonds in circulation, units: 10,558,000
Payment date: October 12, 2010
First circulation date: July 22, 2010
Last circulation date: July 21, 2014
Maturity date: July 22, 2014
Circulation term: 4 years (1,440 days)
Coupon rate: 4.50 % APR
Coupon payment period: 2 times a year
Coupon payment schedule: 1 January 22, 2011
2 July 22, 2011
3 January 22, 2012
4 July 22, 2012
5 January 22, 2013
6 July 22, 2013
7 January 22, 2014
8 July 22, 2014
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m units: 8.0
Trade subject: bond's net 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)
Order acceptance method: at striking price
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ASK PARAMETERS:
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Traders - primary dealers: 18
Submitted orders (total / active): 55 / 42
including:
- limit: 48 / 38
- market: 7 / 4
Active orders*, m tenge: 34,243.7
including:
- limit: 23,886.7
- market: 10,356.9
Ask to bid, %: 421.6
Net price on submitted orders, % (on all / on active):
- minimum: 97.9548 / 98.2912
- maximum: 102.7203 / 102.7203
- weighted average: 100.3679 / 100.5386
Coupon rate on submitted orders, % APR (total / active):
- minimum: 3.7200 / 3.7200
- maximum: 5.1000 / 5.0000
- weighted average: 4.3898 / 4.3407
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*active orders - orders, not annulled by traders
as at expiry of order submission, including those confirmed
by Confirmation System members.
PLACEMENT RESULTS:
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Accepted orders, bonds: 8,000,000
Accepted orders, tenge: 8,246,672,000.00
Accepted orders, % of plan: 100.0
Net price in accepted orders, %: 102.0834
Bonds' yield to maturity for buyer, % APR 3.9000
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Pension market entities accounted for 10.1 % of active orders, Kazakhstan
second-tier banks (STB) - 71.9 %, their clients - 12.7%, brokerage and dealer
companies - 1.8 %, their clients - 3.5 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEOKAM-48 of the 44th issue by the end of settlements on trades were
executed. From placed bonds 28.9 % were bought by pension market entities,
68.6 % - by STB, 2.5 % - by brokerage and dealer companies' clients.
MEOKAM sold by the Ministry of Finance shall automatically be admitted to
circulation on the KASE secondary market under the trade code indicated in the
table. At that bonds must 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
[2010-10-12]