/KASE, October 19, 10/ - Kazakhstan Stock Exchange (KASE) informed that
special trade on placement of government long-term treasury obligations of
the Kazakhstan Finance Ministry (MEUKAM) was held October 19, 2010 in
the KASE trading system. The table below indicates the main parameters of the
issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-108
National identification number: KZKDKY090055
Issue order number: 5 / 108
KASE trade code: MUM108_0005
Nominal value, tenge: 1,000.00
Payment date: October 19, 2010
First circulation date: October 19, 2010
Last circulation date: October 18, 2019
Maturity date: October 19, 2019
Circulation term: 9 years (3,240 days)
Coupon payment period: once a year
Coupon payment date: October 19, each year
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 14,000.0
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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ASK PARAMETERS:
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Trades - primary dealers: 18
Submitted orders (total / active): 63 / 54
including:
- limited: 54 / 45
- market: 9 / 9
Volume of active orders*, m tenge: 38,361.0
Including:
- limited: 26,791.0
- market: 11,570.0
Ask to bid, %: 274.0
Coupon rate on submitted orders, % APR (total / active):
- minimum 5.00 / 5.00
- maximum 65.70 / 7.00
- weighted average 14.8551 / 5.9187
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* active orders - orders, not annulled by trade participants
as at the expiry of order submission, including those confirmed
by Confirmation system participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 16,240,000
Volume of accepted orders, % of plan: 116.0
Coupon rate, % APR: 5.60
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Pension market entities accounted for 29.5 % of all active orders, Kazakhstan
second-tier banks (STB) - 32.6 %,their clients - 13.6 %, brokerage and dealer
companies - 4.5 %, their clients - 19.8 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-108 of the fifth issue by the end of settlement were executed. 11.5 %
of placed bonds total volume were bought by the pension market entities, 33.3 %
- by STB, 19.8 % - by STB clients, 9.6 % - by brokerage and dealer companies,
25.8 % - by clients of brokerage and dealer companies.
MEUKAM sold by the Finance Ministry shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table.
At that bonds must be quoted in net prices in the KASE trading system.
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
[2010-10-19]