/KASE, October 28, 10/ - Kazakhstan Stock Exchange (KASE) informs that on
October 28, 2010 specialized trades were held in the KASE 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-180
National identification number: KZKAKY150076
Issue order number: 7 / 180
KASE trade code: MUJ180_0007
Nominal value, tenge: 1,000.00
Payment date: October 28, 2010
First circulation date: October 28, 2010
Last circulation date: October 27, 2025
Maturity date: October 28, 2025
Circulation term: 15 years (5,400
days)
Coupon payment period: Once a year*
Coupon payment schedule: 1 November 7, 2011
2 November 7, 2012
3 November 7, 2013
4 November 7, 2014
5 November 6, 2015
6 November 7, 2016
7 November 7, 2017
8 November 7, 2018
9 November 7, 2019
10 November 6, 2020
11 November 5, 2021
12 November 7, 2022
13 November 7, 2023
14 November 7, 2024
15 November 7, 2025
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: 15,000.0
Trade subject: fixed coupon
Special conditions regarding the 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 price
(rate)
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ASK PARAMETERS:
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Number of participants - primary dealers: 14
Number of submitted orders (total/active): 25 / 19
Including:
- limited: 13 / 8
- market: 12 / 11
Volume of active orders*, KZT, m: 70 373,0
Including:
- limited: 16 262,0
- market: 54 111,0
Ask to bid, %: 469,2
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: 15 000 000
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 (Almaty) all deals on
offering of MEUJKAM-180 of the seventh 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 October 1, 2009 to
October 1, 2010), based on the consumer prices monthly indices, published by
the Agency of the Republic of Kazakhstan for Statistics, made up 107.0082. It
means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 7.02 % 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
[2010-10-28]