/KASE, November 29, 10/ - Kazakhstan Stock Exchange (KASE) has informed
that on November 29, 2010 KASE held repeated special trades to place
government long-term savings treasury bonds of the Kazakhstan Finance
Ministry (MEUJKAM) on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-192
National identification number: KZKAKY160034
Issue order number: 3 / 192
KASE trade code: MUJ192_0003
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, units: 4,000.000
Payment date: November 29, 2010
First circulation date: May 28, 2010
Last circulation date: May 27, 2026
Maturity date: May 28, 2026
Circulation term: 16 years (5,760 days)
Coupon rate: 0.01 % APR + inflation
Coupon payment date: once a year*
Upcoming coupon payment schedule: 1 June 7, 2011
2 June 7, 2012
3 June 7, 2013
4 June 6, 2014
5 June 5, 2015
6 June 7, 2016
7 June 7, 2017
8 June 7, 2018
9 June 7, 2019
10 June 5, 2020
11 June 7, 2021
12 June 7, 2022
13 June 7, 2023
14 June 7, 2024
15 June 6, 2025
16 June 5, 2026
Time base: 30 / 360
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* on the fifth business day of month each 12 full calendar circulation months
PLACEMENT TERMS:
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Declared placement volume, m tenge: 8,000.0
Trade subject: "dirty" price of bond
Number of day to maturity: 5,579
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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Traders - primary dealers: 14
Submitted orders (total / active): 31 / 29
including:
- limit: 21 / 19
- market: 10 / 10
Active orders*, m tenge: 75,065.7
including:
- limit: 49,812.9
- market: 25,252.8
Ask to bid, %: 901.8
"Dirty" price on limited orders, %:
- minimum: 102.7000
- maximum: 110.0000
- weighted average: 104.0493
Forecasted yield to maturity on limited orders, % APR:
- minimum: 6.88
- maximum: 7.67
- weighted average: 7.51
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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: 5,000,000
Accepted orders, tenge: 5,450,000,000.00
"Dirty" price in accepted orders, %: 109.0000
Forecasted yield to maturity, % APR: 6.98
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According to Central Securities Depository (Almaty) all deals on placement of
MEUJKAM-192 of 3rd issue by the end of settlement on trade results were
executed.
Data on bonds' yield shown in the table are forecast. When estimating yield rate
for the current coupon period (and all following periods), KASE used the value
of 7.551% APR. This value is a sum of the inflation index (from November 1, 2009
to November 1, 2010) which is calculated based on monthly consumer price
indices according to formula shown in the MEUJKAM issue terms and conditions
and the so-called fixed coupon - 0.01 % APR, which for MEUJKAM-192 of the
3rd issue is fixed at special exchange trading during the first placement.
Taking into account the previous placement, the total volume of MEUJKAM-192
of the 3rd issue has made up 9,000,000 bonds to the amount of
KZT9,000,000,000.00 of nominal value.
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.
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.
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
[2010-11-29]