Kazakhstan Finance Ministry placed 45.0 m MEKKAM-12 of 112th issue (KZK1KY011123) to the amount of KZT4.4 bn at 1.72 % APR on January 19
/KASE, January 19, 11/ - The Kazakhstan Stock Exchange (KASE) informs that on January 19, 2011 special trades were held in KASE trading system to place government short-term treasury bonds of the Kazakhstan Finance Ministry (MEKKAM) on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
----------------------------------- ------------------- Security type: MEKKAM -12 National identification number: KZK1KY011123 Issue order number: 112 / 12 KASE trade code: MKM012_0112 Nominal value, tenge: 100.00 Payment date: January 19, 2011 First circulation date: January 19, 2011 Last circulation date: January 18, 2012 Maturity date: January 19, 2012 Circulation term: 365 days Time base: actual / actual ----------------------------------- -------------------
PLACEMENT TERMS:
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Declared placement volume, m tenge: 15,000.0
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
price
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ASK PARAMETERS:
----------------------------------- ------------------- Traders - primary dealers: 14 Submitted orders (total / active): 39 / 37 including: - limit: 28 / 26 - market: 11 / 11 Active orders*, m tenge: 38,015.3 including: - limit: 16,388.3 - market: 21,627.0 Ask to bid, %: 258.5 Price on submitted orders, % (all / active): - minimum: 97.2763 / 97.2763 - maximum: 98.3768 / 98.3768 - weighted average: 98.0120 / 98.0457 Yield on submitted orders, % APR (all / active): - minimum: 1.6500 / 1.6500 - maximum: 2.8000 / 2.8000 - weighted average: 2.0283 / 1.9933 ------------------------------------------------------- * active orders - orders, not annulled by traders at expiry of order submission, including those confirmed by Confirmation System participants. PLACEMENT RESULTS*: ------------------------------------------------------- Accepted orders, bonds: 45,000,000 Accepted orders, tenge: 4,424,039,799.99 Accepted orders, % of plan: 30.0 Price in accepted orders, %: - minimum (striking): 98.2415 - maximum 98.3768 - weighted average: 98.3120 Yield of bills to maturity for buyer, % APR: - minimum: 1.6500 - maximum 1.7900 - weighted average: 1.7170 -------------------------------------------------------
In the total number of active orders pension market entities constituted - 14.2 %, STB - 58.0 %, STB clients - 18.5 %, brokerage and dealer companies - 5.2 %, their clients - 4.1 %.
According to Central Securities Depository all deals on placement of MEKKAM - 12 of 112th issue by the end of settlement on trade results were executed. 11.1 % of total offered bonds were purchased by pension market entities, 59.3 % - by STB, 22.8 % - by STB clients, 5.6 % - by brokerage and dealer companies, 1.2 % - by their clients.
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 see more
The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more
[2011-01-19]