/KASE, January 25, 11/ - Kazakhstan Stock Exchange (KASE) has informed that
on January 25, 2011 KASE held special trades to place government long-term
treasury bonds of the Kazakhstan Finance Ministry (MEUKAM) on the terms
as below (Almaty time).
ISSUE PARAMETERS:
---------------------------------------------- --------------------------------
Security type: MEUKAM-156
National identification number: KZKDKY130034
Issue order number: 3 / 156
KASE trade code: MUM156_0003
Nominal value, tenge: 1,000.00
Payment date: January 25, 2011
First circulation date: January 25, 2011
Last circulation date: January 24, 2024
Maturity date: January 25, 2024
Circulation: 13 years (4,680 days)
Coupon payment period: once a year
Coupon payment schedule: January 25, each year
Time base: 30 / 360
---------------------------------------------- --------------------------------
PLACEMENT TERMS:
---------------------------------------------- --------------------------------
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 price (rate)
---------------------------------------------- --------------------------------
ASK PARAMETERS:
---------------------------------------------- --------------------------------
Traders - primary dealers: 19
Submitted orders (total / active): 40 / 38
including:
- limit: 31 / 29
- market: 9 / 9
Active orders*, m tenge: 51 290.0
including:
- limit: 28,350.0
- market: 22,940.0
Ask to bid, %: 366.4
Coupon rate on submitted orders, % APR (all / active):
- minimum: 5.10 / 5.10
- maximum: 7.50 / 7.50
- weighted average: 5.8937 / 5.9180
--------------------------------------------------------------------------------
* active orders - orders, not annulled by traders at expiry of order
submission, including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
--------------------------------------------------------------------------------
Accepted orders, bonds: 2,833,333
Accepted orders, % of plan: 20.2
Coupon rate, % APR: 5.15
--------------------------------------------------------------------------------
In the total number of active orders pension market entities constituted -
27.9 %, Second Tier Banks (STB) - 26.3 %, STB clients - 24.6 %, brokerage and
dealer companies - 3.9%, their clients - 17.3 %.
According to Central Securities Depository all deals on placement of MEUKAM-
156 of 3rd issue by the end of settlement on trade results were executed. 8.5 %
of total offered bonds were purchased by pension market entities, 25.9 % - by
STB, 29.4 % - by STB clients, 8.8% - by brokerage and dealer companies,
27.3% - by their clients.
MEUKAM 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 securities must quote in KASE trading systems at 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
[2011-01-25]