/KASE, January 28, 11/ - Kazakhstan Stock Exchange (KASE) informs that on
January 28, 2011 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 -228
National identification number: KZKAKY190049
Issue order number: 4 / 228
KASE trade code: MUJ228_0004
Face value, tenge: 1,000.00
Payment date: January 28, 2011
First circulation date: January 28, 2011
Last circulation date: January 27, 2030
Maturity date: January 28, 2030
Circulation term: 19 years (6,840 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 February 7, 2012
2 February 7, 2013
3 February 7, 2014
4 February 6, 2015
5 February 5, 2016
6 February 7, 2017
7 February 7, 2018
8 February 7, 2019
9 February 7, 2020
10 February 5, 2021
11 February 7, 2022
12 February 7, 2023
13 February 7, 2024
14 February 7, 2025
15 February 6, 2026
16 February 5, 2027
17 February 7, 2028
18 February 7, 2029
19 February 7, 2030
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: 10,000.0
Trade subject: fixed coupon
Special terms on trade: equals or exceeds 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: 11
Number of submitted orders (total/active): 26 / 21
Including:
- limited: 12 / 7
- market: 14 / 14
Volume of active orders*, KZT, m: 110,345.0
Including:
- limited: 22,410.0
- market: 87,935.0
Ask to bid, %: 1,103.5
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: 10,000,000
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-228 of the fourth 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 January 1, 2010 to
January 1, 2011), based on the consumer prices monthly indices, published by
the Agency of the Republic of Kazakhstan for Statistics, made up 107.9694. It
means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 7.98 % 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
[2011-01-28]