/KASE, February 16, 11/ - The Kazakhstan Stock Exchange (KASE) informs that
on February 16, 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: KZK1KY011131
Issue order number: 113 / 12
KASE trade code: MKM012_0113
Nominal value, tenge: 100.00
Payment date: February 16, 2011
First circulation date: February 16, 2011
Last circulation date: February 15, 2012
Maturity date: February 16, 2012
Circulation term: 365 days
Time base: actual / actual
-------------------------------------------------------
PLACEMENT TERMS:
-------------------------------------------------------
Declared placement volume, m tenge: 15,000.0
Trade subject: bond's 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
-------------------------------------------------------
ASK PARAMETERS:
-------------------------------------------------------
Traders - primary dealers: 19
Submitted orders (total / active): 57 / 50
including:
- limit: 44 / 38
- market: 13 / 12
Active orders*, m tenge: 47,032.6
including:
- limit: 17,125.5
- market: 29,907.1
Ask to bid, %: 320.3
Price on submitted orders, % (all / active):
- minimum: 95.1022/ 95.1022
- maximum: 98.5222 / 98.5222
- weighted average: 98.2385 / 97.9019
Yield on submitted orders, % APR (all / active):
- minimum: 1.5000 / 1.5000
- maximum: 5.1500 / 5.1500
- weighted average: 1.7931 / 2.1431
-------------------------------------------------------
* active orders - orders, not annulled by traders
at expiry of order submission, including those
confirmed by Confirmation System participants.
PLACEMENT RESULTS:
-------------------------------------------------------
Accepted orders, bonds: 150,000,000
Accepted orders, tenge: 14,758,622,035.00
Accepted orders, % of plan: 100.0
Price in accepted orders, %:
- minimum (striking): 98.3284
- maximum 98.5222
- weighted average: 98.3908
Yield of bills to maturity for buyer, % APR:
- minimum: 1.5000
- maximum 1.7000
- weighted average: 1.6355
-------------------------------------------------------
In the total number of active orders pension market entities constituted -
22.9 %, STB - 64.7 %, STB clients - 3.2 %, brokerage and dealer companies -
4.6 %, their clients - 4.6 %.
According to Central Securities Depository, all deals on placement of MEKKAM- 12
of 113th issue by the end of settlement on trade results were executed. 29.4 %
of total offered bonds were purchased by pension market entities, 52.4 % - by
STB, 2.4 % - by STB clients, 5.0 % - by brokerage and dealer companies, 10.8 % -
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
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
[2011-02-16]