/KASE, February 18, 11/ - Kazakhstan Stock Exchange (KASE) informed on the
special trades to place government mid-term treasury obligations of the
Kazakhstan Finance Ministry (MEOKAM) was held in the KASE trading system
on February 18, 2011 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: МЕОКАМ-48
National identification number: KZK2KY040451
Issue order number: 45 / 48
KASE trade code: MOM048_0045
Face value, tenge: 1,000.00
Payment date: February 18, 2011
First circulation date: February 18, 2011
Last circulation date: February 17, 2015
Maturity date: February 18, 2015
Circulation term: 4 years (1,440 days)
Coupon payment period: 2 times a year
Coupon payment schedule: 1 August 18, 2011
2 February 18, 2012
3 August 18, 2012
4 February 18, 2013
5 August 18, 2013
6 February 18, 2014
7 August 18, 2014
8 February 18, 2015
Time base: 30 / 360
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PLACEMENT TERMS:
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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)
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ASK PARAMETERS:
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Traders - primary dealers: 30
Submitted orders (all / active): 84 / 77
including:
- limit: 66 / 60
- market: 18 / 17
Active orders*, m tenge: 100,600.1
including:
- limit: 31,209.0
- market: 69,391.1
Ask to bid, %: 718.6
Net price on submitted orders, % (all / active):
- minimum: 1.60 / 2.00
- maximum: 84.75 / 5.00
- weighted average: 5.6331 / 3.7970
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* Active orders - orders, not annulled by traders at the
moment of order submission expiry, including those confirmed
by Confirmation system members.
PLACEMENT RESULTS:
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Accepted orders, bonds: 20,096,666
Accepted orders, % of plan: 143.5
Coupon rate, % APR: 3.30
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Pension market entities constituted for 10.2 % of orders, Kazakhstan second-tier
banks (STB) - 68.8 %, brokerage and dealer companies - 2.9 %, their clients -
10.5 %.
According to Central Securities Depository (Almaty) all deals on placement
of MEOKAM-48 of the 45th issue by the end of settlements on trades were
executed. From placed bonds 14.8 % were bought by pension market entities,
57.3 % - STB, 19.0 % - STB clients, 0.6 % brokerage and dealer companies
clients, 8.3 % - their clients.
MEOKAM sold by the Ministry of Finance shall automatically be admitted to
circulation on the KASE secondary market under the trade code indicated in the
table. At that bonds must be quoted in the KASE trading system in 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
[2011-02-18]