/KASE, February 25, 11/ - The Kazakhstan Stock Exchange (KASE) informs that
on February 25, 2011 special trades were held in KASE trading system to place
government long-term treasury bonds of the Kazakhstan Finance Ministry
(MEUJKAM) on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM -120
National identification number: KZKAKY100071
Order issue number: 7 / 120
KASE trade code: MUJ120_0007
Nominal value, tenge: 1,000.00
Payment date: February 25, 2011
Circulation start date: February 25, 2011
Circulation last date: February 24, 2021
Maturity date: February 25, 2021
Circulation term: 10 years (3,600 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 March 7, 2012
2 March 7, 2013
3 March 7, 2014
4 March 6, 2015
5 March 7, 2016
6 March 7, 2017
7 March 7, 2018
8 March 7, 2019
9 March 6, 2020
10 March 5, 2021
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: 15,000.0
Trade subject: fixed coupon
Special terms on trade: must not be less or
equal to 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
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ASK PARAMETERS:
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Number of participants - primary dealers: 13
Number of submitted orders (total/active): 29 / 27
Including:
- limited: 15 / 13
- market: 14 / 14
Volume of active orders*, KZT, m: 114,840.0
Including:
- limited: 20,910.0
- market: 93,930.0
Ask to bid, %: 765.6
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: 15,000,000
Number of accepted orders: 16
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-120 of the seventh 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 February 1, 2010 to
February 1, 2011), based on the consumer prices monthly indices, published by
the Agency of the Republic of Kazakhstan for Statistics, made up 108.2888. It
means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 8.30 % 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
[2011-02-25]