/KASE, March 25, 11/ - Kazakhstan Stock Exchange (KASE) has informed that
special trading in government long-term treasury obligations of Kazakhstan
Finance Ministry (MEUKAM) was held in KASE trading system on March 25, 2011.
The table below indicates the main parameters of the issue, terms and
results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-132
National identification number: KZKDKY110036
Issue order number: 3 / 132
KASE trade code: MUM132_0003
Nominal value, tenge: 1,000.00
Payment date: March 25, 2011
First circulation date: March 25, 2011
Last circulation date: March 24, 2022
Maturity date: March 25, 2022
Circulation term: 11 years (3,960 days)
Coupon payment period: once a year
Coupon payment date: March 25, each year
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 15,000.0
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 (rate) price
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ASK PARAMETERS:
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Trades - primary dealers: 12
Submitted orders (total / active): 35 / 34
including:
- limited: 32 / 31
- market: 3 / 3
Volume of active orders*, m tenge: 26,860.0
Including:
- limited: 24,330.0
- market: 2,530.0
Ask to bid, %: 179.1
Coupon rate on submitted orders, % APR (total / active):
- minimum 4.00 / 4.00
- maximum 6.50 / 6.50
- weighted average 5.3058 / 5.3432
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* active orders - orders, not annulled by trade participants
as at the expiry of order submission, including those confirmed
by Confirmation system participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 20,130,000
Number of accepted orders: 29
Volume of accepted orders, % of plan: 134.2
Coupon rate, % APR: 5.60
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Pension market entities accounted for 31.6 %, Kazakhstan second-tier banks
(STB) - 32.6 %, STB clients - 11.7 %, brokerage and dealer companies - 8.3 %,
their clients - 15.8 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-132 of the third issue by the end of settlement were executed. 14.9 %
of the placed bonds' total volume was bought by the pension market entities,
38.5 % - by STB, 15.6 % - by STB clients, 9.9 % - by brokerage and dealer
companies, 21.1 % - by clients of brokerage and dealer companies.
MEUKAM sold by the Finance Ministry shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table.
At that bonds must be quoted in net prices in the KASE trading system.
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
[2011-03-25]