/KASE, March 30, 11/ - The Kazakhstan Stock Exchange (KASE) informs
that on March 30, 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-72
National identification number: KZKAKY060028
Order issue number: 2 / 72
KASE trade code: MUJ072_0002
Nominal value, tenge: 1,000.00
Payment date: March 30, 11
Circulation start date: March 30, 11
Circulation last date: March 29, 17
Maturity date: March 30, 17
Circulation term: 6 years (2,160 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 April 6, 12
2 April 5, 13
3 April 7, 14
4 April 6, 15
5 April 6, 16
6 April 6, 17
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 offering volume, m. tenge: 15,000.0
Trade subject: fixed coupon
Special terms on trade subject: must not be less or
equal to zero
Market orders satisfaction stake, %: 70
Orders submission method: closed
Orders receipt time: 09:00-11:00
Orders confirmation time: 09:00-11:30 (Т+0)
Striking time: before 15:00 (Т+0)
Payment time: before 15:00 (Т+0)
Orders satisfaction method: at striking price
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ASK PARAMETERS:
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Number of participants - primary dealers: 12
Number of submitted orders (total/active): 31 / 26
Including:
- limited: 12 / 8
- market: 19 / 18
Volume of active orders*, KZT, m: 107,752.0
Including:
- limited: 12,610.0
- market: 95,142.0
Ask to bid, %: 718.3
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: 20
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-72 of the second 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 March 1, 2010
to March 1, 2011), based on the consumer prices monthly indices, published
by the Agency of the Republic of Kazakhstan for Statistics, made up 108.9328.
It means that the forecasted yield to maturity of offered shares at present
is evaluated at the level of 8.94 % 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
[2011-03-30]