/KASE, April 28, 11/ - The Kazakhstan Stock Exchange (KASE) informs that
on April 28, 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 -144
National identification number: KZKAKY120020
Issue order number: 2 / 144
KASE trade code: MUJ144_0002
Nominal value, tenge: 1,000.00
Payment date: April 28, 2011
First circulation date: April 28, 2011
Last circulation date: April 27, 2023
Maturity date: April 28, 2023
Circulation term: 12 years
(4,320 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 May 8, 2012
2 May 8, 2013
3 May 8, 2014
4 May 8, 2015
5 May 6, 2016
6 May 8, 2017
7 May 8, 2018
8 May 8, 2019
9 May 8, 2020
10 May 7, 2021
11 May 6, 2022
12 May 8, 2023
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: 10,000.0
Trade subject: fixed coupon
Special terms on trade: equals or exceeds
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
(rate)
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ASK PARAMETERS:
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Number of participants - primary dealers: 12
Number of submitted orders (total/active): 40 / 24
Including:
- limited: 19 / 4
- market: 21 / 20
Volume of active orders*, KZT, m: 116,694.0
Including:
- limited: 10,100.0
- market: 106,594.0
Ask to bid, %: 1166.9
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: 4,000,000
Number of accepted orders: 21
Volume of accepted orders, % of plan: 40.0
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-144 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 April 1, 2010
to April 1, 2011), based on the consumer prices monthly indices, published
by the Agency of the Republic of Kazakhstan for Statistics, made up 108.7164.
It means that the forecasted yield to maturity of offered shares at present
is evaluated at the level of 8.73 % 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
[2011-04-28]