/KASE, July 8, 11/ - Kazakhstan Stock Exchange (KASE) informs that on July 8,
2011 special trades were held in KASE trading system to place government
short-term treasury bonds of Kazakhstan Finance Ministry (MEKKAM) on the terms
as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011172
Issue order number: 117 / 12
KASE trade code: MKM012_0117
Nominal value, tenge: 100.00
Payment date: July 8, 2011
First circulation date: July 8, 2011
Last circulation date: July 7, 2012
Maturity date: July 8, 2012
Circulation term: 366 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 13,000.0
Trade subject: bond price
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)
Limit order acceptance method: at submitted price
Market order acceptance method: at weighted average
price
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ASK PARAMETERS:
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Traders - primary dealers: 12
Submitted orders (total / active): 25 / 24
including:
- limit: 18 / 18
- market: 7 / 6
Active orders*, m tenge: 53,828.0
including:
- limit: 26,594.5
- market: 27,233.5
Ask to bid, %: 421.2
Price on submitted orders, % (all / active):
- minimum: 98.0392
- maximum: 98.4252
- weighted average: 98.3161
Yield on submitted orders, % APR (all / active):
- minimum: 16000
- maximum: 2.0000
- weighted average: 1.7128
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* active orders - orders, not annulled by traders
at expiry of order submission, including those
confirmed by Confirmation System participants.
PLACEMENT RESULTS:
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Accepted orders, bonds: 130,000,000
Accepted orders, tenge: 12,794,821,699.99
Number of orders accepted: 9
Accepted orders, % of plan: 100.0
Price in accepted orders, %:
- minimum (striking): 98.4058
- maximum 98.4252
- weighted average: 98.4217
Yield of bills to maturity for buyer, % APR:
- minimum: 1.6000
- maximum 1.6200
- weighted average: 1.6036
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In the total number of active orders pension market entities accounted for
14.4 %, Kazakhstan's second tier banks (STB) accounted for 76.5 %, STB clients -
8.6 %, clients of brokerage and dealer companies - 0.5 %.
According to Central Securities Depository, all deals on placement of MEKKAM-
12 of 117th issue by the end of settlement on trade results were executed.
23.1 % of total offered bonds were purchased by pension market entities,
65.0 % - by STB, 11.9 % - by STB clients.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be
admitted to circulation on the KASE secondary market under the trade code as in
the table.
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
[2011-07-08]