/KASE, August 10, 11/ - Kazakhstan Stock Exchange (KASE) communicates that a
special trading session to place government long-term treasury bills of
Kazakhstan's Finance Ministry (MEUKAM) was held on August 10, 2011 in KASE
trading system. The table shows the main parameters of issue, terms and results
of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-84
National identification number: KZKDKY070107
Issue order number: 10 / 84
KASE trade code: MUM084_0010
Nominal value, tenge: 1,000.00
Payment date: August 10, 2011
First circulation date: August 10, 2011
Last circulation date: August 9, 2018
Maturity date: August 10, 2018
Circulation term: 7 years (2,520 days)
Coupon payment period: once a year
Coupon payment schedule: August 10, annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 12,000.0
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 price (rate)
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BID PARAMETERS:
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Traders - primary dealers: 14
Submitted orders (all / active): 51 / 40
including:
- limit: 46 / 35
- market: 5 / 5
Active orders*, m tenge: 46,604.2
including:
- limit: 32,254.2
- market: 14,350.0
Ask to bid, %: 388.4
Coupon rate on submitted orders, % APR (all / active):
- minimum 3.70 / 3.70
- maximum 7.00 / 7.00
- weighted average 4.0048 / 4.3195
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* active orders - orders, not annulled by traders at the
order submission expiry, including those confirmed by
Confirmation system members.
PLACEMENT RESULTS:
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Accepted orders, bonds: 12,000,000
Accepted orders: 10
Accepted orders, % of plan: 100.0
Coupon rate, % APR: 3.85
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Pension market entities submitted 22.7 % of all active orders, Kazakh
second-tier banks (STB) - 30.0 %, STBs' clients - 42.7 %, brokerage and dealing
companies - 1.7 %, and their clients - 2.8 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-84 of the tenth issue by the end of trade settlement were executed
17.1 % of bonds were purchased by pension funds, 4.9 % - by STBs, 68.9 % - by
STBs' clients, 9.1 % - by clients of brokerage and dealing companies.
MEUKAM sold by the Ministry of Finance shall be automatically admitted to
circulation on the secondary market under the trade code as in the table. The
bills will be quoted in net 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
[2011-08-10]