/KASE, August 18, 11/ - Kazakhstan Stock Exchange (KASE) informs that a special
trading session for placement of government long-term treasury obligations of
the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) took place in
KASE trading system on August 18, 2011. Below are the main parameters of the
issue, terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-180
National identification number: KZKDKY150040
Issue order number: 4 / 180
KASE trade code: MUM180_0004
Nominal value, tenge: 1,000.00
Payment date: August 18, 2011
First circulation date: August 18, 2011
Last circulation date: August 17, 2026
Maturity date: August 18, 2026
Circulation term: 15 years (5,400 days)
Coupon payment: once a year
Coupon payment date: August 18, annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared volume, m. tenge: 14,000.0
Trade subject: coupon rate
Market order satisfaction share, %: 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 satisfaction method: at striking price (rate)
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ASK PARAMETERS
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Participants - primary dealers: 17
Submitted orders (total / active): 45 / 40
Including:
- limited: 44 / 39
- market: 1 / 1
Volume of active orders*, m tenge: 33,410.7
including:
- limited: 32,910.7
- market: 500.0
Ask to bid, %: 238.6
Coupon rate on submitted orders, % APR (total / active):
- minimum 4.60 / 4.60
- maximum 7.00 / 7.00
- weighted average 5.8656 / 5.7707
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* active orders - orders, not annulled by trade participants
on expiry of order submission period, including that confirmed
by Confirmation system participants.
PLACEMENT RESULTS:
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Volume of satisfied orders, bonds: 11,500,000
Number of satisfied orders: 19
Volume of satisfied orders, % of plan: 82.1
Coupon rate, % APR: 5.50
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In the total volume of active orders pension market entities accounted for
33.5 %, Kazakhstan STBs - 22.4 %, STB's clients - 20.1 %, brokerage and
dealing companies - 2.4 %, their clients - 21.6 %.
According to data of Central Securities Depository (Almaty) all deals on
placement of MEUKAM-180 of the fourth issue by the end of settlement of results
of trade were executed. 14.8 % of the total volume of placed bonds were
purchased by pension market entities, 52.2 % - by STB, 4.3 % - by STB's clients,
1.7 % - by brokerage and dealing companies, 27.0 5 - by their clients.
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
[2011-08-18]