/KASE, October 28, 11/ - Kazakhstan Stock Exchange (KASE) informs that
on October 28, 2011 a specialized trading session was held in KASE trading
system to place government long-term treasury obligations of the Ministry
of Finance of the Republic of Kazakhstan (MEUJKAM) on the terms as below
(Almaty time).
ISSUE PARAMETERS:
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Security type: МЕУЖКАМ-84
National identification number: KZKAKY070019
Issue order number: 1 / 84
KASE trade code: MUJ084_0001
Nominal value, tenge: 1,000.00
Payment date: October 28, 11
First circulation date: October 28, 11
Last circulation date: October 27, 18
Maturity date: October 28, 18
Circulation term: 7 years (2,520 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 November 7, 12
2 November 7, 13
3 November 7, 14
4 November 6, 15
5 November 7, 16
6 November 7, 17
7 November 7, 18
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: 13,000.0
Trade subject: fixed coupon
Special terms on trade: equals or exceeds null
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: 15
Number of submitted orders (total/active): 776 / 22
Including:
- limited: 758 / 5
- market: 18 / 17
Volume of active orders*, KZT, m: 123,961.0
Including:
- limited: 13,100.0
- market: 110,861.0
Ask to bid, times: 953.5
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: 16,000,000
Number of accepted orders: 22
Volume of accepted orders, % of plan: 123.1
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-84 of the first issue were satisfied at the moment of
settlements completion by trades results.
The current index value for the last full 12 months (from October 1, 2010 to
October 1, 2011), based on the consumer prices monthly indices, published by
the Agency of the Republic of Kazakhstan for Statistics, made up 108.8266. It
means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 8.84 % 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
[2011-10-28]