/KASE, December 15, 11/ - Kazakhstan Stock Exchange (KASE) announces that on
December 15, 2011 a repeated special trading session was held in KASE trading
system to place government long-term treasury bonds of Kazakhstan's Finance
Ministry (MEUKAM) on the terms as below (Almaty time).
ISSUE PARAMETERS:
---------------------------------------------- ---------------------------------
Security type: MEUKAM-156
National identification number: KZKDKY130042
Issue order number: 4 / 156
KASE trade code: MUM156_0004
Nominal value, tenge: 1,000.00
Number of bonds in circulation: 10,000,000
Payment date: December 15, 2011
First circulation date: September 21, 2011
Last circulation date: September 20, 2024
Maturity date: September 21, 2024
Circulation term: 13 years (4,680 days)
Coupon payment periodicity: once a year
Coupon payment schedule: September 21, annually
Time base: 30 / 360
---------------------------------------------- ---------------------------------
PLACEMENT TERMS:
---------------------------------------------- ---------------------------------
Declared placement volume, units: 15,000,000
Trade subject: Bonds' "net" 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)
Order acceptance method: at striking price (rate)
---------------------------------------------- ---------------------------------
ASK PARAMETERS:
---------------------------------------------- ---------------------------------
Traders - primary dealers: 5
Submitted orders (total / active): 15 / 9
including:
- limit: 15 / 9
- market: 0
Active orders*, m tenge: 11,171.2
Ask to bid, %: 74.3
Net price rate on submitted orders, % APR (all / active):
- minimum: 93.3204 / 93.3204
- maximum: 100.4435 / 100.4435
- weighted average: 48.8018 / 99.0667
Yield on submitted orders, % APR (all / active):
- minimum: 4.95 / 4.95
- maximum: 5.75 / 5.75
- weighted average: 5.1989 / 5.0994
--------------------------------------------------------------------------------
* active orders - orders, not annulled by traders at expiry of order submission,
including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
--------------------------------------------------------------------------------
Accepted orders, bonds: 9,547,000
Accepted orders, tenge: 9,481,265,722.67
Number of accepted orders: 6
Accepted orders, % of plan: 63.6
Net price in accepted orders, %: 98.1448
Coupon yield, % APR: 5.20
--------------------------------------------------------------------------------
In the total number of active orders pension market entities constituted 62.8 %,
second tier banks (STB) - 23.3 %, STB clients - 0.4 %, clients of brokerage and
dealer companies - 13.5 %.
According to Central Securities Depository all deals on placement of MEUKAM-156
of 4th issue by the end of settlement on trade results were executed. 73.3 % of
total offered bonds were purchased by pension market entities, 21.0 % - by STB,
0.5 % - by STB clients, 5.2% - by clients of brokerage and dealer companies.
Together with the placement made earlier the total volume of MEUKAM-156 of the
fourth issue (KZKDKY130042) makes up 19,547,000 bonds with the total face value
of KZT19,547,000,000.00.
MEUKAM sold by Kazakhstan's Finance Ministry shall automatically be admitted to
circulation on the KASE secondary market under the trade code as in the table.
The securities must quote in KASE trading systems at 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
[2011-12-15]