/KASE, February 28, 12/ - The Kazakhstan Stock Exchange (KASE) informs
that on February 28, 2012 the special trading session was held in KASE
trading system to place government long-term treasury bonds of the
Kazakhstan Finance Ministry (MEUJKAM) on the terms below (discount
bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM -204
National identification number: KZKAKY170058
Issue order number: 5 / 204
KASE trade code: MUJ204_0005
Nominal value, tenge: 1,000.00
Payment date: February 28, 2012
First circulation date: February 28, 2012
Last circulation date: February 27, 2029
Maturity date: February 29, 2029
Circulation term: 17 years (6,120
days)
Coupon payment periodicity: once a year *
Coupon payment schedule: 1 March 7, 2013
2 March 7, 2014
3 March 6, 2015
4 March 7, 2016
5 March 7, 2017
6 March 7, 2018
7 March 7, 2019
8 March 6, 2020
9 March 5, 2021
10 March 7, 2022
11 March 7, 2023
12 March 7, 2024
13 March 7, 2025
14 March 6, 2026
15 March 5, 2027
16 March 7, 2028
17 March 7, 2029
Time base: 30 / 360
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* fifth working day of a month every 12 full calendar months
of circulation.
PLACEMENT TERMS:
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Declared placement volume, m tenge: 20,000.0
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 PARAMETER:
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Number of participants - primary dealers: 13
Number of submitted orders (total/active): 2,588 / 25
Including:
- limited: 2,563 / 4
- market: 25 / 21
Volume of active orders*, KZT, m: 140,964.0
Including:
- limited: 12,100.0
- market: 128,864.0
Ask to bid, %: 704.8
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: 20 000 000
Number of accepted orders: 23
Volume of accepted orders, % of plan: 100,0
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-204 of the fifth issue were satisfied at the moment
of settlements completion by trades results.
Money, contributed into MEUJKAM are indexed through accrual of the indexed
coupon, received from the fixed coupon summation, determined at offering and
the inflation index for the past coupon period.
The current index value for the last full 12 months (from February 1, 2011
to February 1, 2012), based on the consumer prices monthly indices, published
by the Agency of the Republic of Kazakhstan for Statistics, made up 105.9499.
It means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 5.96 % 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
[2012-02-28]