/KASE, April 4, 12/ - Kazakhstan Stock Exchange (KASE) informs that on April
4, 2012 a special trading session was held in KASE trading system to place
government short-term treasury bonds of the Ministry of Finance of the
Republic of Kazakhstan (MEKKAM) on the terms as below (discount bonds,
Almaty time).
ISSUE PARAMETERS:
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Security type: MEKKAM-12
National identification number: KZK1KY011230
Issue order number: 123 / 12
KASE trade code: MKM012_0123
Nominal value, tenge: 100.00
Payment date: April 4, 2012
First circulation date: April 4, 2012
Last circulation date: April 3, 2013
Maturity date: April 4, 2013
Circulation term: 365 days
Time base: actual / actual
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PLACEMENT TERMS:
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Declared placement volume, m tenge: 15,000.0
Trade subject: bond's 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)
Limited order acceptance method: at submitted price
Market order acceptance method: at weighted average
price
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ASK PARAMETERS:
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Traders - primary dealers: 12
Submitted orders (total / active): 28 / 28
including:
- limited: 18
- market: 10
Active orders*, m tenge: 47,914.7
including:
- limited: 29,965.0
- market: 17,949.7
Bid to ask, %: 326.2
Price on submitted orders, % (all / active):
- minimum: 97.5610
- maximum: 98.5221
- weighted average: 98.1354
Yield on submitted orders, % APR (all / active):
- minimum: 1.9000
- maximum: 2.5000
- weighted average: 2.1189
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* active orders - orders, not annulled by traders at expiry of order
submission, including those confirmed by Confirmation
System participants.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 203,333,333
Volume of accepted orders, tenge: 19,947,489,567.30
Number of orders accepted: 13
Volume of accepted orders, % of plan: 135.6
Price in accepted orders, %:
- minimum (cut-off): 98.0400
- maximum: 98.1354
- weighted average: 98.1024
Yield of bonds to maturity for buyer, % APR:
- minimum: 1.9000
- maximum: 1.9992
- weighted average: 1.9343
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In the total volume of active orders second tier banks accounted for 88.6 %,
STB clients - 9.4 %, brokerage firms' clients - 2.0%.
According to Central Securities Depository, all deals on placement of
MEKKAM-12 of 123rd issue by the end of settlement on trade results were
executed. 84.4 % of the total offered bonds were purchased by STB,
15.6 % - by STB clients.
MEKKAM 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 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
[2012-04-04]