On April 4, Kazakhstan's Ministry of Finance placed 203.3 m MEKKAM-12 of 123rd issue (KZK1KY011230) at KASE raising KZT19.9 bn at 1.93 % APR
/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:
-------------------------------------------------------------------------- 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 ------------------------------------------------- ------------------------
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:
------------------------------------------------- ------------------------ 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 -------------------------------------------------------------------------- * active orders - orders, not annulled by traders at expiry of order submission, including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
-------------------------------------------------------------------------- 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 --------------------------------------------------------------------------
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 see more
The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more
[2012-04-04]