/KASE, May 3, 12/ - Kazakhstan Stock Exchange (KASE) informs that on May
3, 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: МЕККАМ-12
National identification number: KZK1KY011230
Issue order number: 123 / 12
KASE trade code: MKM012_0123
Nominal value, tenge: 100.00
Volume of bonds in circulation, pieces: 203,333,333
Payment date: May 3, 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, pieces: 150,000,000
Trade subject: "net" price of bonds
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: 6
Submitted orders (total / active): 11 / 10
including:
- limited: 6 / 5
- market: 5 / 5
Active orders*, m tenge: 22,059.5
including:
- limited: 4,411.9
- market: 17,647.6
Bid to ask, %: 150.0
"Net" price on submitted orders, % (all / active):
- minimum: 97.7483
- maximum: 98.1923
- weighted average: 98.0484 / 98.0421
Yield on submitted orders, % APR (all / active):
- minimum: 1.9999
- maximum: 2.5024
- weighted average: 2.1623 / 2.1693
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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: 133,333,333
Volume of accepted orders, tenge: 13,077,185,634.00
Number of orders accepted: 9
Volume of accepted orders, % of plan: 88.9
Price in accepted orders, %:
- minimum (cut-off): 98.0100
- maximum: 98.0789
- weighted average: 98.0789
Yield of bonds to maturity for buyer, % APR:
- minimum: 1.9999
- maximum: 2.2056
- weighted average: 2.1278
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In the total volume of active orders second tier banks (STB) accounted for 53.3
%, STB clients - 46.7%.
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.
59.2 % of the total offered bonds were purchased by STB, 40.8 % - by STB
clients.
Taking into account the previous placement, the full volume of MEKKAM-12 of
123rd issue (KZK1KY011230) made up 336,666,666 bonds with the total face
value of KZT33,666,666,600.00.
MEKKAM sold by Kazakhstan's Ministry of Finance 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
[2012-05-03]