/KASE, August 28, 12/ - Kazakhstan Stock Exchange (KASE) informs that on
August 28, 2012 a special trading session was held in KASE trading system to
place government long-term treasury bonds of Kazakhstan's Ministry of
Finance (MEUJKAM) on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-168
National identification number: KZKAKY140051
Issue order number: 5 / 168
KASE trade code: MUJ168_0005
Nominal value, tenge: 1,000.00
Payment date: August 28, 2012
First circulation date: August 28, 2012
Last circulation date: August 27, 2026
Maturity date: August 28, 2026
Circulation term: 14 years (5,040 days)
Coupon payment periodicity: once a year*
Coupon payment schedule: 1 September 6, 2013
2 September 5, 2014
3 September 7, 2015
4 September 7, 2016
5 September 7, 2017
6 September 7, 2018
7 September 6, 2019
8 September 7, 2020
9 September 7, 2021
10 September 7, 2022
11 September 7, 2023
12 September 6, 2024
13 September 5, 2025
14 September 7, 2026
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: 15,000.0
Trade subject: fixed coupon
Special terms on trade subject: must not be less or
equal null
Special terms on securities: Included in Proportional
Satisfaction List
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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BID PARAMETERS:
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Number of participants: 9
Number of submitted orders (total/active): 25 / 25
Including:
- limited: 9
- market: 16
Volume of active orders*, KZT m: 153,295.9
Including:
- limited: 42,103.8
- market: 111,192.1
Bid to ask, %: 10.2
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: 30,000,000
Number of accepted orders: 25
Volume of accepted orders, % of plan: 200.0
Cut-off rate (coupon fixed rate), % APR: 0.01
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According to data of Central Securities Depository (Almaty) all deals on offering
of MEUJKAM-168 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 August 1, 2011 to August
1, 2012), based on the consumer prices monthly indices, published by the Agency
of the Republic of Kazakhstan for Statistics, made up 104. 8009. It means that the
forecasted yield to maturity of offered shares at present is evaluated at the
level of 4.81 % 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
[2012-08-28]