September 7 special trading session for additional offering of MEOKAM-48 of issue 47 (KZK2KY040477) of Kazakhstan's Ministry of Finance declared failed

07.09.12 17:21
/KASE, September 7, 12/ - Kazakhstan Stock Exchange (KASE) informs that a repeated special trading session to place government mid-term treasury bills of Kazakhstan's Ministry of Finance (MEOKAM) was held on September 7, 2012 in KASE trading system on the terms as below (Almaty time). ISSUE PARAMETERS: ------------------------------------------------- ------------------------------ Security type: МЕОКАМ-48 National identification number: KZK2KY040477 Issue order number: 47 / 48 KASE trade code: MOM048_0047 Nominal value, tenge: 1,000.00 Volume of bonds in circulation, pieces: 5,783,333 Payment date: September 7, 12 First circulation date: August 15, 12 Last circulation date: August 14, 16 Maturity date: August 15, 16 Circulation term: 4 years (1,440 days) Coupon rate: 3.83 % APR Coupon payment schedule: 1 February 15, 2013 2 August 15, 2013 3 February 15, 2014 4 August 15, 2014 5 February 15, 2015 6 August 15, 2015 7 February 15, 2016 8 August 15, 2016 Time base: 30 / 360 ------------------------------------------------- ------------------------------ PLACEMENT TERMS: ------------------------------------------------- ------------------------------ Declared placement volume, m tenge: 15,000.0 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) Order acceptance method: at striking price (rate) ------------------------------------------------- ------------------------------ BID PARAMETERS: ------------------------------------------------- ------------------------------ Number of participants primary dealers: 3 Number of submitted orders (all / active): 6 / 6 including: - limited: 6 - market: 0 Volume of active orders*, m tenge: 7,224.5 Bid to ask, %: 50.0 "Net" price on orders submitted, %: - minimum 95.5512 - maximum 97.6038 - weighted average 96.0929 Yield on orders submitted, % APR: - minimum 4.50 - maximum 5.09 - weighted average 4.9328 ------------------------------------------------- ------------------------------ * active orders - orders not annulled by traders at the order submission expiry including those confirmed by Confirmation system members. In the total volume of active orders pension market entities accounted for 66.7 %, Kazakhstan's second-tier banks (STB) - 33.3 %. The Ministry of Finance of the Republic of Kazakhstan declared this special trading session as failed due to an unfavourable price fixed on the orders submitted. 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 [2012-09-07]