/KASE, September 12, 12/ - Kazakhstan Stock Exchange (KASE) informs that
the repeated special trading session to place government long-term treasury
bills of the Kazakhstan Finance Ministry (MEUKAM) was held on September 12,
2012 in KASE trading system. The table shows the main parameters of issue,
terms and results of placement (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-120
National identification number: KZKDKY100110
Issue order number: 11 / 120
KASE trade code: MUM120_0011
Nominal value, tenge: 1,000.00
Number of bonds in circulation, pieces: 33,718,000
Payment date: September 12, 2012
First circulation date: March 19, 2012
Last circulation date: March 18, 2022
Maturity date: March 19, 2022
Circulation term: 10 years (3,600 days)
Coupon rate: 5.30 % APR
Coupon payment periodicity: once a year
Coupon payment date: March 19, annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, pieces: 15,000,000
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)
Order acceptance method: at striking (rate) price
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BID PARAMETERS:
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Number of participants: 3
Number of submitted orders (all / active): 8 / 7
including:
- limited: 8 / 7
- market: 0
Volume of active orders*, m tenge: 4,058.4
Bid to ask, %: 26.7
"Net" price on orders submitted, %:
- minimum 97.0858
- maximum 100.0392
- weighted average 98.9141
Yield on orders submitted, % APR:
- minimum 5.29
- maximum 5.70
- weighted average 5.4444
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* active orders - orders not annulled by traders at the order submission
expiry including those confirmed by Confirmation system members.
PLACEMENT RESULTS:
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Volume of accepted orders, bonds: 2,000,000
Volume of accepted orders, tenge: 2,050,256,888.88
Number of accepted orders: 4
Volume of accepted orders, % of plan: 13.3
"Net" price in orders accepted, %: 99.9659
Yield of bonds to maturity for buyer, % APR: 5.30
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In the total volume of active orders pension market entities accounted for
12.5 %, Kazakhstan second-tier banks (STB) - 87.5 %.
According to Central Securities Depository (Almaty) all deals on placement
of MEUKAM-120 of the 11th issue by the end of trade settlement were executed.
25.0 % from the total volume of offered bonds were purchased by pension
market entities, 75.0 % - STB.
Taking into account previous offering, the total volume of МЕУКАМ-120 of
the 11th issue (KZKDKY100110) made up 35,718,000 bonds to the face value
of KZT35,718,000,000.00.
MEUKAM sold by the Ministry of Finance shall be automatically admitted to
circulation on the secondary market under the trade code as in the table.
The bills will be quoted in net 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
[2012-09-12]