/KASE, October 31, 12/ - Kazakhstan Stock Exchange (KASE) informs that on
October 31, 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-96
National identification number: KZKAKY080042
Issue order number: 4 / 96
KASE trade code: MUJ096_0004
Nominal value, tenge: 1,000.00
Payment date: October 31, 2012
First circulation date: October 31, 2012
Last circulation date: October 30, 2020
Maturity date: October 31, 2020
Circulation term: 8 years (2,880 days)
Coupon payment periodicity: once a year*
Coupon payment schedule: 1 November 7, 2013
2 November 7, 2014
3 November 6, 2015
4 November 7, 2016
5 November 7, 2017
6 November 7, 2018
7 November 7, 2019
8 November 6, 2020
Time base: 30 / 360
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* fifth working day of a month e very 12 full calendar months of circulation.
PLACEMENT TERMS:
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Declared placement volume, m tenge: 60,000.0
Trade subject: fixed coupon
Special conditions on trade subject: must be at least equal to zero
Special conditions on securities: Included into List of
Proportional Satisfaction
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 cut-off price (rate)
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BID PARAMETERS:
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Number of participants: 9
Number of submitted orders (total/active): 38 / 24
Including:
- limited: 10 / 7
- market: 28 / 17
Volume of active orders*, KZT m: 83,893.7
Including:
- limited: 26,262.0
- market: 57,631.7
Bid to ask, %: 139.8
Fixed coupon rate on confirmed orders, % APR:
- minimum: 0.01
- maximum: 0.10
- weighted average: 0.0132
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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: 20,000,000
Number of accepted orders: 22
Volume of accepted orders, % of plan: 33.3
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-96 of the fourth 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 October 1, 2011 to
October 1, 2012), based on the consumer prices monthly indices, published by
the Agency of the Republic of Kazakhstan for Statistics, made up 105.1143. It
means that the forecasted yield to maturity of offered shares at present is
evaluated at the level of 5.12 % 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
[2012-10-31]