/KASE, November 23, 12/ - Kazakhstan Stock Exchange (KASE) announces that a
repeated special trading session to place government long-term treasury bonds
of Kazakhstan's Ministry of Finance (MEUKAM) was held in KASE trading
system on November 23, 2012 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUKAM-72
National identification number: KZKDKY060108
Issue order number: 10 / 72
KASE trade code: MUM072_0010
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 2,400,000
Payment date: November 23, 2012
First circulation date: November 9, 2012
Last circulation date: November 8, 2018
Maturity date: November 9, 2018
Circulation term: 6 years (2,160 days)
Coupon rate: 5.75 % APR
Coupon payment periodicity: once a year
Coupon payment date: November 9 annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, pieces: 7,000,000
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 cut-off price (rate)
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BID PARAMETERS:
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Number of participants: 4
Number of orders submitted (total / active): 14 / 9
including:
- limited: 14 / 9
- market: 0
Active orders*, mln tenge: 9,171.9
Bid to ask, %: 136.4
"Net price" on orders submitted, % APR (all / active):
- minimum 85.4839
- maximum 100.0000
- weighted average 96.8379 / 95.8172
Yield on orders submitted, % APR (all / active):
- minimum 5.7488
- maximum 9.0000
- weighted average 6.4034 / 6.6205
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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: 2,050,000
Volume of accepted orders, tenge: 2,054,461,027,78
Number of orders accepted: 3
Volume of accepted orders, % of plan: 29.3
"Net" price in orders accepted, %: 99.9940
Yield to maturity for buyer, % APR: 5.7500
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In the total number of active orders pension market entities accounted for 5.8 %,
Kazakhstan's second-tier banks (STB) - for 94.2 %.
According to Central Securities Depository, all deals on placement of MEUKAM-72
of the 10th issue by the end of settlement on trade results were executed. 2.4 %
of the total volume of bonds sold were purchased by pension market entities,
97.6 % - by STB.
Taking into account the earlier placement the full volume of MEUKAM-72 of the
10th issue (KZKDKY060108) made up 4,450,000 bonds to the total face value of
KZT4,450,000,000.00.
MEUKAM 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 securities must quote in KASE trading systems at 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
[2012-11-23]