/KASE, November 27, 12/ - Kazakhstan Stock Exchange (KASE) announces that a
repeated special trading session to place government mid-term treasury bonds
of Kazakhstan's Ministry of Finance (MEOKAM) was held in KASE trading
system on November 27, 2012 on the terms as below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEOKAM-60
National identification number: KZK2KY050468
Issue order number: 46 / 60
KASE trade code: MOM060_0046
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 19,600,000
Payment date: November 27, 2012
First circulation date: October 23, 2012
Last circulation date: October 22, 2017
Maturity date: October 23, 2017
Circulation term: 5 years (1,800 days)
Coupon rate: 5.50 % APR
Coupon payment schedule: 1 April 23, 2013
2 October 23, 2013
3 April 23, 2014
4 October 23, 2014
5 April 23, 2015
6 October 23, 2015
7 April 23, 2016
8 October 23, 2016
9 April 23, 2017
10 October 23, 2017
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, pieces: 10,000,000
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 price
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BID PARAMETERS:
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Number of participants - primary dealers: 4
Number of orders submitted (total / active): 6 / 6
including:
- limited: 5
- market: 1
Active orders*, mln tenge: 5,147.7
including:
- limited: 5,048.6
- market: 99.1
Bid to ask, %: 51.9
"Net price" on orders submitted, % APR:
- minimum 95.8498
- maximum 101.0635
- weighted average 98.6245
Yield on orders submitted, % APR:
- minimum 5.25
- maximum 6.50
- weighted average 5.8250
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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: 2,592,200
Volume of accepted orders, tenge: 2,605,517,283.49
Number of orders accepted: 3
Volume of accepted orders, % of plan: 25.9
"Net" price in orders accepted, %: 99.9943
Yield to maturity for buyer, % APR: 5.5000
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In the total number of active orders pension market entities accounted for 9.5 %,
Kazakhstan's second-tier banks (STB) - for 88.6 %, an STB client - for 1.9 %.
According to Central Securities Depository, all deals on placement of MEOKAM-60
of the 46th issue by the end of settlement on trade results were executed. 19.0 %
of the total volume of bonds sold were purchased by a pension market entity, 77.1
% - by STB, 3.9 % - by an STB client.
Taking into account the earlier placement the full volume of MEUKAM-60 of the
46th issue (KZK2KY050468) made up 22,192,200 bonds to the total face value of
KZT22,192,200,000.00.
MEOKAM 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
[2012-11-27]