/KASE, December 7, 12/ - Kazakhstan Stock Exchange (KASE) communicates
that a repeated special trading session to place government long-term treasury
bills of Kazakhstan's Ministry of Finance (MEUKAM) was held on December
7, 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-84
National identification number: KZKDKY070115
Issue order number: 11 / 84
KASE trade code: MUM084_0011
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 23,937,670
Payment date: December 7, 2012
First circulation date: October 5, 2012
Last circulation date: October 4, 2019
Maturity date: October 5, 2019
Circulation term: 7 years (2,520 days)
Coupon rate: 6.00 % APR
Coupon payment periodicity: once a year
Coupon payment date: October 5, annually
Time base: 30 / 360
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PLACEMENT TERMS:
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Declared placement volume, pieces: 7,000,000
Trade subject: bonds' "net" price
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
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ASK PARAMETERS:
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Number of participants: 6
Submitted orders (all / active): 13 / 10
including:
- limited: 9 / 7
- market: 4 / 3
Active orders*, m tenge: 23,500.9
including:
- limited: 15,441.5
- market: 8,059.4
Bid to ask, %: 337.0
"Net" price on orders submitted, % (all/active):
- minimum 94.6863
- maximum 100.0000
- weighted average 98.9301 / 98.5890
Yield on orders submitted, % APR (all/active):
- minimum 6.00
- maximum 7.00
- weighted average 6.1922 / 6.2555
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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: 13,090,000
Volume of accepted orders, tenge: 13,222,017,013.32
Number of accepted orders: 5
Volume of orders accepted, % of plan: 187.0
"Net" price in orders accepted, %: 99.9752
Yield to maturity for buyer, % APR: 6.00
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Kazakh second-tier banks (STB) submitted 40.3 % of all active orders, STB
clients - 59.7 %.
According to Central Securities Depository (Almaty) all deals on placement of
MEUKAM-84 of the eleventh issue by the end of trade settlement were
executed. 38.2 % of the bonds sold were purchased by STB, 61.8 % - by STB
clients.
Taking into account the previous placement, the full volume of MEUKAM-84 of
the eleventh issue (KZKDKY070115) made up 37,027,670 bonds to the total
face value of KZT37,027,670,000.00.
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
[2012-12-07]