/KASE, December 13, 12/ - Kazakhstan Stock Exchange (KASE) announces
that a repeated special trading session for offering of government short-term
treasury bonds of Kazakhstan's Ministry of Finance (MEKKAM) was held in
KASE trading system on December 13, 2012 on the terms as below (Almaty
time).
ISSUE PARAMETERS:
----------------------------------------------------- ---------------------------
Security type: MEKKAM-9
National identification number: KZK1KM090187
Issue order number: 18 / 9
KASE trade code: MKM009_0018
Nominal value, tenge: 100.00
Volume of bonds in circulation, pieces: 100,000,000
Payment date: December 13, 2012
First circulation date: November 7, 2012
Last circulation date: August 6, 2013
Maturity date: August 7, 2013
Circulation term: 274 days
Time base: actual / actual
----------------------------------------------------- ---------------------------
PLACEMENT TERMS:
----------------------------------------------------- ---------------------------
Declared offering volume, pieces: 80,000,000
Trade subject: "net" price of bond
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)
Limit order acceptance method: at submitted price
Market order acceptance method: at weighted average
price
----------------------------------------------------- ---------------------------
BID PARAMETERS:
----------------------------------------------------- ---------------------------
Number of participants - primary dealers: 2
Number of orders submitted (total / active): 3 / 3
including:
- limited: 2
- market: 1
Active orders*, mln tenge: 6,873.5
including:
- limited: 5,891.6
- market: 981.9
Bid to ask, %: 87.5
"Net price" on orders submitted, % APR:
- minimum 98.0893
- maximum 98.4000
- weighted average 98.1929
Yield on orders submitted, % APR:
- minimum 2.5042
- maximum 3.0000
- weighted average 2.8344
---------------------------------------------------------------------------------
* active orders - orders, not annulled by traders at expiry of order submission,
including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
---------------------------------------------------------------------------------
Volume of accepted orders, bonds: 30,000,000
Volume of accepted orders, tenge: 2,952,000,000.00
Number of orders accepted: 2
Volume of accepted orders, % of plan: 37.5
"Net" price in orders accepted, %: 98.400
Yield to maturity for buyer, % APR: 2.5042
---------------------------------------------------------------------------------
All active orders came from Kazakhstan's second-tier banks.
According to Central Securities Depository, all deals on placement of MEKKAM-
9 of the 18th issue by the end of settlement on trade results were executed.
Taking into account the earlier placement the full volume of MEKKAM-9 of the
18th issue (KZK1KM090187) made up 130,000,000 bonds to the total face
value of KZT13,000,000,000.00.
MEKKAM 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 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
[2012-12-13]