/KASE, May 30, 13/ – Kazakhstan Stock Exchange (KASE) informs that the
special trading session system to place government long-term savings
treasury bonds of Kazakhstan Ministry of Finance (MEUJKAM) were held
in KASE trading system on May 30, 2013 on the terms below (Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-144
National identification number: KZKAKY120046
Issue order number: 4 / 144
KASE trade code: MUJ144_0004
Nominal value, tenge: 1,000.00
Payment date: May 30, 13
First circulation date: May 30, 13
Last circulation date: May 29, 25
Maturity date: May 30, 25
Circulation term: 12 years (4,320 days)
Coupon payment periodicity: once a year*
Coupon payment schedule: 1 June 6, 14
2 June 5, 15
3 June 6, 16
4 June 7, 17
5 June 7, 18
6 June 7, 19
7 June 7, 20
8 June 7, 21
9 June 7, 22
10 June 7, 23
11 June 7, 24
12 June 6, 25
Time base: 30 / 360
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* fifth working day of a month in every 12 full calendar months of circulation.
PLACEMENT TERMS:
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Declared placement volume, m tenge: 10,000.0
Trade subject: fixed coupon
Special terms on trade subject: must not be lower
than or equal to zero
Special terms on securities: included in the 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 striking price
(rate)
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BID PARAMETERS:
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Number of traders – primary dealers: 6
Number of orders submitted (total / active): 19 / 19
including:
– limited: 8
– market: 11
Active orders*, m tenge: 151,292.4
including:
– limited: 41,997.1
– market: 109,295.3
Bid to ask, %: 1512.9
Fixed coupon rate on confirmed orders, % APR:
– minimum: 0.01
– maximum: 0.01
– weighted average: 0.0100
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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 orders accepted, bonds: 10,000,000
Volume of orders accepted: 19
Volume of orders accepted, % of plan: 100.0
Cut-off price (fixed coupon rate), % год.: 0.01
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According to Central Securities Depository, all deals on placement of
MEUJKAM-144 of the fourth issue by the end of settlement by trade results
were executed.
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 inflation rate for the last full 12 months (from May 1, 2012 to
May 1, 2013), based on the consumer prices monthly indices published by the
Agency of the Republic of Kazakhstan for Statistics made up 106.588 this means
that the forecasted yield to maturity of being placed bonds at present is
estimated at 6.598 % APR given the received coupon rate interpolation for
securities entire 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
[2013-05-30]