Orders to buy MEOKAM-36 at KASE of the 62nd issue were executed for a total amount of KZT18,777.1 m - Depository

/KASE, February 23, 05/ - Kazakhstan Stock Exchange (KASE) informs that according to the data provided by Central securities Depository CJS (Depository, Almaty) by the time of settlements ending not all orders to buy MEOKAM-36 of the 62 issue were executed during placement at KASE. The actual volume of bonds floated of the given issue totaled 18,777,177 pieces for a total face value of KZT18,777.1 m (with bids not satisfied by the Finance Ministry equaling to KZT18,790 m), i.e. 99.9% of planned issue volume. Depository rejected the order to buy 12,883 MEOKAMs submitted by one of the banks due to insufficient amount of money at the account, which is used for funds with which to pay for bonds to be purchased. According to article 12 of the Rules for placement state treasury bonds of the Republic of Kazakhstan approved by the decision of the Exchange Council of KASE on December 29, 2004, in case of breach of obligation to pay for a purchase by a primary dealer: - the primary dealer is prohibited to purchase treasury bonds via KASE in the future until corresponding ban is lifted by the Exchange Council; - the primary dealer pays a fine of 2% of deal amount not executed as result of failure to meet settlements rules; - a fine is to be paid to the account of KASE, as shown in notification to the primary dealer and upon receipt by KASE the amount must be transferred to the account of the Finance Ministry. [2005-02-23]