/KASE, March 30, 05/ - Kazakhstan Stock Exchange (KASE) informs that on
March 30, 2005 in trade system of KASE specialized trades on floatation of
government short-term treasury bonds of the Finance Ministry of the
Republic of Kazakhstan (MEKKAM) of 83rd issue were held. Following is
the main parameters of the floatation (discount bonds, Almaty time).
ISSUE TERMS:
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Type of security: MEKKAM-12
National identification number: KZK1KM120836
Number of the issue: 83
KASE trade code: MKM012_0083
Face value, KZT: 100.00
Временная база: actual/actual
Flotation start date: Mar 30, 2005
Circulation start day: Mar 30, 2005
Circulation end day: Mar 29, 2006
Maturity: Mar 30, 2006
Term of circulation: 1 year (365 days)
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TERMS OF ISSUE:
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Announced volume, KZT m: 16,000.0
Trades object: price
Bids submission method: closed
Time for bids submission: 09:00 - 11:00
Time for bids confirmation: 09:00 - 11:30 (Т+0)
Time for cut-off: until 15:00 (Т+0)
Method of bids satisfaction: at submitted price
Share of market bids satisfaction, %: 10
Payment date: Mar 30, 05
Payment time: until 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - prime dealers: 22
Number of bids submitted (total / active*): 91 / 83
including limited: 72 / 66
Including market: 19 / 17
Volume of active bids, KZT m / securities: 26,473.7 / 270,480,000
including limited: 17,343.7 / 179,180,000
Including market: 9,130.0 / 91,300,000
Bid to ask, %: 165.5
incl. limited to limit, %: 120.4
incl. market to limit, %: 570.6
Price in limited bids, KZT (all/ active):
minimal: 94.5000 / 94.5000
maximum: 97.1440 / 97.1440
weighted-average: 96.7738 / 96.7947
Yield to maturity on lim. bids, % APR. (all / active):
minimal: 2.94 / 2.94
maximum: 5.82 / 5.82
weighted-average: 3.33 / 3.31
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* active bids- bids not annulled by trades participants by the
moment when deadline for bids acceptance has passed, including
those, confirmed by the participants of the System of confirmation
FLOATATION RESULTS
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Volume of satisfied bids, KZT: 15,999,999,938.23
Voluem of satisfied bids, bonds: 165,060,928
Price in satisfied bids, KZT:
minimal (cut off): 96.6184
maximal: 97.1440
weighted-average: 96.9339
Yield-to-maturity, % APR:
minimal: 2.94
maximal: 3.50
weighted-average: 3.16
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In total volume of active bids 38.6 percent fall at stake of pension market
entities, 60.2% - Kazakhstan banks, its clients - 1.14%, broker-dealer
companies - 0.04%.
By results of bids satisfaction 41.05% ob bonds in face value expression
must be purchased by pension market participants, 57.81% - Kazakhstan
banks, 1.06% - its clients, 0.08 - broker-dealer companies.
MEKKAMs are issued in compliance with Rules of issue, floatation,
servicing and maturity of state treasury obligations of the Republic of
Kazakhstan (
http://www.kase.kz/mix/newgko.pdf), approved by the
Resolution of the Government of Kazakhstan dated September 8, 2004
#941, and were placed in accordance with Rules of floatation of government
treasury bonds of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by
the decision of the Exchange Council of KASE dated December 29, 2004.
MEKKAM sold by Ministry of Finance are automatically admitted to circulation
at secondary market of KASE under trade code mentioned in the table.
[2005-03-30]