/KASE, May 25, 05/ - Kazakhstan stock exchange (KASE) notifies that on May
25 of 2005 specialized trades on floatation of government mid-term treasury
instruments of the Ministry of finance of Kazakhstan (MEOKAM-60) of the
26th issue were held in exchange's trade system. Below are main parameters of
the issue, terms and results of floatation (Almaty time).
PARAMETERS OF ISSUE:
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Type of security: MEOKAM-60
National identification number: KZK2KY050260
Ordinal number of the issue: 26
Trade code of KASE: MOM060_0026
Face value, KZT: 1,000.00
Time basis: 30/360
Floatation date: May 25, 2005
Circulation start date: May 25, 2005
Last circulation day: May 24, 2010
Maturity date: May 25, 2010
Circulation term: 5 years (1,800 days)
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: May 25 and November 25
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FLOATATION TERMS:
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Announced volume, KZT m.: 16,000.0
Floatation price, KZT per bond: 1,000
Object of trade: coupon rate
Applications submitting method: closed
Applications acceptance time: 09:00 - 11:00
Applications confirmation period: 09:00 - 11:30 (Т+0)
Cutting off: until 15:00 (Т+0)
Bids satisfying method: at cut-off price
Stake of market bids satisfaction, %: 10
Payment date: May 25, 05
Payment time: until 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants
- primary dealers: 20
Number of submitted bids
(total / confirmed): 147 / 99
including limited: 120 / 81
including market bids: 27 / 18
Volume of confirmed bids*, KZT m.: 51,238.3
including limited: 39,323.3
including market bids: 11,915.0
Demand to offer, %: 320.2
including limited to limit, %: 237.1
including market to limit, %: 744.7
Coupon rate on submitted bids,
% APR (all / active):
minimum: 3.85 / 3.85
maximum: 6.00 / 6.00
weighted average: 4.3324 / 4.2795
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* active bids - bids not annulled by participants after expiration
of bids submitting time, including confirmed by participants
of Confirmation system FLOATATION RESULTS:
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Volume of satisfied bids, KZT m.: 16,000.0
Fixed coupon rate, % APR: 4.05
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In total volume of active bids stake of pension market's subjects was 55.30%,
stake of Kazakhstan banks - 38.50%, their clients - 5.95%, broker-dealer
companies' clients - 0.25%.
By the results of bids satisfaction 57.84% of bonds have been bought by pension
market's subjects for pension assets, 42.09% - by Kazakhstan banks, 0.07% -
by broker-dealer companies' clients.
According to Central securities depository CJSC (Almaty) all deals on
floatation of MEOKAM-60 of the 26th issue by the end of settlements have been
executed. Actual volume of the issue was 16.0 m. bonds.
MEOKAM have been issued in compliance with The rules of issue, floatation,
servicing and maturity of government treasury instruments of Kazakhstan
(
http://www.kase.kz/mix/newgko.pdf), which were approved by the resolution of
Kazakhstan government dated September 8 of 2004 #941, and floated according
to The rules of floatation of government treasury instruments of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), which were
approved by the decision of KASE's Council on December 29 of 2004.
MEOKAM sold by the Ministry of finance are automatically admitted to
circulation on KASE's secondary market under the symbol shown in the table.
Bonds must be quoted in KASE's trade system in clean prices.
[2005-05-25]