/KASE, June 29, 05/ - Kazakhstan Stock Exchange (KASE) informs that on
June 29, 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 84th issue were held. Following is
the main parameters of the floatation (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Type of security: MEKKAM-12
National identification number: KZK1KM120844
Number of the issue: 84
KASE trade code: MKM012_0084
Face value, KZT: 100.00
Временная база: actual/actual
Flotation start date: June 29, 2005
Circulation start day: June 29, 2005
Circulation end day: June 28, 2006
Date of maturity: June 29, 2006
Term of circulation: 1 year (365 days)
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TERMS OF FLOATATION:
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Announced volume, KZT m: 18,000.0
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 WA price
Share of market bids satisfaction, %: 10
Payment date: June 29, 05
Payment time: until 15:00 (Т+0)
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DEMAND PARAMETERS:
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Number of participants - prime dealers: 27
Number of bids submitted (total / active*): 166 / 123
including limited: 143 / 107
Including market: 23 / 16
Volume of active bids, KZT m / securities: 54,325.5 / 558,552,000
including limited: 48,355.2 / 498,849,000
Including market: 5,970.3 / 59,703,000
Bid to ask, %: 310.3
incl. limited to limit, %: 307.9
incl. market to limit, %: 331.7
Price in limited bids, KZT (all/ active):
minimal: 93.0233 / 93.0233
maximum: 97.5610 / 97.5610
weighted-average: 96.9550 / 96.9335
Yield to maturity on lim. bids, % APR. (all / active):
minimal: 2.50 / 2.50
maximum: 7.50 / 7.50
weighted-average: 3.1406 / 3.1635
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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: 17,999,999,921.56
Voluem of satisfied bids, bonds: 184,949,867
Price in satisfied bids, KZT:
minimal (cut off): 97.2000
maximal: 97.5610
weighted-average: 97.3237
Yield-to-maturity, % APR:
minimal: 2.50
maximal: 2.88
weighted-average: 2.7499
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In total volume of active bids 37.40% of all at stake are pension market
entities, 47.64% - Kazakhstan banks, its clients - 10.06%, broker-dealer
companies - 0.37%, its clients - 4.53%.
According to Central securities depositary CJSC (Almaty) all deals on
floatation of MEKKAM-12 of 84th issue to the moment when calculations
were completed by the results of trades are executed. Along with this
38.05% of bonds were purchased by pension market participants, 53.82% -
Kazakhstan banks, 3.55% - its clients, 0.56 - broker-dealer companies, 4.02
- its clients.
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 obligations 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.
[2005-06-29]