/KASE, April 19, 06/ - Kazakhstan stock exchange (KASE) notifies that on April
19 of 2006 next auction on offering of government mid-term savings treasury
instruments of the Ministry of finance of Kazakhstan (MEOKAM) were held in
exchange's trade system on terms and results of offering (Almaty time),
presented below.
PARAMETERS OF ISSUE:
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Type of security: MEOKAM-84
National identification number: KZK2KY070078
Ordinal number of issue 7
Symbol on KASE: MOM084_0007
Face value, KZT: 1,000.00
Volume of bonds in circulation, copies 7,815,500
Circulation start date: October 12, 2004
Last circulation day: October 10, 2011
Maturity date: October 11, 2011
Circulation term: 7 years (2,555 days)
Coupon rate: 5.70% APR
Periodicity of coupon payment: 2 times a year
Schedule of coupon payments: 4 October 12, 2006
5 April 12, 2007
6 October 12, 2007
7 April 11, 2008
8 October 11, 2008
9 April 11, 2009
10 October 11, 2009
11 April 11, 2010
12 October 11, 2010
13 April 11, 2011
14 October 11, 2011
Time base: actual/365
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OFFERING TERMS:
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Announced offering volume, securities: 5,000,000*
Subject of trade: Net bonds price
Bids submitting method: closed
Bids submission time 09:00 - 11:00
Bids confirmation period: 09:00 - 11:30 (Т+0)
Cutting off: until 15:00 (Т+0)
Bids satisfying method:
limited (competitive) at stated price
market (uncompetitive) at weighted average price
Stake of market bids satisfaction, %: 30
Payment date: April 19, 2006
Payment time until 15:00 (Т+0)
Accumulated interest on date of settlement, %: 0.109315
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*KZT5.0 bn. at face value DEMAND PARAMETERS:
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Number of participants - primary dealers: 20
Number of submitted bids (total / active): 85 / 59
including limited: 72 / 50
including market bids: 13 / 9
Volume of active bids*, securities: 34,254,000
including limited: 27,400,000
including market bids: 6,854,000
Demand to offer, %: 685.1
including limited to limit, %: 782.9
including market to limit, %: 782.9
Net price on given limited bids, % (all / active):
minimum: 99.1000 / 99.1000
maximum: 116.2986 / 116.2986
weighted average: 105.8327 / 105.6773
Yield on given limited bids, % (all / active):
minimum: 2.50 / 2.50
maximum: 5.89 / 5.89
weighted average: 4.4840 / 4.5146
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* active bids are bids not annulled by trades participants by the bids
submission period expiration including confirmed by confirmation system
participants
OFFERING RESULTS:
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Volume of satisfied bids, securities: 5,000,000
Volume of satisfied bids, KZT 5,446,081,753.42
Net price in satisfied bids, %:
minimal (cut-off): 108.0373
maximal: 116.2986
weighted average: 108.8123
Bonds yield to maturity for buyer, % APR:
minimal: 2.50
maximal: 4.05
weighted average: 3.8985
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In total volume of active bids the stake of pension market subjects totaled
43.50%, stake of Kazakhstan banks - 53.42%, their clients - 0.01%, stake of
broker-dealer companies - 1.61%, their clients - 1.46%.
According to results of the trades 53.19% of bonds were purchased by pension
market subjects for pension assets, 44.79% - by Kazakhstan banks, 0.02% - by
their clients, 2.0% - by broker-dealer companies clients.
According to Central securities depositary JSC (Almaty), all deals on
KZK2KY070078 issue MEOKAM-84 offering by the end of settlements have been
executed.
Taking into account this bonds offering, which was held on KASE on April 19 of
2006, the whole volume of KZK2KY070078 issue МЕОКАМ-84 totaled
12,815,500 bonds for total face value KZT12,815,500,000.00.
The next auction was held by specified trades method.
MEOKAM were issued in compliance with Rules of issue, offering, servicing and
maturity of government treasury obligations of the Republic of Kazakhstan
(Rules of issue, (
http://www.kase.kz/mix/newgko.pdf), approved by the
Resolution of the Government of Kazakhstan dated September 8, 2004 #941, and
are offered in accordance with Rules of offering of government treasury
obligations of the Republic of Kazakhstan
(
http://www.kase.kz/geninfo/normbase/mekam_placement.pdf) approved by the
decision of KASE's Council on December 29, 2004.
MEOKAM sold by the Ministry of finance are automatically admitted to
circulation on KASE's secondary market under the symbol mentioned in the table.
At that, the bonds must be quoted in KASE's trade system in net prices.
[2006-04-19]