Kazakhstan Finance Ministry placed 150.0 m MEKKAM-9 of 16th issue (KZK1KM090161) to the amount of KZT14.8 bn at 1.68 % APR on September 2
/KASE, September 2, 10/ - The Kazakhstan Stock Exchange (KASE) informed that on September 2, 2010 KASE held special trades to place government short-term treasury bonds of the Kazakhstan Finance Ministry (MEKKAM) on the terms as below (discount bonds, Almaty time). ISSUE PARAMETERS:
------------------------------------------------ ------------------------------
Security type: MEKKAM -9
National identification number: KZK1KM090161
Issue order number: 16 / 9
KASE trade code: MKM009_0016
Nominal value, tenge: 100.00
Payment date: September 2, 10
First circulation date: September 2, 10
Last circulation date: June 1, 11
Maturity date: June 2, 11
Circulation term: 273 days
Time base: actual / actual
------------------------------------------------ ------------------------------
PLACEMENT TERMS: 15,000.0
------------------------------------------------ ------------------------------
Declared placement volume, m tenge: bond price
Trade subject: 70
Market order acceptance ratio, %: closed
Order submission method: 09:00-11:00
Order receipt time: 09:00-11:30 (Т+0)
Order confirmation time: before 15:00 (Т+0)
Striking time: before 15:00 (Т+0)
Payment time: at submitted price
Limit order acceptance method: at weighted average
Market order acceptance method: MEKKAM -9
------------------------------------------------ ------------------------------
ASK PARAMETERS:
------------------------------------------------ ------------------------------
Traders - primary dealers: 7
Submitted orders (total / active): 22 / 19
including:
- limit: 17 / 14
- market: 5 / 5
Active orders*, m tenge: 27,011.9
including:
- limit: 20,090.8
- market: 6,921.1
Ask to bid, %: 182.7
Price on submitted price, % (all / active):
- minimum: 98.1645 / 98.1645
- maximum: 98.8540 / 98.8540
- weighted average: 98.6011 / 98.5907
Yield on submitted orders, % APR (all / active):
- minimum: 1.5500 / 1.5500
- maximum: 2.4999 / 2.4999
- weighted average: 1.8969 / 1.9112
--------------------------------------------------------------------------------
* active orders - orders, not annulled by traders at expiry of order
submission,including those confirmed by Confirmation System participants.
PLACEMENT RESULTS*:
-------------------------------------------------------------------------------- Accepted orders, bills: 150 000 000 Accepted orders, tenge: 14 813 658 482,00 Accepted orders, % of plan: 100,0 Price in accepted orders, %: - minimum (striking): 98,6716 - maximum 98,8540 - weighted average: 98,7577 Yield of bills to maturity for buyer, % APR: - minimum: 1,5500 - maximum 1,8000 - weighted average: 1,6818 --------------------------------------------------------------------------------
In the total number of active orders STB - 63.5 %, STB clients - 33.5 %, brokerage and dealer companies clients - 3.0 %.
According to Central Securities Depository all deals on placement of MEKKAM-9 of 16th issue by the end of settlement on trade results were executed. 40.0 % of orders were purchased STB, 47.8 % - STB clients, 4.2 % - clients of brokerage and dealer companies.
MEKKAM sold by the Kazakhstan Finance Ministry shall automatically be admitted to circulation on the KASE secondary market under the trade code as in the table.
The text of the Rules on issue, placement, circulation, service and maturity of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more
The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at see more
[2010-09-02]