Kazakhstan Finance Ministry places 10.0 m MEUKAM-84 of 8th issue (KZKDKY070081) for a total of KZT10.3 bn at 5.69 % APR
/KASE, September 8, 10/ - Kazakhstan Stock Exchange (KASE) informed - a special trade was held to place government long-term treasury bills of the Kazakhstan Finance Ministry (MEUKAM) September 8, 2010 on the terms as below (Almaty time). The table below indicates the main parameters of the issue, terms and results of placement (Almaty time)
ISSUE PARAMETERS:
-------------------------------------------- -------------------- Security type: MEUKAM -84 National identification number: KZKDKY070081 Issue order number: 8 / 84 KASE trade code: MUM084_0008 Nominal value, tenge: 1,000.00 Number of bonds in circulation, units.: 12,000,000 Payment date: September 8, 10 First circulation date: September 3, 10 Last circulation date: June 2, 17 Maturity date: June 3, 17 Circulation term: 7 years (2,520 days) Coupon rate: 6.00 % APR Coupon payment frequency: once a year Coupon payment date: June 3 annually Time base: 30 / 360 -------------------------------------------- -------------------- PLACEMENT TERMS: -------------------------------------------- -------------------- Declared placement volume, m tenge: 10,000.0 Trade subject: bond net price Market order acceptance ratio, %: 70 Order submission method: closed Order receipt time: 09:00-11:00 Order confirmation time: 09:00-11:30 (Т+0) Striking time: before 15:00 (Т+0) Payment time: before 15:00 (Т+0) Market order acceptance method: cut-off price (rate) -------------------------------------------- -------------------- ASK PARAMETERS: -------------------------------------------- -------------------- Traders - primary dealers: 21 Submitted orders (total / active): 62 / 43 including: - limit: 52 / 33 - market: 10 / 10 Active orders*, m tenge: 48,483.3 including: - limit: 26,114.4 - market: 22,368.9 Ask to bid, %: 475.3 Net Price on submitted orders, % (all / active): - minimum: 97.8293 / 97.8293 - maximum: 102.1628 / 102.1628 - weighted average: 100.3593 / 100.4180 Yield on submitted orders, % APR (all / active): - minimum: 5.6000 / 5.6000 - maximum: 6.4000 / 6.4000 - weighted average: 5.9272 / 5.9163 ------------------------------------------------------------------ * active orders - orders, not annulled by traders at expiry of order submission, including those confirmed by Confirmation system members.
PLACEMENT RESULTS:
------------------------------------------------------------------ Accepted orders, bills: 10,000,000 Accepted orders , tenge: 10,324,663,333.33 Accepted orders, % of plan: 100.0 Net Price in accepted orders, %: 101.6633 Yield of bills to maturity for buyer, % APR: 5.6900 ------------------------------------------------------------------
Pension funds constituted for 49.3 % of active orders, Kazakhstan second-tier banks (STB) - 36.5 %, STB clients - 0.8%, brokerage and dealer companies - 2.8 %, their clients - 10.6 %.
According to Central Securities Depository (Almaty) all deals on placement of MEUKAM-84 of 8th issue by the end of settlement were executed. 52.8 % of bills were purchased by pension funds, 36.6 % - STB, 1.5% - brokerage and dealer companies, 9.1 % - their clients.
MEUKAM sold by the Kazakhstan Finance Ministry shall be automatically admitted to circulation on the KASE secondary market under the trade code as in the table. At the same time the bills must be quoted in the KASE trading system at net prices.
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
[2010-09-08]