/KASE, January 25, 12/ - Kazakhstan Stock Exchange (KASE) has informed that on January 25, 2012 a repeated special trading session was held in KASE trading system to place government long-term treasury bonds of the Kazakhstan Finance Ministry (MEUKAM) on the terms as below (Almaty time).

ISSUE PARAMETERS:

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Security type:                           MEUKAM-108
National identification number:          KZKDKY090071
Issue order number:                      7 / 108
KASE trade code:                         MUM108_0007
Nominal value, tenge:                    1,000.00
Number of bonds in circulation:          11,600,000
Payment date:                            January 25, 2012
First circulation date:                  December 14, 2011
Last circulation date:                   December 13, 2020
Maturity date:                           December 14, 2020
Circulation term:                        9 years (3,240 days)
Coupon rate:                             5.00 % APR
Coupon payment periodicity:              once a year
Coupon payment date:                     on December 14, annually
Time base:                               30 / 360
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PLACEMENT TERMS:
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Declared placement volume, pieces:       15,000,000
Trade subject:                           "net" price of bonds
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)
Order acceptance method:                 at striking (rate) price
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ASK PARAMETERS:
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Traders - primary dealers:               8
Submitted orders (total / active):       18 / 16
including:
- limited:                               17 / 15
- market:                                1 / 1
Active orders*, m tenge:                 14,141.1
including:
- limited:                               14,135.4
- market:                                5.7
Ask to bid, %:                           101.0
"Net" price on submitted orders, %:
- minimum:                               95.8742 / 95.8742
- maximum:                               100.1287 / 100.1287
- weighted average:                      99.2906 / 99.3277
Yield on submitted orders, % APR:
- minimum:                               4.98 / 4.98
- maximum:                               5.60 / 5.60
- weighted average:                      5.0995 / 5.0942
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* active orders - orders, not annulled by traders at expiry of order
  submission, including those confirmed by Confirmation System
  participants. 

PLACEMENT RESULTS:

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Volume of accepted orders, bonds:        8,600,000
Volume of accepted orders, tenge:        8,647,923,022.21
Number of accepted orders:               5
Volume of accepted orders, % of plan:    57.3
"Net" price in accepted orders, %:       99.9878
Yield to maturity for buyer, % APR:      5.00
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In the total number of active orders pension market entities constituted 62.4 %, Second Tier Banks (STB) - 37.0 %, clients of brokerage and dealer companies - 0.7 %.

According to Central Securities Depository all deals on placement of MEUKAM- 108 of 7th issue by the end of settlement on trade results were executed. 81.4 % of all offered bonds were purchased by pension market entities, 17.4 % - STB, 1.2% - clients of brokerage and dealer companies.

Taking into account the previous offering the total volume of MEUKAM-120 of the 10th issue KZKDKY100102) made up 20,200,000 bonds to the total face value of KZT20,200,000,000.00.

MEUKAM 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 securities must quote in KASE trading systems 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

[2012-01-25]