Kazakhstan Finance Ministry additionally placed on KASE 12.0 m MEUJKAM-132 of first issue (KZKAKY110013) January 30 to the amount of KZT13.2 bn
/KASE, January 30, 12/ - The Kazakhstan Stock Exchange (KASE) informs that on January 30, 2012 the repeated special trading session was held in KASE trading system to place government long-term treasury bonds of the Kazakhstan Finance Ministry (MEUJKAM) on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
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Security type: MEUJKAM-132
National identification number: KZKAKY110013
Issue order number: 1 / 132
KASE trade code: MUJ132_0001
Nominal value, tenge: 1,000.00
Volume of bonds in circulation, pieces: 5,000,000
Payment date: January 30, 2012
First circulation date: May 30, 2011
Last circulation date: May 29, 2022
Maturity date: May 30, 2022
Circulation term: 11 years
(3,960 days)
Coupon rate: 0.01 % APR +
inflation
Coupon payment periodicity: once a year*
Coupon payment schedule: 1 June 7, 2012
2 June 7, 2013
3 June 6, 2014
4 June 5, 2015
5 June 7, 2016
6 June 7, 2017
7 June 7, 2018
8 June 7, 2019
9 June 5, 2020
10 June 7, 2021
11 June 7, 2022
Time base: 30 / 360
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* fifth working day of a month e very 12 full calendar months of circulation.
PLACEMENT TERMS:
------------------------------------------------------------------------------------ Declared placement volume, m tenge: 12,000,000 Trade subject: bonds "dirty" price Special terms on trade: 3,720 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: до 15:00 (Т+0) Payment time: до 15:00 (Т+0) Order acceptance method: at striking price ---------------------------------------------------------- ------------------------- ASK PARAMETERS: ---------------------------------------------------------- ------------------------- Number of participants - primary dealers: 12 Number of submitted orders (total/active): 1,976 / 29 Including: - limited: 1,964 / 19 - market: 12 / 10 Volume of active orders*, KZT, m: 111,699.1 Including: - limited: 46,616.3 - market: 65,082.8 Ask to bid, %: 8742 "Dirty" price on limited orders, %: - minimum: 104.8934 - maximum: 109.7700 - weighted average: 106.4784 Forecasted yield to maturity on limited orders, % APR.: - minimum: 6.77 - maximum: 7.44 - weighted average: 7.2173 ------------------------------------------------------------------------------------- * active orders - orders not annulled by trades participants at orders submission period expiry, including those confirmed by Confirmation system participants.
PLACEMENT RESULTS:
------------------------------------------------------------------------------------- Volume of accepted orders, bonds: 12,000,000 Number of accepted orders: 13,172,400,000.00 Number of accepted orders: 11 Volume of accepted orders, % of plan: 100.0 "Dirty" price in accepted orders, %: 109.7700 Forecasted yield to maturity, % APR.: 6.7693 -------------------------------------------------------------------------------------
According to data of Central Securities Depository (Almaty) all deals on offering of MEUJKAM-132 of the first issue were satisfied at the moment of settlements completion by trades results.
The bonds yield values in the table are forecasted. When forecasting an interest rate on bonds for the current coupon period (and all next time period) KASE used the value 7.439% APR. This value is the inflation index for the period (January 1, 2011 - January 1, 2012), calculated based on monthly consumer prices by formula indicated in MEUJKAM issue terms, and the fixed coupon - 0.01% APR, which was defined for MEIJKAM-132 of the first issue on special trades during their intimal placement.
Considering the previous placement the full volume of MEUJKAM-132 of the first issue placement made up 17,000,000 bonds to the bonds face value amount of KZT17,000,000,000.00.
MEUJKAM are government bonds, offered among accumulative pension funds of the Republic of Kazakhstan. During the half circulation period, MEUJKAM can circulate only among investors of this category. Then bonds free circulate on the market.
Offered MEUJKAM are automatically admitted to circulation on the KASE secondary market under indicated in the Table trading code. At that bonds must be quoted in the KASE trading system in "dirty" 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
[2012-01-30]