On February 6 Kazakhstan's Finance Ministry placed another 10.0 m MEKKAM-12 of 122nd issue (KZK1KY011222) raising KZT1.0 bn at 2.04 % APR
/KASE, February 6, 12/ - Kazakhstan Stock Exchange (KASE) informs that on February 6, 2012 a special trading session was held in KASE trading system to place government short-term treasury bonds of the Ministry Finance of the Republic of Kazakhstan (MEKKAM) on the terms as below (discount bonds, Almaty time).
ISSUE PARAMETERS:
----------------------------------------------------- --------------------------- Security type: MEKKAM-12 National identification number: KZK1KY011222 Issue order number: 122 / 12 KASE trade code: MKM012_0122 Nominal value, tenge: 100.00 Number of bonds in circulation, pieces: 100,340,000 Payment date: February 6, 2012 First circulation date: January 10, 2012 Last circulation date: January 9, 2013 Maturity date: January 10, 2013 Circulation term: 366 days Time base: actual / actual ----------------------------------------------------- ---------------------------
PLACEMENT TERMS:
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Declared placement volume, pieces: 130,000,000
Trade subject: bond's "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)
Limited order acceptance method: at submitted price
Market order acceptance method: at weighted average
price
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ASK PARAMETERS:
----------------------------------------------------- --------------------------- Traders - primary dealers: 4 Submitted orders (total / active): 5 / 4 including: - limited: 1 / 1 - market: 4 / 3 Active orders*, m tenge: 1,069.8 Ask to bid, %: 8.4 "Net" price on submitted active order, % 98.1500 Yield on submitted active order, % APR: 2.0350 --------------------------------------------------------------------------------- * active orders - orders, not annulled by traders at expiry of order submission, including those confirmed by Confirmation System participants.
PLACEMENT RESULTS:
--------------------------------------------------------------------------------- Accepted orders, bonds: 10,000,000 Accepted orders, tenge: 981,500,000.00 Number of orders accepted: 4 Accepted orders, % of plan: 7.7 "Net" price in submitted active orders, % 98.1500 Yield of bonds to maturity for buyer, % APR: 2.0350 ---------------------------------------------------------------------------------
In the total number of active orders second tier banks (STB) accounted for - 55.0%, STB clients - 45.0 %.
According to Central Securities Depository, all deals on placement of MEKKAM- 12 of 122nd issue by the end of settlement on trade results were executed. 53.2 % of the total offered bonds were purchased by STBs, 46.8 % - by STB clients.
With the placement conducted previously the full volume of MEKKAM-12 of 122nd issue (KZK1KY011222) made up 110,340,000 bonds to the total face value of KZT11,034,000,000.00.
MEKKAM sold by Kazakhstan's 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
[2012-02-06]