OREANDA-NEWS. On August 01, 2007 Kazakhstan Stock Exchange (KASE) informed that from August 28, 2007 floatation of government short-term treasury obligations of the Finance ministry of the Republic of Kazakhstan (MEKKAM) will be held under following terms (discount bonds, Almaty times), reported the press-centre of KASE.

MEKKAM will be placed by the method of specialized trades the order of which is stipulated in internal documents of KASE.

Bids for taking part in specialized trades may only be submitted by KASE members of "K" category (right to take part in trades in government securities, circulating at KASE), which are regarded by rules mentioned below as prime dealers. Investors may submit their bids through these legal entities. Full list of KASE members of "K" category is published on the web-site of the Exchange at http://www.kase.kz/kasemembers/

Price per security in percentage per annum of bond's face value expressed with the accuracy of two decimal figures is to be shown as the price in bid. Precisely this parameter is the subject of trade.

Primary dealers must at 15,00 provide presence of money on the account, which is used for settlements on deals in securities by the time mentioned in the table in compliance with the rules of Central securities depository JSC (Almaty), in the amount enough for paying for treasury instruments purchased by him (basing on assumption that all bids submitted by primary dealers and accepted by KASE are subjected to satisfying).

MEKKAM are being issued in compliance with Rules of the issue, floatation, servicing and maturity of government treasury obligations of the Republic of Kazakhstan (Rules of issue, http://www.kase.kz/mix/newgko.pdf), approved by the resolution of the Government of Kazakhstan dated September 8, 2004 #941 and are floated according to Rules of floatation of treasury obligations of the Republic of Kazakhstan (http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), approved by the Exchange Council of KASE dated December 29, 2004.