OREANDA-NEWS. On January 30, 2007 Kazakhstan stock exchange (KASE) notified that specialized trades on floatation of government long-term savings treasury instruments of the Ministry of finance of Kazakhstan (MEUJKAM) have been held in the trading system of stock exchange, reported the press-centre of KASE.

According to the data of Central depositary of securities JSC (Almaty), all deals on floatation of MEUJKAM -96 of the second issue have been executed by the moment of calculation end by the results of trades.

MEUJKAM are government bonds, which are floated among Kazakhstan accumulative pension funds. Within the half of circulation term MEUJKAM may circulate only among this category of investors. Afterwards they are freely circulating on the market.

Indexation of money invested into MEUJKAM is made by calculating the indexed coupon received by adding the fixed coupon, which is determined during floatation, to inflation rate for the past coupon period.

Based on the monthly indexes of consumer price, published by the Statistics Agency of the republic of Kazakhstan, the current inflation rate over the last full 12 months (since January 1 of 2007 to January 1 of 2008) totaled 118,7719. It means that, at present, the forecasted yield to maturity of the offered bonds is estimated at the level of 19,57% APR when interpolating the given coupon rate on the entire circulation term.

Detailed information about MEUJKAM is given in Rules of issue, floatation, servicing and maturity of government treasury instruments of Kazakhstan (http://www.kase.kz/mix/newgko.pdf), which were approved by the resolution of Kazakhstan Government dated September 8 of 2004 #941 and took effect since January 1 of 2005.

Floated MEUJKAM are automatically admitted to circulation on KASE's secondary market under the symbol given in the table. Bonds must be quoted in KASE's trade system in "dirty" prices.