KASE Will Held Trades on MEUKAM-72 on June 11
OREANDA-NEWS. On June 09, 2008 Kazakhstan Stock Exchange (KASE) informed that on June 11, 2008 government long-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEUKAM) will be offered on KASE according to the terms specified below (Almaty time), reported the press-centre of KASE.
MEUKAM will be offered by specialized trades' method, which is regulated by KASE internal documents.
As the price the order must indicate coupon rate value in APR of the nominal bond value, expressed with second decimal accuracy. This indicator is a subject of trades.
Applications for participation in specialized trades may only be submitted by KASE category "K" members (right of participation in trades in government securities, circulating on the Exchange), which are deemed by the rules specified below as primary dealers. Investors may submit the orders through these legal entities. The full list of KASE category "K" members is available at the site of the Exchange at: http://www.kase.kz/kasemembers/
Primary dealers must before 15:00 of the trading day provide for the money to be available at the cash account, used for settlements in deals in securities in accordance with the set of rules of Central Securities Depository JSC (Almaty), in the amount, sufficient for payment of acquired treasury obligations (on the assumption, that all orders submitted by primary dealers and accepted by KASE are subject to satisfaction).
MEUKAM are issued in accordance with Rules on Issue, Offering, Service and Maturity of Government Treasury Obligations of the Republic of Kazakhstan (Rules of Issue, http://www.kase.kz/mix/newgko.pdf), approved by resolution No. 941 of the Government of the Republic of Kazakhstan of September 8, 2004, and are offered according to the Rules on Offering of Government Treasury Obligations of the Republic of Kazakhstan (http://www.kase.kz/geninfo/normbase/mekam_placement.pdf), approved by the KASE Council decision of December 29, 2004.
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