KASE to Hold Trade to Place MEUJKAM-216
OREANDA-NEWS. Kazakhstan Stock Exchange (KASE) informed a special trade will be held to place government long-term savings treasury bonds of the Kazakhstan Finance Ministry (MEUJKAM) November 26, 2009 on the terms as below (Almaty time), reported the press-centre of KASE.
Security type: MEUJKAM-216
National identification number: KZKAKY180024
Issue order number: 2 / 216
KASE trade code: MUJ216_0002
Nominal value, tenge: 1,000.00
Payment date: 26.11.09
First circulation date: 26.11.09
Last circulation date: 25.11.27
Maturity date: 26.11.27
Circulation term: 18 years (6,480 days)
Coupon payment period: once a year*
Coupon payment schedule: 1 07.12.10
2 07.12.11
3 07.12.12
4 06.12.13
5 05.12.14
6 07.12.15
7 07.12.16
8 07.12.17
9 07.12.18
10 06.12.19
11 07.12.20
12 07.12.21
13 07.12.22
14 07.12.23
15 06.12.24
16 05.12.25
17 07.12.26
18 07.12.27
Time base: 30 / 360
Declared placement volume, m tenge: 12,000.0
Trade subject: fixed coupon
Special terms on trade: exceeds null
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)
Order acceptance method: at striking price (rate)
*on the fifth business day of the month in each 12 full calendar months of circulation.
Money invested in MEUJKAM is indexed through calculation of an indexed coupon, received from a sum of fixed coupon determined at the placement, and inflation rate for the elapsed coupon period.
As a price the order shall indicate fixed coupon in APR of nominal bond value, expressed within the second decimal place. This is a trade subject.
MEUJKAM are government bonds, placed among Kazakhstan pension funds. MEUJKAM shall circulate among such investors during the first half of circulation term. Then the bonds shall circulate freely.
Orders to special trade may only be submitted by members of category "K" (entitled to trade in government securities circulating on KASE), operating as primary dealers. Investors may submit orders through such legal entities. The full list of category "K" members is available on the KASE website at http://www.kase.kz/en/membership
Primary dealers must before 15:00 p.m. on the trade day provide money available at the money account used for settlement on deals in securities in accordance with the rules of Central Securities Depository (Almaty), in the amount sufficient for payment of acquired treasury obligations (based on assumption that all orders submitted by primary dealers and accepted by KASE are subject to acceptance).
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 http://www.kase.kz/files/mix/newgko.pdf
The text of the Rules on placement of government treasury obligations of the Republic of Kazakhstan is available on the KASE website at http://www.kase.kz/files/normative_base/mekam_placement_eng.pdf
The Regulations on methods of trading is available on the KASE website at
http://www.kase.kz/files/normative_base/methods_eng.pdf
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