OREANDA-NEWS. Kazakhstan Stock Exchange (KASE) informed that on August 20, 2008, on KASE will be held placement of government mid-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM) on described below terms (ALT), the press-centre of KASE reported.

The auction will be executed by the specialized trades' method, the order of  which is regulated by the KASE internal document "Regulations on Trades Execution Methods". Available at http://www.kase.kz/geninfo/normbase/methods.pdf

As the cut-off price in the order must be indicated the coupon rate value in APR percent from bonds face value, expressed up to the second decimal digit. This indicator is the trade subject.

Orders for participation in the specialized trades can be submitted only by the category "K" KASE members (the right to participate in trades in circulating on the Exchange government securities), which are considered by the mentioned below rules as the primary dealers. Investors can submit orders through these legal entities. The complete list of KASE category "K" members is published on the Exchange website at http://www.kase.kz/kasemembers/

The primary dealers must by 15:00 of trades execution ensure existence of money on the account, which is used for settlements on deals in securities in compliance with the set of rules of Central Securities Depository JSC (Almaty ), in the amount, sufficient for payment of purchased treasury obligations (based on the assumption that all submitted by primary dealers and accepted by KASE orders are due to satisfaction).

MEOKAM are issued in compliance with Rules of Issue, Placement, Servicing 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 placed based on Rules of Placement 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.