OREANDA-NEWS. October 21, 2009. Kazpost (Almaty), Kazakhstan Stock Exchange (KASE) categories "K", "P" and "H" member, provided to KASE the following press release, reported the press-centre of KASE:

In Kazpost divisions starts subscription of citizens of Kazakhstan to special mid-term treasury obligations of the Republic of Kazakhstan for individuals (MAOKAM). Government securities shall be sold during 10 working days till November of 2009.
                                                                              
The goals of government bonds sale is the provision to citizens of Kazakhstan to retain their savings, investing them to the high liquidity financial instrument, which considers currency risks.

Government bonds shall be offered for the period of tow and three years. The interest will be paid twice a year each six months. The cost per bond is equivalent to USD10, the yield - 5.49-7.3% APR.

Individuals can buy MAOKAM in all Kazpost divisions. Payment shall be maid in tenge on the official KZT to USD rate, set by the National Bank of the Republic of Kazakhstan on the order submission day. The list of Kazpost divisions is available at www.kazpost.kz.

Journalists willing to cover shares selling process are invited on October 21 at 11.00 a.m. to Almaty post office at: Almaty, 134, Bogenbai batyr Str.

Reference

MAOKAM - one of the government securities type (GS) issued by the Ministry of Finance on behalf of the Government of the Republic of Kazakhstan in the internal market with the face value expressed in tenge and is equivalent to ten American dollars. On the primary market only individuals - residents of the Republic of Kazakhstan are entitled to buy these securities, on the secondary market both individuals and legal entities - residents of the Republic of Kazakhstan. MAOKAM yield shall be formed considering the yield on mid-term GS of the Ministry of Finance, offered on the internal market, at the moment of MAOKAM placement and rates on individuals' currency deposits in the second-tier banks. The yield of GS placed by the Ministry of Finance in June-August of 2009,  with circulation terms of two and three months is 5.49-7.3% APR. MAOKAM shall be issued for 2 and 3 years circulation period.