Amount of applications submitted to the auction for offering municipal bonds of Almaty - 898.6 mln tenge

/IRBIS, Dec.24, 99/ - Today in Trade system of KASE the auction for initial offering of the bonds of local executive body of Almaty was held (364 days, KZ71K2512A00). Announced issue volume - 400 mln tenge. 7 trade members of KASE took part in the auction, who submitted 49 applications totaling 6,499,628.92 US dollars in discounted terms, or 898,573,698.19 tenge at current official rate. Applications were submitted for 73,725 bonds. Yield varied from 12.61 to 13.43% APR in these applications. The auction results were given to the emitter for further cut-off. Representative of the emitter's financial consultant OJSC "DB SECURITIES (KAZAKHSTAN)" (Almaty), who attended the auction, Andrey Karyagin said, the auction results seemed to be positive and it could be assumed the issue will be carried out in planned amount.