Complete results of MEKKAM-12 #54 offering
19.06.00 00:00
/IRBIS, June 19, 00/ - Today the Ministry of Finance and National Bank of
Kazakhstan held 54th auction for offering MEKKAM-12 (364 days).
Announced volume of the issue is determined by the issuer at KZT300 mln.
Size of satisfaction of incompetitive applications is 50% of specified amount.
Following is the complete offering data and comparison with previous similar
auction:
Type of the securities MEKKAM-12 MEKKAM-12
NSIN KZ4CL2106A16 KZ4CL1406A15
KASE trade code MKM012.54 MKM012.53
IRBIS registration number 54/12 53/12
Par value, KZT 100.00 100.00
Issuance date June 19, 00 June 12, 00
Circulation start date June 22, 00 June 15, 00
Maturity date June 21, 01 June 14, 01
Days in circulation 364 364
Number of Primary dealers 5 (- 4)
Demand, mln KZT 311.6 (- 129.1)
WA yield on demand, % APR 14.82 (- 0.43)
Planned volume, mln KZT 300.0 (0)
Actual volume, mln KZT 154.9 (- 44.9)
Cut-off price, % of par value 87.61 (+ 0.08)
Weighted average price, % of par value 87.61 (+ 0.08)
Maximum yield, % APR 14.14 (- 0.10)
Weighted average yield, % APR 14.14 (- 0.10)
Effective weighted average yield, % APR 14.14 (- 0.10)
The Ministry of finance says no applications were submitted by non-
residents.
Nothing changes in the sector. Auctions conducted by the Ministry of finance
in the first half of the week, as usually, are characterized by a low demand.
Repayment schedule of previously issued SS is the reason for this, since the
payments for those are made at the end of the week, and the participants
can reinvest this money into new bonds. but, as it becomes apparent lately,
the Ministry of finance is able to decrease the yield of MEKKAM even with
low demand.