Complete results of MEOKAM-24 #10 flotation
20.06.00 00:00
/IRBIS, June 20, 00/ - Today the Ministry of Finance (MOF) and the National
Bank (NBK) of Kazakhstan held 10th auction for MEOKAM-24 floatation (728
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 MEOKAM-24 MEOKAM-24
NSIN KZ52L2006A21 KZ52L1306A20
KASE trade code MOM024.010 MOM024.009
IRBIS registration number 10/24 9/24
Par value, KZT 1,000.00 1,000.00
Issuance date June 20, 2000 June 13, 2000
Payment day June 22, 2000 June 15, 2000
Circulation start date June 22, 2000 June 15, 2000
Maturity date June 20, 2002 June 13, 2002
Days in circulation 728 728
Coupon payments dates Dec. 21, 00 Dec. 14, 00
June 21, 01 June 14, 01
Dec. 20, 01 Dec. 13, 01
June 20, 02 June 13, 02
Number of primary dealers 7 (+ 1)
Demand, mln KZT 202.1 (- 124.1)
Max. fixed yield on demand, % APR 30.00 (+ 5.00)
Planned volume, mln KZT 300.0 ( 0)
Actual volume, mln KZT 140.0 (+ 110.1)
Set up fixed yield, % APR 16.30 ( 0)
For the time present, the emitter obviously pursued the only goal of
increasing of the issue's volume with yields having set unchanged for the
securities. The results of floatation showed that the MOF still manages to
meet this goal. The actual volume of the issue increased despite the
toughening of demand price and decline of its volume.
IRBIS experts do not exclude that these securities are bought out on
auctions by limited number of investors, as it is hard to imagine the presence
of widespread interest of the market participants to MEOKAM.