Complete results of MEOKAM-24 #13 flotation
/IRBIS, July 18, 00/ - Today the Ministry of Finance and the National Bank of
Kazakhstan held 13th 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
Type of the securities MEOKAM-24 MEOKAM-24
NSIN KZ52L1807A24 KZ52L2006A21
KASE trade code MOM024.013 MOM024.010
IRBIS registration number 13/24 10/24
Par value, KZT 1,000.00 1,000.00
Issuance date July 18, 00 June 20, 00
Payment day (till 11:00AM Almaty time) July 20, 00 June 22, 00
Circulation start date July 20, 00 June 22, 00
Maturity date July 18, 02 June 20, 02
Days in circulation 728 728
Coupon payments dates Jan. 18, 00 Dec. 21, 00
July 19, 01 June 21, 01
Jan. 17, 02 Dec. 20, 01
July 18, 02 June 20, 02
Number of primary dealers 10 (+ 3)
Demand, mln KZT 424.1 (+ 222.1)
Max. fixed yield on demand, % APR 65.00 (+ 35.00)
Planned volume, mln KZT 300.0 ( 0)
Actual volume, mln KZT 262.1 (+ 122.1)
Set up fixed yield, % APR 16.30 ( 0)
So far, the Ministry of finance has to work in this sector under a fixed rate,
since the demand parameters are far from favorable to the issuer. It is
enough to say that previous two issues of MEOKAM were cancelled due to
high return asked by the primary dealers and their clients.
Upon the offering of this issue significant increase in demand was noticed,
which might mean that the Ministry of finance has a "constant client", who
buys MEOKAM, and who appeared on the market again after a shot break.
Most of potential investors are interested in the shortest SS only today.