MEKKAM-6 #154 - offering results
/IRBIS, July 31, 00/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 154th auction for MEKKAM-6 offering (182 days). Announced volume of the issue - KZT250 mln. Size of satisfaction for incompetitive applications is 50% of specified amount.
Following is the complete offering data and comparison with previous similar auction:
----------------------------- ------------- -------------- Type of the securities MEKKAM-6 MEKKAM-6 NSIN KZ46L0102A19 KZ46L2601A11 KASE trade code MKM006.154 MKM006.153 IRBIS registration number 154/6 153/6 Par value, KZT 100.00 100.00 Issuance date July 31, 2000 July 28, 2000 Circulation start date Aug. 03, 2000 July 28, 2000 Maturity date Feb. 01, 2001 Jan. 26, 2001 Days in circulation 182 182 Number of Primary dealers 12 (+ 4) Demand, mln KZT 1,628.4 (+ 419.3) WA yield on demand, % APR 12.95 (- 0.11) Planned volume, mln KZT 250.0 ( 0) Actual volume, mln KZT 250.0 ( 0) Cut-off price, % of par value 94.05 (+ 0.02) WA price, % of par value 94.05 (+ 0.02) Maximum yield, % APR 12.65 (- 0.05) Weighted average yield, % APR 12.65 (- 0.05) Effective WA yield, % APR 13.05 (- 0.05) ----------------------------- ------------- --------------
The Ministry of finance says no applications were submitted by non- residents.
The sector is still under influence of the previous week residual demand. Thus the issuer did not meet any problems placing these bills. However, the Ministry of Finance still limited itself within planned volume of floatation. Thereby, it tried to direct money to Tuesday floatation of MEOKAM with more longer circulation term.
No fundamental changes in the sector were observed today.