MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #13 - complete offering results
20.11.00 00:00
/IRBIS, Nov.20, 00/ - Today the Ministry of Finance and the National Bank of
Kazakhstan held the 13th auction for MEOKAM-36 floatation (1,092 days).
Announced volume of the issue is determined by the issuer at KZT300 mln.
Size of satisfaction of noncompetitive applications is 50% of specified
amount.
Following are complete offering results and the comparison with previous
similar auction.
Type of the securities MEOKAM-36 MEOKAM-36
NSIN KZ53L2011A30 KZ53L1311A30
KASE trade code MOM036.013 MOM036.012
IRBIS registration number 12/36 12/36
Par value, KZT 1,000.00 1,000.00
Issuance date Nov.20, 00 Nov.13, 00
Payment day (till 11:00AM Almaty time) Nov.23, 00 Nov.16, 00
Circulation start date Nov.23, 00 Nov.16, 00
Maturity date Nov.20, 03 Nov.13, 03
Days in circulation 1,092 1,092
Coupon payments dates May 24, 01 May 17, 01
Nov.22, 01 Nov.15, 01
May 23, 02 May 16, 02
Nov.21, 02 Nov.14, 02
May 22, 03 May 15, 03
Nov.20, 03 Nov.13, 03
Planned volume, mln KZT 300.0 ( 0)
Number of primary dealers 9 (- 2)
Demand, mln KZT 371.0 (- 171.0)
Max. fixed yield on demand, % APR 60.00 ( 0)
Actual volume, mln KZT 104.0 (- 101.0)
Set up fixed yield, % APR 17.25 ( 0)
According to the Ministry of Finance (MOF) the non-residents made no
applications.
The situation in this sector still remains stable, though demand is constantly
decreasing based on the results of the last four issues (and probably, it is
getting tougher in terms of prices), which has a noticeable impact on actual
volume of satisfied bids. It is possible that the decrease was due to a
significant jump in the cost of money lately, a result of the National Bank's
systematic cleanup of the correspondent accounts of the second tier banks.
By the data of the National Bank, during the first half of November the
monetary mass shrank by 15.3% (KZT23.3 bln) in Kazakhstan.