MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #14 - complete offering results

/IRBIS, Nov 27, 00/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 14th 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 KZ53L2711A34 KZ53L2011A30 KASE trade code MOM036.014 MOM036.013 IRBIS registration number 14/36 13/36 Par value, KZT 1,000.00 1,000.00 Issuance date Nov.27, 00 Nov.20, 00 Payment day (till 11:00AM Almaty time) Nov.30, 00 Nov.23, 00 Circulation start date Nov.30, 00 Nov.23, 00 Maturity date Nov.27, 03 Nov.20, 03 Days in circulation 1,092 1,092 Coupon payments dates May 31, 01 May 24, 01 Nov.29, 01 Nov.22, 01 May 30, 02 May 23, 02 Nov.28, 02 Nov.21, 02 May 29, 03 May 22, 03 Nov.27, 03 Nov.20, 03 Planned volume, mln KZT 300.0 ( 0) Number of primary dealers 10 (+ 1) Demand, mln KZT 442.6 (+ 71.6) Max. fixed yield on demand, % APR 60.00 ( 0) Actual volume, mln KZT 276.6 (+ 172.6) Set up fixed yield, % APR 17.25 ( 0) According to the Ministry of Finance (MOF) the non-residents made no applications. The auction passed in traditional way. Demand that grew up after large redemption of GB on the previous week allowed the MOF to increase borrowing volume. The issuer always use this possibility with these bonds as long as demand parameters allow it.