MEOKAM-48 of the Ministry of Finance of Kazakhstan issue #15 - offering results

/IRBIS, Dec 20, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held fifteenth auction for offering of MEOKAM-48 (1,460 days). Size of satisfaction of noncompetitive applications is 50% of specified amount. Following is structure of issue with complete offering results and comparison with previous similar issue. ----------------------------------------------------------------------------- Type of the securities MEOKAM-48 MEOKAM-48 NSIN KZK2KY040154 KZK2KY040147 KASE trade code MOM048.015 MOM048.014 IRBIS registration number 15/48 14/48 Par value, KZT 1,000.00 1,000.00 Issuance date Dec 20, 01 Dec 13, 01 Payment date Dec 21, 01 Dec 14, 01 Circulation date Dec 22, 01 Dec 15, 01 Maturity date Dec 20, 05 Dec 13, 05 Days in circulation 1,460 days 1,460 days Coupon payments dates Jun 21, 02 / Jun 21, 02 Jun 14, 02 / Jun 14, 02 (nominal / actual) 1 2 Dec 21, 02 / Dec23, 02 Dec 14, 02 / Dec16, 02 3 Jun 21, 03 / Jun 23, 03 Jun 14, 03 / Jun 16, 03 4 Dec 21, 03 / Dec 22, 03 Dec 14, 03 / Dec 15, 03 5 Jun 20, 04 / Jun 21, 04 Jun 13, 04 / Jun 14, 04 6 Dec 20, 04 / Dec 20, 04 Dec 13, 04 / Dec 13, 04 7 Jun 20, 05 / Jun 20, 05 Jun 13, 05 / Jun 13, 05 8 Dec 20, 05 / Dec 20, 05 Dec 13, 05 / Dec 13, 05 Planned volume, KZT m 200.0 ( 0) Number of primary dealers 9 (+ 3) Demand, KZT m 622.7 (+ 322.7) Max. fixed yield on demand, 15.00 ( 0) % APR Actual volume, KZT m 202.7 (+ 172.7) Set up fixed yield, % APR 8.30 ( 0) ----------------------------------------------------------------------------- The Ministry of Finance (MOF) informs that non-residents have submitted no applications on the auction. Nothing new happened during the floatation. Demand increased a little bit at almost unchanged price parameters that allowed the issuer to adequately increase a volume of borrowing. At that bonds yield remained unchanged. To all appearances, investors are not trying to have a pressure on the issuer taking into account that it is not interested in the raising of internal debt.