MEOKAM-24 of the Ministry of Finance of Kazakhstan issue #29 - complete offering results

/IRBIS, Jan 23, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 29th auction for MEOKAM-24 floatation (728 days). Announced issue volume is set by the issuer at KZT400 mln. Size of satisfaction of noncompetitive applications is 50% of specified amount. Following is the complete offering data and comparison with previous similar auction: Type of the securities МЕОКАМ-24 МЕОКАМ-24 NSIN KZ52L2301A31 KZ52L1901A30 KASE trade code MOM024.029 MOM024.028 IRBIS registration number 29/24 28/24 Par value, KZT 1,000.00 1,000.00 Issuance date Jan.23, 01 Jan.16, 01 Payment day (till 11:00AM Almaty time) Jan.25, 01 Jan.18, 01 Circulation start date Jan.25, 01 Jan.18, 01 Maturity date Jan.23, 03 Jan.16, 03 Days in circulation 728 728 Coupon payments dates July 26, 01 July 19, 01 Jan.24, 02 Jan.17, 02 July 25, 02 July 18, 02 Jan.23, 03 Jan.16, 03 Number of primary dealers 6 (- 2) Demand, mln KZT 221.0 (+ 67.3) Max. fixed yield on demand, % APR 25.00 (- 35.00) Planned volume, mln KZT 400.0 ( 0) Actual volume, mln KZT 185.0 (+ 102.3) Fixed yield, % APR 15.38 ( 0) According to the Ministry of finance non-residents made no applications. As it should be expected, the demand for MEOKAM is restoring after the banks have solved their problems with the liquidity. This sector of the market is returning to its normal working condition, which is characterized by a demand that is sufficient to announced issue volume and stable returns in bids submitted by the dealers.