MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #21 - complete offering results

/IRBIS, Jan 25, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 21st auction for MEOKAM-36 floatation (1,092 days). Announced volume of the issue is determined by the issuer at KZT500 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 KZ53L2301A48 KZ53L1601A47 KASE trade code MOM036.021 MOM036.020 IRBIS registration number 21/36 20/36 Par value, KZT 1,000.00 1,000.00 Issuance date Jan.25, 01 Jan.18, 01 Payment day (till 11:00AM Almaty time) Jan.26, 01 Jan.19, 01 Circulation start date Jan.26, 01 Jan.19, 01 Maturity date Jan.23, 04 Jan.16, 04 Days in circulation 1,092 1,092 Coupon payments dates July 27, 01 July 18, 01 Jan.25, 02 Jan.18, 02 July 26, 02 July 19, 02 Jan.24, 03 Jan.17, 03 July 25, 03 July 18, 03 Jan.23, 04 Jan.16, 04 Planned volume, mln KZT 500.0 ( 0) Number of primary dealers 10 (- 2) Demand, mln KZT 251.1 (- 121.3) Max. fixed yield on demand, % APR 60.00 ( 0) Actual volume, mln KZT 103.1 (- 122.3) Set up fixed yield, % APR 17.10 ( 0) According to the Ministry of Finance (MOF) the non-residents made no applications. Limited tenge liquidity has again negatively affected demand parameters. The money market is still more profitable for PAMC. The Finance Ministry also does not intend to retreat and lower yields for bonds.