MEOKAM-24 of the Ministry of Finance of Kazakhstan issue #30 - complete offering results

/IRBIS, Jan 29, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 30th auction for MEOKAM-24 floatation (728 days). Announced issue volume is set by the issuer at KZT300 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 KZ52L3001A32 KZ52L2301A31 KASE trade code MOM024.030 MOM024.029 IRBIS registration number 30/24 29/24 Par value, KZT 1,000.00 1,000.00 Issuance date Jan.29, 01 Jan.23, 01 Payment day (till 11:00AM Almaty time) Feb.01, 01 Jan.25, 01 Circulation start date Feb.01, 01 Jan.25, 01 Maturity date Jan.30, 03 Jan.23, 03 Days in circulation 728 728 Coupon payments dates Aug.02, 01 July 26, 01 Jan.31, 02 Jan.24, 02 Aug.01, 02 July 25, 02 Jan.30, 03 Jan.23, 03 Number of primary dealers 12 (+ 6) Demand, mln KZT 532.0 (+ 311.0) Max. fixed yield on demand, % APR 36.00 (+ 11.00) Planned volume, mln KZT 300.0 (- 100) Actual volume, mln KZT 200.0 (+ 15.0) Fixed yield, % APR 15.38 ( 0) According to the Ministry of finance non-residents made no applications. Demand is still restoring in the sector simultaneously with decline in value of short-term money. Tactics of the Ministry of Finance did not change. The issuer still pays attention to yield of notes (constant for last 7 auctions) not the volumes.