MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #23 - complete offering results

/IRBIS, Feb 05, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 23rd auction for MEOKAM-36 floatation (1,092 days). Announced volume of the issue is determined by the issuer at KZT400 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 KZ53L0502A49 KZ53L2901A42 KASE trade code MOM036.023 MOM036.022 IRBIS registration number 23/36 22/36 Par value, KZT 1,000.00 1,000.00 Issuance date Feb.05, 01 Jan.30, 01 Payment day (till 11:00AM Almaty time) Feb.08, 01 Feb.1, 01 Circulation start date Feb.08, 01 Feb.1, 01 Maturity date Feb.05, 04 Jan.19, 04 Days in circulation 1,092 1,092 Coupon payments dates Aug.09, 01 Aug.02, 01 Feb.07, 02 Jan.31, 02 Aug.08, 02 Aug.01, 02 Feb.06, 03 Jan.30, 03 Aug.07, 03 July 31, 03 Feb.05, 04 Jan.29, 04 Planned volume, mln KZT 300.0 (- 100.0) Number of primary dealers 9 ( 0) Demand, mln KZT 1,118.5 (- 486.6) Max. fixed yield on demand, % APR 60.00 ( 0) Actual volume, mln KZT 300.0 (- 223.1) Set up fixed yield, % APR 16.85 ( 0) According to the Ministry of Finance (MOF) the non-residents made no applications. The auction indicated that demand for MEOKAM-36 has been completely restored, bid ask parameters have fully stabilized as well. The demand was supported today by high tenge liquidity. The reaction of the Finance Ministry (MOF) was traditional. The issuer raised only announced volume of emission, yields did not change. The MOF tactics in this market segment is absolutely transparent for dealers. Usually, they take a notice on current rate of the last auction.