MEOKAM-24 of the Ministry of Finance of Kazakhstan issue #32 - complete offering results

/IRBIS, Feb 6, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 32nd 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 KZ52L0602A31 KZ52L3101A31 KASE trade code MOM024.032 MOM024.031 IRBIS registration number 32/24 31/24 Par value, KZT 1,000.00 1,000.00 Issuance date Feb.06, 01 Feb.01, 01 Payment day (till 11:00AM Almaty time) Feb.08, 01 Feb.02, 01 Circulation start date Feb.08, 01 Feb.02, 01 Maturity date Feb.06, 03 Jan.31, 03 Days in circulation 728 728 Coupon payments dates Aug.09, 01 Aug.03, 01 Feb.07, 02 Feb.01, 02 Aug.08, 02 Aug.02, 02 Feb.06, 03 Jan.31, 03 Planned volume, mln KZT 300,0 (+ 100,0) Number of primary dealers 12 ( 0) Demand, mln KZT 1 416.0 (+ 175.0) Max. fixed yield on demand, % APR 35.00 (- 1.00) Actual volume, mln KZT 340.0 (+ 140.0) Fixed yield, % APR 14.99 (- 0.36) According to the Ministry of finance non-residents made no applications. No principal changes are taking place in the sector. The issuer was able to use the great demand to lower the yields of his bonds again. At that, it is happening the second time in a row. There is much money on the market.