MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #24 - complete offering results

/IRBIS, Feb 8, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 24th 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 KZ53L0602A48 KZ53L0502A49 KASE trade code MOM036.024 MOM036.023 IRBIS registration number 24/36 23/36 Par value, KZT 1,000.00 1,000.00 Issuance date Feb.08, 01 Feb.05, 01 Payment day (till 11:00AM Almaty time) Feb.09, 01 Feb.08, 01 Circulation start date Feb.09, 01 Feb.08, 01 Maturity date Feb.06, 04 Feb.05, 04 Days in circulation 1,092 1,092 Coupon payments dates Aug.10, 01 Aug.09, 01 Feb.08, 02 Feb.07, 02 Aug.09, 02 Aug.08, 02 Feb.07, 03 Feb.06, 03 Aug.08, 03 Aug.07, 03 Feb.06, 04 Feb.05, 04 Planned volume, mln KZT 400.0 (+ 100.0) Number of primary dealers 9 ( 0) Demand, mln KZT 5,570.5 (+ 4,452.0) Max. fixed yield on demand, % APR 36.00 (- 24.00) Actual volume, mln KZT 400.0 (+ 100.0) Set up fixed yield, % APR 16.30 (- 0.55) According to the Ministry of Finance (MOF) the non-residents made no applications. The auction fixed record high demand. MOF has never seen this amount on floatations of three-year bonds. Tenge liquidity of the market is very high. It is notable that auction has been dated on the same as floatation of NBK notes. Volume of demand for notes was also high and exceeded KZT3.2 bln. The issuer has again demonstrated low interest in reaching planned volume of borrowing. High demand was used as a mean to decrease yields, or debt servicing cost.