MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #29 - complete offering results

/IRBIS, March 2, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 29th 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 KZ53L2702A43 KZ53L2002A40 KASE trade code MOM036.029 MOM036.028 IRBIS registration number 29/36 28/36 Par value, KZT 1,000.00 1,000.00 Issuance date March 2, 01 Feb.23, 01 Payment day (till 11:00AM Almaty time) March 2, 01 Feb.23, 01 Circulation start date March 2, 01 Feb.23, 01 Maturity date Feb.27, 04 Feb.20, 04 Days in circulation 1,092 1,092 Coupon payments dates Aug.31, 01 Aug.24, 01 March 1, 02 Feb.22, 02 Aug.30, 02 Aug.23, 02 Feb.28, 03 Feb.21, 03 Aug.29, 03 Aug.22, 03 Feb.27, 04 Feb.20, 04 Planned volume, mln KZT 500.0 (- 100.0) Number of primary dealers 9 (- 3) Demand, mln KZT 1,572.4 (+ 324.4) Max. fixed yield on demand, % APR 25.00 (- 10.00) Actual volume, mln KZT 500.0 (- 100.0) Set up fixed yield, % APR 14.70 (- 0.30) According to the Ministry of Finance (MOF) no bids were made by the non- residents. Demand for the long bonds of the Ministry of Finance keeps growing, showing the increase in the market liquidity in tenge. Mostly, the increase in demand was caused by the big repayment of GB. Most of the participants have reinvested this money into new papers, which allowed the issuer to lower the yields of his bonds once again.