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

/IRBIS, March 05, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 36th 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 KZ52L0503A31 KZ52L2702A36 KASE trade code MOM024.036 MOM024.035 IRBIS registration number 36/24 35/24 Par value, KZT 1,000.00 1,000.00 Issuance date March 05, 01 Feb.26, 01 Payment day (till 11:00AM Almaty time) March 07, 01 March 1, 01 Circulation start date March 07, 01 March 1, 01 Maturity date March 05, 03 Feb.27, 03 Days in circulation 728 728 Coupon payments dates Sep 05, 01 Aug.30, 01 March 06, 02 Feb.28, 02 Sep 04, 02 Aug.29, 02 March 05, 03 Feb.27, 03 Planned volume, mln KZT 300.0 (- 100.0) Number of primary dealers 12 (+ 2) Demand, mln KZT 1,414.4 (- 376.6) Max. fixed yield on demand, % APR 25.00 (- 10.00) Actual volume, mln KZT 300.0 (- 100.0) Fixed yield, % APR 12.99 (- 0.51) According to the Ministry of Finance (MOF) non-residents did not submit any applications for the auction. The auction demonstrated stable and smooth (in price terms) demand. The issuer's tactics did not change. Further falling rates for bonds of the MOF can be expected considering large redemption volume of GB on this week (KZT9,573.8 mln).