MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #30 - complete offering results

/IRBIS, March 6, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 30th 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 KZ53L0303A40 KZ53L2702A43 KASE trade code MOM036.030 MOM036.029 IRBIS registration number 30/36 29/36 Par value, KZT 1,000.00 1,000.00 Issuance date March 6, 01 March 2, 01 Payment day (till 11:00AM Almaty time) March 7, 01 March 2, 01 Circulation start date March 7, 01 March 2, 01 Maturity date March 3, 04 Feb.27, 04 Days in circulation 1,092 1,092 Coupon payments dates Sep.5, 01 Aug.31, 01 March 6, 02 March 1, 02 Sep.4, 02 Aug.30, 02 March 5, 03 Feb.28, 03 Sep.3, 03 Aug.29, 03 March 3, 04 Feb.27, 04 Planned volume, mln KZT 400.0 (- 100.0) Number of primary dealers 13 (+ 4) Demand, mln KZT 2 015.5 (+ 443.2) Max. fixed yield on demand, % APR 25.00 ( 0) Actual volume, mln KZT 323.5 (- 176.5) Set up fixed yield, % APR 14.20 (- 0.50) According to the Ministry of Finance (MOF) no bids were made by the non- residents. The auction results appeared to be very interesting meaning, first of all, strict position of the Finance Ministry to lower bonds' yield. Volume of submitted bids allowed to raise planned amount. Nevertheless, MOF preferred to lower rates once again raising less money than it had planned.