MEOKAM-24 of the Ministry of Finance of Kazakhstan issue #38 - complete offering results

/IRBIS, March 19, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 38th 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 KZ52L1903A35 KZ52L1303A31 KASE trade code MOM024.038 MOM024.037 IRBIS registration number 38/24 37/24 Par value, KZT 1,000.00 1,000.00 Issuance date March 19, 01 March 12, 01 Payment day (till 11:00AM Almaty time) March 21, 01 March 15, 01 Circulation start date March 21, 01 March 15, 01 Maturity date March 19, 03 March 13, 03 Days in circulation 728 728 Coupon payments dates Sept 19, 01 Sept 13, 01 March 20, 02 March 14, 02 Sept 18, 02 Sept 12, 02 March 19, 03 March 13, 03 Planned volume, mln KZT 300.0 ( 0) Number of primary dealers 12 (- 3) Demand, mln KZT 1,544.0 (- 202.0) Max. fixed yield on demand, % APR 25.00 ( 0) Actual volume, mln KZT 300.0 ( 0) Fixed yield, % APR 10.85 (- 1.14) According to the Ministry of Finance (MOF) non-residents did not submit any applications for the auction. Nothing changes principally in this sector of the market. The Ministry of Finance uses a very great demand for his bonds to actually a fast reduction of their yields. It can be said that the market was not as favorable to the issuer now as before, and he uses it to restructure his debt actively.