MEOKAM-36 of the Ministry of Finance of Kazakhstan issue #32 - complete offering results

/IRBIS, March 20, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 32nd 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 KZ53L1703A44 KZ53L1103A40 KASE trade code MOM036.032 MOM036.031 IRBIS registration number 32/36 31/36 Par value, KZT 1,000.00 1,000.00 Issuance date March 20, 01 March 13, 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 17, 04 March 11, 04 Days in circulation 1,092 1,092 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 Sept.17, 03 Sept.11, 03 March 17, 04 March 11, 04 Planned volume, mln KZT 400.0 ( 0) Number of primary dealers 10 (- 4) Demand, mln KZT 1,094.3 (- 986.3) Max. fixed yield on demand, % APR 25.00 ( 0) Actual volume, mln KZT 335.3 (- 64.7) Set up fixed yield, % APR 11.70 (- 1.29) The situation in this sector of the market is still not changing. Some decrease of the demand relative to previous week can be explained by three-times lower repayment volume of GB. But, in general, demand remains great, and the Ministry of Finance uses it to lower the yields of his bonds.