MEOKAM-48 of the Ministry of Finance of Kazakhstan issue #01 - complete offering results

/IRBIS, Apr 19, 01/ - Today the Ministry of Finance and the National Bank of Kazakhstan held first auction for offering of MEOKAM-48 (1,460 days). Size of satisfaction of noncompetitive applications is 50% of specified amount. Following is structure of emission with complete offering results. ------------------------------------------------------------ Type of the securities MEOKAM-48 NSIN KZ54L1904A57 KASE trade code MOM048.001 IRBIS registration number 01/48 Par value, KZT 1,000.00 Issuance date Apr. 19, 01 Payment date Apr. 20, 01 Circulation date Apr. 20, 01 Maturity date Apr. 19, 05 Days in circulation 1,460 Coupon payments dates (nominal / actual) 1 Oct. 19, 01 / Oct. 19, 01 2 Apr. 20, 02 / Apr. 19, 02 3 Oct. 19, 02 / Oct. 18, 02 4 Apr. 20, 03 / Apr. 21, 03 5 Oct. 19, 03 / Oct. 19, 03 6 Apr. 19, 04 / Apr. 19, 04 7 Oct. 18, 03 / Oct. 18, 03 8 Apr. 19, 04 / Apr. 19, 04 Planned volume, mln KZT 800.0 Number of primary dealers 8 Demand, mln KZT 1,408.7 Max. fixed yield on demand, % APR 25.00 Actual volume, mln KZT 612.7 Set up fixed yield, % APR 12.00 ------------------------------------------------------------ Undoubtedly, the auction was successful for the Finance Ministry. It was also success regarding restructuring of the debt. None of bond emissions have had such long maturity and have met high demand. It should be noted that auction was held in time when most banks experienced tenge shortage. However, demand exceeded planned volume, while the yield was low.