MEOKAM-120 of Ministry of Finance of Kazakhstan of the second issue - results of floatation
17.09.03 00:00
/IRBIS, September 17, 03/ - Today the Ministry of Finance (MOF) and the
National Bank of Kazakhstan held the auction for MEOKAM-120 offering
(3650 days) of the second issue. Size of satisfaction for noncompetitive bids
is 30% of specified amount.
Following is the parameters of the issue, results of auction and comparison
with previous successful floatation.
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Type of securities MEOKAM-120 MEOKAM-120
NSIN KZK2KY100024 KZK2KY100016
KASE trade code MOM120.002 MOM120.001
IRBIS registration number 2/120 1/120
Par value, KZT 1,000.00 1,000.00
Offering date (auction) Sep 17, 03 Sep 10, 03
Payment date Sep 18, 03 Sep 11, 03
Circulation start date Sep 19, 03 Sep 12, 03
Maturity date (planned/actual) Sep15,13/Sep16,13 Sep8,13/Sep9,13
Days in circulation 3650 days 3650 days
(10 years) (10 years)
Coupon payments dates (planned/actual) 1 Mar18,04/Mar18,04 Mar11,04/Mar11,04
2 Sep17,04/Sep17,04 Sep10,04/Sep10,04
3 Mar18,05/Mar18,05 Mar11,05/Mar11,05
4 Sep17,05/Sep19,05 Sep10,05/Sep12,05
5 Mar18,06/Mar20,06 Mar11,06/Mar1306
6 Sep17,06/Sep18,06 Sep10,06/Sep11,06
7 Mar18,07/Mar19,07 Mar11,07/Mar12,07
8 Sep17,07/Sep17,07 Sep10,07/Sep10,07
9 Mar17,08/Mar17,08 Mar10,08/Mar10,08
10 Sep16,08/Sep16,08 Sep9,08/Sep9,08
11 Mar17,09/Mar17,09 Mar10,09/Mar10,09
12 Sep16,09/Sep16,09 Sep9,09/Sep9,09
13 Mar17,10/Mar17,10 Mar10,10/Mar10,10
14 Sep16,10/Sep16,10 Sep9,10/Sep9,10
15 Mar17,11/Mar17,11 Mar10,11/Mar10,11
16 Sep16,11/Sep16,11 Sep9,11/Sep9,11
17 Mar16,12/Mar16,12 Mar9,12/Mar9,12
18 Sep15,12/Sep17,12 Sep8,12/Sep10,12
19 Mar16,13/Mar18,13 Mar9,13/Mar11,13
20 Sep15,13/Sep16,13 Sep8,13/Sep9,13
Planned volume. KZT m 2,000.0 (+ 1,000.0)
Number of participants - Primary dealers 6 (- 8)
Demand. KZT m 2,415.8 (- 7,429.8)
Maximum yield on demand, % APR 10.99 (- 9.01)
Actual volume, KZT m 1,265.6 (+ 265.6)
Fixed rate, % APR 6.48 (+ 0.04)
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According to information of the Ministry of finance, no bids were submitted to
the auction from non-residents.
Relative to previous successful floatation of МЕОКАМ dated September 15
of 2003 (МЕОКАМ-36 , KZK2KY030601, coupon rate 5.68% APR) demand
has dropped by KZT3,068.2 m. (2.3 times), actual volume of satisfied bids
has increased by KZT3,144.4 mn. (3.5 times).
[2003-09-17]