/SUPPLEMENTED/ MEOKAM-84 of Ministry of Finance of Kazakhstan of the first issue - results of offering
24.10.03 00:00
/IRBIS, October 24, 03, supplemented with data about securities purchasing
by primary dealers and investors/ - On October 23 of 2003 the Ministry of
Finance and the National Bank of Kazakhstan held the first auction for
MEOKAM-84 offering (2555 days, 7 years). Size of satisfaction for
noncompetitive bids is 30% of specified amount.
Following is the results of primary floatation:
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Type of securities МЕОКАМ-84
NSIN KZK2KY070011
KASE trade code MOM084.001
IRBIS registration number 1/84
Par value, KZT 100.0
Time Basis actual/365
Issue date Oct 23, 03
Payment date Oct 23, 03
Circulation start date Oct 24, 03
Maturity date (planned/actual) Oct 21, 10
Days in circulation 2,555
Coupon payments dates (planned/actual) 1 Apr 22, 04 / Apr 22, 04
2 Oct 22, 04 / Oct 22, 04
3 Apr 22, 05 / Apr 22, 05
4 Oct 22, 05 / Oct 24, 05
5 Apr 22, 06 / Apr 24, 06
6 Oct 22, 06 / Oct 23, 06
7 Apr 22, 07 / Apr 23, 07
8 Oct 22, 07 / Oct 22, 07
9 Apr 21, 08 / Apr 21, 08
10 Oct 21, 08 / Oct 21, 08
11 Apr 21, 09 / Apr 21, 09
12 Oct 21, 09 / Oct 21, 09
13 Apr 21, 10 / Apr 21, 10
14 Oct 21, 10 / Oct 21, 10
Planned volume. KZT m 2,000.0
Number of participants - Primary dealers (PD) 14
Demand. KZT m 7,783.2
Maximum yield on demand, % APR 50.00
Actual volume, KZT m 2,743.2
inc. purchased by PD 2,050.0
inc. purchased by clients of PD 693.2
Fixed rate, % APR 6.10
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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 October 16,
2003, (МЕОКАМ-96, KZK2KY080010, coupon rate 6.20% APR) demand has
increased by KZT5,221.2 m. (3.0 times), actual volume of satisfied bids - by
KZT2,181.2 m. (4.9 times).
[2003-10-24]