MEOKAM-60 of Ministry of Finance of Kazakhstan of the 19th issue - results of offering
19.11.03 00:00
/IRBIS, November 19, 03/ - Today the Ministry of Finance and the National
Bank of Kazakhstan held the 19th auction for MEOKAM-60 offering (1825
days, 5 years). Size of satisfaction for noncompetitive bids is 30% of
specified amount.
Following is the issue structure, results of bonds offering and comparison
with previous similar issue:
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Type of securities МЕОКАМ-60 МЕОКАМ-60
NSIN KZK2KY050195 KZK2KY050187
KASE trade code MOM060.019 MOM060.018
IRBIS registration number 19/60 18/60
Par value, KZT 1,000.0 1,000.0
Time Basis actual/365 actual/365
Issue date Nov 19, 03 Nov 10, 03
Payment date Nov 20, 03 Nov 11, 03
Circulation start date Nov 21, 03 Nov 12, 03
Maturity date (planned/actual) Nov 18,08/ Nov18,08 Nov9,08/Nov10,08
Days in circulation 1,825 1,825
Coupon payments dates (planned/actual) 1 May 20,04/May20,04 May11,04/May11,04
2 Nov19,04/Nov19,04 Nov10,04/Nov10,04
3 May20,05/May20,05 May11,05/May11,05
4 Nov19,05/Nov21,05 Nov10,05/Nov10,05
5 May20,06/May22,06 May11,06/May11,06
6 Nov19,06/Nov20,06 Nov10,06/Nov10,06
7 May20,07/May21,07 May11,07/May11,07
8 Nov19,07/Nov19,07 Nov10,07/Nov12,07
9 May19,08/May19,08 May10,08/May12,08
10 Nov18,08/Nov18,08 Nov9,08/Nov10,08
Planned volume. KZT m 4,500.0 (+300.0)
Number of participants - Primary dealers 13 (+2)
Demand. KZT m 7,200.0 (+92.8)
Maximum yield on demand, % APR 15.00 ( 0)
Actual volume, KZT m 5,600.0 (+1,557.8)
Fixed rate, % APR 6.09 ( 0)
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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 November 17,
2003, (МЕОКАМ-108, KZK2KY090035, coupon rate 6.30% APR) demand
has decreased by KZT4,970.0 m. (3.2 times), actual volume of satisfied bids
increased by KZT5,080.0 m. (10.8 times).
[2003-11-19]