Finance Ministry of Kazakhstan finished offering of KZK2KY040337 issue 14,392,000 MEOKAM-48 for a total of KZT14,458.4 m. under 3.70-6.00% APR on KASE's auction on September 20

/KASE, September 20, 06/ - Kazakhstan stock exchange (KASE) informs that on September 20, 2006 the repeated auction on offering of government intermediate-term treasury obligations of Ministry of finance of the Republic of Kazakhstan (MEOKAM) was held in KASE's trading system by the terms given bellow (Almaty time). ISSUE PARAMETERS: ---------------------------------------------- ------------------------- Type of security: МЕОКАМ-48 National identification number: KZK2KY040337 Issue ordinal number: 33 Trade symbol on KASE: MOM048_0033 Face value, KZT: 1.000.00 Bonds volume in circulation, copies: 1,994,608 Circulation start date: March 2, 2004 Last circulation day: February 29, 2008 Maturity date: March 1, 2008 Circulation period: 4 years (1,460 days) Coupon rate: 6.00% APR Periodicity of coupon payment: twice a year Schedule of coupon payments: 6 March 2, 07 7 August 31, 07 8 March 1, 08 Time basis actual/365 ---------------------------------------------- ------------------------- OFFERING TERMS: ---------------------------------------------- ------------------------- Announced volume of offering, securities: 12,000,000* Trades object: net bonds price Number of days until maturity (duration) 528 Satisfaction share of market bids 30 Bids submission method: closed Bids acceptance time: 09:00 - 11:00 Bids confirmation time: 09:00 - 11:30 (Т+0) Cut-off time: until 15:00 (Т+0) Bids satisfaction method: Limited (competitive) At claimed price Market (uncompetitive) At weighted average price Stake of market bids satisfaction, %: 30 Payment date: September 20, 2006 Payment time: until 15:00 (Т+0) Accumulated interest by payment date, %: 0,3288 ---------------------------------------------- ------------------------- * KZT19.5 bn. by face value DEMAND PARAMETERS: ---------------------------------------------- ------------------------- Number of participants - primary dealers: 9 Number of bids submitted (total / active): 24 / 18 Including: - limited: 24 / 18 - market: - / - Volume of active bids*, securities: 19,592,000 Volume of active bids*, KZT 19,605,033,454.76 Demand to offering, %: 163.3 Net price for the given limited bids, % APR (all / active): minimal: 97.3129 / 97.3129 maximum: 103.6376 / 103.2082 weighted average: 99.8858 / 99.7378 Profitability on submitted limited bids, % APR (all/active): minimal: 3.4000 / 3.7000 maximum: 8.0000 / 8.0000 weighted average: 6.0778 / 6.1874 ------------------------------------------------------------------------- * active bids- bids not annulled by trades participants by the moment of bids submission period expiration, including those, confirmed by participants of Confirmation system; the amount according to market bids is calculated by weighted price of the demand RESULTS OF OFFERING ------------------------------------------------------------------------- Volume of satisfied bids, securities: 14,392,000 Volume of satisfied bids, tenge: 14,458,372,764.36 Net price in satisfied bids, %: minimal: 99.9959 maximum: 103.2082 weighted average: 100.1324 Bonds profitability to maturity for purchasers, %, APR: minimal: 3.6996 maximum: 5.9994 weighted average: 5.8989 ------------------------------------------------------------------------- At the total volume of active bids 86.5% comes to Kazakhstan banks, 9.9% - to banks' clients, 1.0% - to broker-dealer companies, 2.6% - to clients of broker-dealer companies. By results of specialized trades 83.0% of bonds were purchased by Kazakhstan banks, 13.5% by banks' clients, 3.5% by clients of broker-dealer companies. According to Central depository of securities JSC (Almaty), all deals on KZK2KY040337 issue MEOKAM-48 re-offering by the end of settlements have been executed by results of the trade Taking into account the earlier conducted offerings, the total volume of KZK2KY040337 issue MEOKAM-48 was 16,386,608 bonds for a total of face value at KZT16,386,608,000.00 The repeated auction was conducted using method of specialized trades. MEOKAM were issued in compliance with Rules of servicing and maturity of government intermediate-term treasury obligations of the Republic of Kazakhstan with circulation term of two years and more, approved by Resolution of the Government of Kazakhstan dated June 10, 1997 #945 with corrections, introduced by the Resolution of the Republic of Kazakhstan dated April 2, 2001 #437. MEOKAM-48 of KZK2KY040337 issue are circulating at the secondary market of KASE under the code specified in the table. Bonds are quoted in KASE's trade system at net prices. [2006-09-20]