Finance Ministry of Kazakhstan finished offering of KZPC3Y10B721 issue 12.0 MEOKAM-72 for a total of KZT12,046.0 m. under 5.75-7.49% APR on KASE's auction on September 27

/KASE, September 27, 06/ - Kazakhstan stock exchange (KASE) informs that on September 27, 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-72 National identification number: KZK2KY060061 Issue ordinal number: 6 Trade symbol on KASE: MOM072.006 Face value, KZT: 1.000.00 Bonds volume in circulation, copies: 2.890.000 Circulation start date: January 13, 2004 Last circulation day: January 10, 2010 Maturity date: January 11, 2010 Circulation period: 6 years (2.190 days) Coupon rate: 6.10% APR Periodicity of coupon payment: twice a year Schedule of coupon payments: 6 January 12, 2007 7 July 13, 2007 8 January 12, 2008 9 July 12, 2008 10 January 11, 2009 11 July 12, 2009 12 January 11, 2010 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) 1.202 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 27, 2006 Payment time: until 15:00 (Т+0) Accumulated interest by payment date, %: 1.270137 ---------------------------------------------- ------------------------- * KZT12.0 bn. by face value DEMAND PARAMETERS: ---------------------------------------------- ------------------------- Number of participants - primary dealers: 9 Number of bids submitted (total / active): 25 / 21 Including: - limited: 22 / 19 - market: 3 / 2 Volume of active bids*, securities: 18,830,000 Volume of active bids*, KZT 18,528,793,730.26 Demand to offering, %: 156.9 Net price for the given limited bids, % APR (all / active): minimal: 91.9002 / 91.9002 maximum: 101.0253 / 101.0253 weighted average: 96.8230 / 97.1303 Profitability on submitted limited bids, % APR (all/active): minimal: 5.7495 / 5.7495 maximum: 8.9895 / 8.9895 weighted average: 7.1831 / 7.0757 ------------------------------------------------------------------------- * 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: 12,000,000 Volume of satisfied bids, tenge: 12,045,963,478.38 Net price in satisfied bids, %: minimal: 95.9945 maximum: 101.0253 weighted average: 99.1129 Bonds profitability to maturity for purchasers, %, APR: minimal: 5.7495 maximum: 7.4894 weighted average: 6.3956 ------------------------------------------------------------------------- At the total volume of active bids 2.8% comes to the stake of pension market, 83.9% - to Kazakhstan banks', 10.6% - their clients, 2.7% - to clients of broker-dealer companies. By results of specialized trades 4.4% of bonds were purchased by pension funds by pension assets, 74.6% by Kazakhstan banks, 16.7% - banks' clients, 4.2% by clients of broker-dealer companies. According to Central depository of securities JSC (Almaty), all deals on KZK2KY060061 issue MEOKAM-72 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 KZK2KY060061 issue MEOKAM-72 was 14,980,000 bonds for a total of face value at KZT14,890,000,000.00. 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-72 of KZK2KY060061 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. [2006-09-27]