Finance Ministry of Kazakhstan finished offering of KZK2KY060061 issue 5.4 m. MEOKAM-72 for the total of KZT5,408.6 m. under 4.10-6.80% APR on KASE's auction on September 29

/KASE, September 29, 06/ - Kazakhstan stock exchange (KASE) informs that on September 29, 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: 14,890,000 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: 5,000,000* Trades object: net bonds price Number of days until maturity (duration) 1.200 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 Payment date: September 29, 2006 Payment time: until 15:00 (Т+0) Accumulated interest by payment date, %: 1.30356164383562 ---------------------------------------------- ------------------------- * KZT12.0 bn. by face value DEMAND PARAMETERS: ---------------------------------------------- ------------------------- Number of participants - primary dealers: 11 Number of bids submitted (total / active): 46 / 41 Including: - limited: 40 / 35 - market: 6 / 6 Volume of active bids*, securities: 35 950 000 Volume of active bids*, KZT 35,063,640,768.13 Demand to offering, %: 719.0 Net price for the given limited bids, % APR (all / active): minimal: 94.0670 / 94.0670 maximum: 106.0860 / 106.0860 weighted average: 96.5073 / 96.2309 Profitability on submitted limited bids, % APR (all/active): minimal: 4.0999 / 4.0999 maximum: 8.1894 / 8.1894 weighted average: 7.3047 / 7.4039 ------------------------------------------------------------------------- * 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 limited bids RESULTS OF OFFERING ------------------------------------------------------------------------- Volume of satisfied bids, securities: 5,400,000 Volume of satisfied bids, tenge: 5,408,616,228.76 Net price in satisfied bids, %: minimal: 97.9566 maximum: 106.0860 weighted average: 98.8560 Bonds profitability to maturity for purchasers, %, APR: minimal: 4.0999 maximum: 6.7994 weighted average: 6.4834 ------------------------------------------------------------------------- At the total volume of active bids 98.6% comes to the stake of Kazakhstan banks, 1.4% - to clients of broker-dealer companies. By the results of specialized trades the whole volume of bonds was purchased by Kazakhstan banks. 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 20,290,000 bonds for a total of face value at KZT20,290,000,000.00. 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. [2006-09-29]