On April 20 the demand was absent at the specialized trades for offering of the seventh issue of MEOKAM-84 (KZK2KY070078)

/KASE, April 20, 07/ - Kazakhstan stock exchange (KASE) informs that on April 20 2007 it was made an attempt to hold the repeated auction for re- offering of mid-term treasury liabilities of the Ministry of finance of the Republic of Kazakhstan MEOKAM-84 (MOM084_0007, KZT1,000, KZT12,815,500.0 th., October 12, 04 - October 11, 11, semi-annual coupon 5.70% APR, actual/365) for a total of KZT3.4 bn in the nominal expression of debt by payments scheme Т+0. In the course of trades none of bids was submitted in the trade system of KASE, which is explained by very late informing of holding the auction by the Ministry of finance. Let us remind that according to Article 7 of Rules of offering government treasury bonds of the Republic of Kazakhstan, approved by the decision of the Exchange council of KASE on December 29, 2004, "Application of the Issuer must be received by the Stock Exchange not later than two working days before the date appointed by the Issuer of conducting this auction". At the same time, notification about the auction mentioned above was, based on the outgoing date, prepared by the Ministry of Finance on April 19 abd received by KASE by fax on April 19 at 10:38 ALT. News about conducting of auctions was spread by the stock exchange that same day at 11:53 ALT. [2007-04-20]