Finance ministry of Kazakhstan considered the auction for offering of MEUKAM-84 of the 1st issue (KZKDKY070016) on KASE frustrated

/KASE, May 23, 07/ - Kazakhstan stock exchange (KASE) inform that on May 23, 2007 in exchange's trade system by the Finance ministry of Kazakhstan was made an attempt of additional offering of governmental long term treasury liabilities (MEUKAM) in the frames of repeated auction on the terms given below (Almaty time): PARAMETERS OF ISSUE: ------------------------------------------- ------------------------- Type of security: MEUKAM-84 National Identification Number: KZKDKY070016 Order number of the issue: 1 Trade code on KASE: MUM084_0001 Volume of bonds in circulation, copies: 1,571,428 Face value, KZT: 1,000.00 Circulation start date: March 14, 2007 Last day of circulation: March 13, 2014 Maturity date: March 14, 2014 Circulation term: 7 years (2,520 days) Coupon rate: 6.75% APR Schedule of coupon payments: March 14 annually Time basis: 30/360 ------------------------------------------- ------------------------- TERMS OF OFFERING: ------------------------------------------- ------------------------- Announced volume, copies: 15,000,000 Subject of trades: Net price of bonds Stake of market bids' satisfaction, %: 30 Bids' application method: Closed Time of bids' acceptance: 09:00 - 11:00 Time of bids' confirmation: 09:00 - 11:30 (Т+0) Cut-off time: till 15:00 (Т+0) Payment time: till 15:00 (Т+0) Bids' satisfaction method: limited (competitive) At stated price market (noncompetitive) At average weighted price Amount of days till maturity: 2,451 ------------------------------------------- ------------------------- PARAMETERS OF DEMAND: ------------------------------------------- ------------------------- Number of participants - primary dealers: 2 Number of submitted bids (total / active*): 5 / 5 Including: ( limited 5 / 5 ( market 0 / 0 Volume of active applications, KZT, m.: 4,959.9 Demand to supply, %: 33.1 Net price on submitted limited bids, %: Minimal: 93.3435 Maximal: 98.6466 Average weighted: 94.0880 Yield on submitted limited bids, % year: Minimal: 7.0000 Maximal: 8.0500 Average weighted: 7.8975 ---------------------------------------------------------------------- *active bids - bids, not annulated by participants of trades as of moment of expire of period of bids' submitting, including confirmed b participants of Confirmation system In total volume of demand 96.2% was controlled by bids of one of pension funds, 3.8% - by bids of one of the clients of second tier banks. Examining the parameters of demand, the Finance ministry had considered the auction frustrated "due to unsatisfactory formed price on submitted bids". [2007-05-24]