Ministry of Finance of Kazakhstan: auction on offering of 1st issue MEUKAM-72 (KZKDKY060017) on KASE June 11 failed

/KASE, June 11, 08/ - Kazakhstan Stock Exchange (KASE) informed that on June 11, 2008 the Ministry of Finance of the Republic of Kazakhstan made an attempt to offer government long-term treasury obligations (MEUKAM) on the terms as below (Almaty time). ISSUE PARAMETERS: ------------------------------------------ ------------------------ Security type: МЕУКАМ-72 National identification number: KZKDKY060017 Issue order number: 1/72 KASE trade code MUM072_0001 Nominal value, tenge: 1 000,00 Offering date: 11.06.2008 Circulation start date: 11.06.2008 Circulation last date: 10.06.2014 Maturity date: 11.06.2014 Circulation term: 6 years (2160 days) Coupon payment period: annualy Coupon payment schedule: June 11, annually Time base: 30/360 ------------------------------------------ ------------------------ OFFERING TERMS: ------------------------------------------ ------------------------ Declared volume, m. tenge: 11,000.0 Offering price, tenge per bond: 1,000.00 Trade object: coupon rate Bids submission method: closed Bids receipt method: 09:00-11:00 Bids confirmation time: 09:00-11:30 (Т+0) Striking time: before 15:00 (Т+0) Bids satisfaction method: by striking price (rate) Market bids satisfaction stake, %: 70 Payment date: 11.06.2008 Payment time: before 15:00 (Т+0) ------------------------------------------ ------------------------ DEMAND PARAMETERS: ------------------------------------------ ------------------------ Number of members - primary dealers: 15 Number of submitted bids (total / active): 40 / 32 including: ( limited: 27 / 26 ( market: 13 / 6 Active bids volume*, m. tenge: 23,390.0 including: ( limited: 19,890.0 ( market: 3,500.0 Demand to supply, %: 212.6 Coupon rate on submitted bids, % yr. (all / active): - minimum: 8.50 / 8.50 - maximum: 20.00 / 20.00 - weighted average: 13.9853 / 13.5468 ------------------------------------------ ------------------------ * active bids - orders, not annulled by trade participants as on bids submission period expiry, including those confirmed by Confirmation system participants In the total of active bids pension market entities covered 38.3 %, Kazakhstan banks - 42.7 %, bank customers - 6.4 %, broker and dealer companies - 6.0 %, their clients - 6.6 %. Having studied demand parameters, the Ministry of Finance declared the auction failed "due to unsatisfactory price built by submitted bids". [2008-06-11]