The Ministry of Finance of Kazakhstan announced the auction on July 16 on offering on KASE of MEOKAM-36 of issue 65 (KZK2KY030650) failed

/KASE, July 16, 08/ - Kazakhstan Stock Exchange (KASE) informs that on July 16, 2008, in the exchange trading system the Ministry of Finance of the Republic of Kazakhstan tried to offer government mid-term treasury obligations of the Ministry of Finance of the Republic of Kazakhstan (MEOKAM) on described below terms (ALT). PARAMETERS OF ISSUE: --------------------------------------------------- ------------------------- Security type: МЕОКАМ-36 National identification number: KZK2KY030650 Issue serial number: 65/36 KASE trading code: MOM036_0065 Face value, KZT: 1 000.00 Time base: 30/360 Date of offering: 16.07.2008 Date of circulation start: 16.07.2008 Last day of circulation: 15.07.2011 Maturity date: 16.07.2011 Circulation period: 3 years (1080 days) Periodicity of coupon payment: 2 time a year Schedule of upcoming coupon payments: 1 16.01.2009 2 16.07.2009 3 16.01.2010 4 16.07.2010 5 16.01.2011 6 16.07.2011 --------------------------------------------------- ------------------------- TERMS OF OFFERING: --------------------------------------------------- ------------------------- Announced volume, KZT m.: 9 000,0 Trade object: Coupon rate Orders submission method: Closed Orders acceptance time: 09:00-11:00 Orders confirmation time: 09:00-11:30 (Т+0) Time of cut-off: Till 15:00 (Т+0) Orders satisfaction method: At cut-off price (rate) Stake of satisfied market orders, %: 70 Date of payment: 16.07.2008 Time of payment: Till 15:00 (Т+0) --------------------------------------------------- ------------------------- Demand parameters: --------------------------------------------------- ------------------------- Number of participants - primary dealers: 10 Number of submitted orders (total / active): 34 / 26 including: - limited: 22 / 17 - market: 12 / 9 Volume of active orders*, KZT m.: 11 785,0 including: - limited: 3 850,0 - market: 7 935,0 Order to offer, %: 130,9 Ставка купона по поданным лимит. заявкам, % год. (всем / активным): - минимальная: 8,30 / 8,30 - максимальная: 10,50 / 10,50 - средневзвешенная: 8,89 / 8,93 --------------------------------------------------- ------------------------- * active orders- orders not annulled by trades participants by the moment of orders submitting period expiration, including those, confirmed by Confirmation system participants In the entire volume of active orders, 19.0 % of them fell at the subjects of pension market, 52.4 % - at the stake of second tier banks (STB), 13.3 % - at clients of STB, 15.3 % - at the brokerage and dealership companies. Having reviewed the demand parameters, the Ministry of Finance announced the auction failed "due to the unsatisfactory price on submitted orders". [2008-07-16]