MEIKAM-36 of the Ministry of Finance of Kazakhstan issue #3 - offering results

/IRBIS, Jan 30, 02/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 3rd auction for MEIKAM-36 floatation with 1,095 days of circulation. Size of satisfaction of incompetitive applications is 30% of specified amount. Following are complete offering results. ---------------------------------------------------- Type of the securities MEIKAM-36 NSIN KZK4KY030039 KASE trade code MIM036.003 IRBIS registration number 3/36I Par value, KZT 1,000.00 Auction date Jan 30, 02 Payment day (till 11:00AM Almaty time) Jan 31, 02 Circulation start date Feb 01, 02 Maturity date Jan 30, 05 Days in circulation 1,095 Planned volume, mln KZT 600.0 Number of primary dealers 6 Demand, mln KZT 1,203.0 Max. fixed yield on demand, % APR 15.00 Actual volume, mln KZT 643.0 Set up fixed yield, % APR 4.00 ---------------------------------------------------- Coupon payments on these securities will be paid on: May 7, 02; Aug 7, 02; Nov 7, 02; Feb 7, 03; May 7, 03; Aug 7, 03; Nov 7, 03; Feb 6, 04; May 7, 04; Aug 6, 04; Nov 5, 04; Feb 7, 05. According to the Ministry of finance no bids were submitted to the auction from non-residents. Last time MEIKAM-36 were issued on February 27, 2001 with fixed yield of 7.60% APR. Relative to previous successful floatation of indexed bonds of the Ministry of Finance (KZK4KY040053, MEIKAM-48 #5 dated Dec 28, 01, fixed yield - 4.30% APR) demand increased by KZT803.0m (3.0 times), actual offering volume - KZT415.0m (2.8 times).