Ministry of Finance of Kazakhstan intends to offer MEOKAM-48 on September 30

/IRBIS, September 27, 02/ - The Ministry of Finance plans to float MEOKAM- 48 on September 30 with the right of the repeated opening. Following is the announced issue parameters: ------------------------------------------------------- Type of the securities МЕОКАМ-48 KASE trade code MОM048.026 Par value, KZT 1,000.00 Day of auction Sep 30, 02 Payment day Oct 3, 02 Circulation start date Oct 4, 02 Maturity date (planned / actual) Oct 2, 06 / Oct 3, 06 Circulation term 1460 days Coupon payments dates 1 Apr 3, 03 / Apr 3, 03 2 Oct 3, 03 / Oct 3, 03 3 Apr 2, 04 / Apr 2, 04 4 Oct 2, 04 / Oct 4, 04 5 Apr 2, 05 / Apr 4, 05 6 Oct 2, 05 / Oct 3, 05 7 Apr 2, 06 / Apr 3, 06 8 Oct 2, 06 / Oct 2, 06 Authorized issue volume, KZT m 1,000.0 ------------------------------------------------------- Limitation for noncompetitive applications is 30%. Coupon bonds are calculated under actual/365 base. The right of repeated opening - option ruled floatation of GS of the Ministry of finance, which took effect on May 13 of 2002, which allows the issuer to conduct additional floatations МЕКАМ of the issued emission within the limits of bonds circulation. The subject of haggling during such additional floatations is bond's price. Volume of redemption and servicing of GS of the Ministry of finance of Kazakhstan in the next week ( September 30 - October 6) is estimated by IRBIS at KZT57,471.3m, including redemption and coupon payment on euronotes of the second issue in the equivalent of KZT56,321.2m (payment is made in US dollars). Total volume of domestic GS settlement and serving for the period of September 30 - October 6 is estimated by IRBIS at KZT60,684.2m. [2002-09-27]