MEOKAM-36 of Ministry of Finance of Kazakhstan of the 56th issue - results of offering

/IRBIS, May 7, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 56th auction for MEOKAM offering (1095 days). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following is the issue structure, results of bonds offering and comparison with previous comparable issue: ----------------------------------------------------------------------------- Type of the securities МЕОКАМ-36 МЕОКАМ-36 NIN KZK2KY030569 KZK2KY030551 KASE trade code MOM036.056 MOM036.055 IRBIS registration number 56/36 55/36 Par value, KZT 1,000.00 1,000.00 Offering date (auction) May 7,03 Nov 14,02 Payment date May 8,03 Nov 15,02 Circulation start date May 8,03 Nov 16,02 Maturity date (planned / actual) May7,06/May8,06 Nov 14,05 Days in circulation 1905 days 1095 days Coupon payments dates (planned / actual) 1 Nov6,03/Nov6,03 May16,03/May16,03 2 May7,04/May7,04 Nov15,03/Nov11,03 3 Nov5,04/Nov5,04 May15,04/May17,04 4 May7,05/May7,05 Nov14, 04/Nov15,04 5 Nov5,05/Nov7,05 May15,05/May16,05 6 May7,06/May8,06 Nov14,05/Nov14,05 Planned volume. KZT m 2,500.0 (+ 500.0) Number of participants - Primary dealers 14 (+ 2) Demand. KZT m 11,922.5 (+ 5,105.2) Maximum yield on demand, % APR 7.79 (- 7.21) Actual volume, KZT m 1,486.0 (- 2,007.8) Fixed rate, % APR 7.00 (- 0.40) ----------------------------------------------------------------------------- According to information of the Ministry of finance, there were no applications to the auction submitted by non-residents. Relative to previous successful floatation of МЕОКАМ (МЕОКАМ-24 #63, KZK2KY020636, interest rate 6.99% APR) demand rose by KZT5,240.5 m. (by 78.4%), actual floatation volume decreased by KZT14.6 m. (by 0.9%). [2003-05-07]