MEOKAM-24 of Ministry of Finance of Kazakhstan of the 65th issue - results of offering

/IRBIS, July 2, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 65th auction for MEOKAM-24 offering (730 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-24 МЕОКАМ-24 NIN KZK2KY020651 KZK2KY020644 KASE trade code MOM024.065 MOM024.064 IRBIS registration number 65/24 64/24 Par value, KZT 1,000.00 1,000.00 Settlement basis Actual/365 actual/365 Offering date (auction) July 2, 03 June 9, 03 Payment date July 3, 03 June 10, 03 Circulation start date July 4, 03 June 11, 03 Maturity date (planned / actual) July 2,05/July 7,05 June 9,05/June 9,05 Days in circulation 730 days 730 days Coupon payments dates (planned / actual) 1 Jan 01,04/Jan 01,04 Dec 09,03/June 09,05 2 July 02,04/July 02,04 June 09,04/June 09,04 3 Dec 31,04/Dec 31,04 Dec 08,04/Dec 08,04 4 July 02,05/July 04,05 June 09,05/June 09,05 Planned volume. KZT m 2,000.0 ( 0) Number of participants - Primary dealers 15 (+ 2) Demand. KZT m 18,258.0 (+ 6,674.0) Maximum yield on demand, % APR 7.00 ( 0) Actual volume, KZT m 2,000.0 ( 0) Fixed rate, % APR 6.00 (- 0.70) ---------------------------------------------------------------------------- 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 dated June 26 of 2003 (МЕОКАМ-57 #36, KZK2KY030577, interest rate 6.67% APR) demand grew by KZT2,337.9 m (1.2 times), actual floatation volume increased by KZT1,000.0 m. (2 times). [2003-07-02]