MEOKAM-36 of Ministry of Finance of Kazakhstan of the 58th issue - results of offering

/IRBIS, July 9, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 58th auction for MEOKAM-36 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 KZK2KY030585 KZK2KY030577 KASE trade code MOM036.058 MOM036.057 IRBIS registration number 58/36 57/36 Par value, KZT 1,000.00 1,000.00 Offering date (auction) July 09, 03 June 26,03 Payment date July 10, 03 June 27,03 Circulation start date July 11, 03 June 28,03 Maturity date (planned / actual) Jul09,06/Jul10,06 Jun26,06/Jun26,06 Days in circulation 1095 days 1905 days Coupon payments dates (planned/actual) 1 Jan08,04/Jan08,04 Dec26,03/Dec26,03 2 Jul09,04/Jul09,04 June26,04/June28,04 3 Jan07,05/Jan07,05 Dec25,04/Dec27,04 4 Jul09,05/Jul11,05 June26,05/June27,05 5 Jan07,06/Jan09,06 Dec25,05/Dec26,05 6 Jul09,06/Jul10,06 June26,06/June26,06 Planned volume. KZT m 2,300.0 1,000.0 Number of participants - Primary dealers 15 15 Demand. KZT m 10,202.9 15,920.1 Maximum yield on demand, % APR 7.20 7.00 Actual volume, KZT m 2,300.0 1,000.0 Fixed rate, % APR 6.50 6.67 ------------------------------------------------------------------------------ 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 #65, KZK2KY020651, July 2, 03, interest rate 6.00% APR) demand downed by KZT8,055.5 m. (by 44.1%), actual floatation volume increased by KZT300.3 m. (by 15.0%). The Ministry of finance strictly follows budgeted amounts of borrowing, which is no secret. Nevertheless volume of the bid for MEOKAM remains high and the yield of the bonds for buyers continues to fall under the pressure of auction factor. [2003-07-09]