MEOKAM-60 of Ministry of Finance of Kazakhstan of the 12th issue - results of offering

/IRBIS, July 22, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 12th auction for MEOKAM-60 offering (1825 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 similar comparable issue: -------------------------------------------------------------------------------- Type of securities МЕОКАМ-60 МЕОКАМ-60 NSIN KZK2KY050120 KZK2KY050112 KASE trade code MOM060.012 MOM060.011 IRBIS registration number 12/60 11/60 Par value, KZT 1,000.00 1,000.00 Offering date (auction) July 21,03 Nov 20,02 Payment date July 22,03 Nov 22,02 Circulation start date July 23,03 Nov 23,02 Maturity date (planned/actual) July20,08/July21,08 Nov21,07/Nov21,07 Days in circulation 1825 days 1825 days Coupon payments dates (planned/actual) 1 Jan20,04/Jan20,04 May23,03/May23,03 2 July21,04/July21,04 Nov22,03/Nov24,03 3 Jan19,05/Jan19,05 May22,04/May24,04 4 July21, 05/July21,05 Nov21, 04/Nov22,04 5 Jan19,06/Jan19,06 May22,05/May23,05 6 July21,06/July21,06 Nov21,05/Nov21,05 7 Jan19,07/Jan19,07 May22,06/May22,06 8 July21,07/July23,07 Nov21,06/Nov21,06 9 Jan19,08/Jan21,08 May22,07/May22,07 10 July20,08/July21,08 Nov21,07/Nov21,07 Planned volume. KZT m 2,300.0 (+ 0.800) Number of participants - Primary dealers 13 (+ 5) Demand. KZT m 12,890.0 (+ 9,161.8) Maximum yield on demand, % APR 2 300.0 (+ 1 321.8) Actual volume, KZT m 6.68 (- 1.52) Fixed rate, % APR 2,300.0 (+ 0.800) -------------------------------------------------------------------------------- According to information of the Ministry of finance, no bids were submitted to the auction from non-residents. Relative to previous successful floatation of МЕОКАМ (МЕОКАМ-24, KZK2KY020669, July 14, 03, coupon rate 5.98% APR) demand has risen by KZT1,417.0 m., actual volume of satisfied bids has not changed. [2003-07-22]