MEOKAM-24 of Ministry of Finance of Kazakhstan of the 67th issue - results of offering

/IRBIS, August 11, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 67th 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 KZK2KY020677 KZK2KY020669 KASE trade code MOM024.067 MOM024.066 IRBIS registration number 67/24 66/24 Par value, KZT 1,000.00 1,000.00 Settlement basis actual/365 actual/365 Offering date (auction) August 11, 03 July 14, 03 Payment date August 12, 03 July 15, 03 Circulation start date August 13, 03 July 16, 03 Maturity date (planned / actual) August 11,05 July 14,05 Days in circulation 730 days 730 days Coupon payments dates (planned / actual) 1 February 10, 04 Jan 13, 04 2 August 11, 04 July 14, 04 3 February 9, 05 Jan 12, 05 4 August 11, 05 July 14, 05 Planned volume. KZT m 2,300.0 ( 0) Number of participants - Primary dealers 12 (+ 2) Demand. KZT m 7,588.6 (- 6,718.4) Maximum yield on demand, % APR 7.50 (+ 0.75) Actual volume, KZT m 2,300.0 ( 0) Fixed rate, % APR 5.80 (- 0.18) ------------------------------------------------------------------------- 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 August 4 of 2003 (МЕОКАМ-59 #36, KZK2KY030593, interest rate 6.00% APR) demand fell by KZT2,519.4 m (1.3 times), actual floatation volume has almost remained the same. [2003-08-11]