MEOKAM-60 of Ministry of Finance of Kazakhstan of the 13th issue - results of offering

/IRBIS, August 18, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 13th 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 KZK2KY050138 KZK2KY050120 KASE trade code MOM060.013 MOM060.012 IRBIS registration number 13/60 12/60 Par value, KZT 1,000.00 1,000.00 Offering date (auction) Aug 18,03 July 21,03 Payment date Aug 19,03 July 22,03 Circulation start date Aug 20,03 July 23,03 Maturity date (planned/actual) Aug17,08/Aug18,08 July20,08/July21,08 Days in circulation 1825 days 1825 days Coupon payments dates (planned/actual) 1 Feb17,04/Feb17,04 Jan20,04/Jan20,04 2 Aug18,04/Aug18,04 July21,04/July21,04 3 Feb16,05/Feb16,05 Jan19,05/Jan19,05 4 Aug18, 05/Aug18,05 July21, 05/July21,05 5 Feb16,06/Feb16,06 Jan19,06/Jan19,06 6 Aug18,06/Aug18,06 July21,06/July21,06 7 Feb16,07/Feb16,07 Jan19,07/Jan19,07 8 Aug18,07/Aug20,07 July21,07/July23,07 9 Feb16,08/Feb18,08 Jan19,08/Jan21,08 10 Aug17,08/Aug18,08 July20,08/July21,08 Planned volume. KZT m 2,300,0 ( 0) Number of participants - Primary dealers 11 (- 2) Demand. KZT m 67,005,0 (+ 54,115,0) Maximum yield on demand, % APR 7,00 (- 4,00) Actual volume, KZT m 2 300,0 ( 0) Fixed rate, % APR 6,35 (- 0,33) -------------------------------------------------------------------------------- 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 dated August 11 of 2003 (МЕОКАМ-24, KZK2KY020677, coupon rate 5.80% APR) demand has risen by KZT59,416.4 m. (8.8 times), actual volume of satisfied bids has not changed. [2003-08-18]