MEOKAM-120 of Ministry of Finance of Kazakhstan of the 1st issue - results of floatation

/IRBIS, September 10, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 1st auction for MEOKAM-120 offering (3650 days). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following is the issue structure, results of bonds offering ---------------------------------------------------------------- Type of securities МЕОКАМ-120 NSIN KZK2KY100016 KASE trade code MOM120.001 IRBIS registration number 1/120 Par value, KZT 1,000.00 Offering date (auction) Sep 10, 03 Payment date Sep 11, 03 Circulation start date Sep 12, 03 Maturity date (planned/actual) Sep 9, 13 /Sep 9, 08 Days in circulation 3,650 day (10 years) Coupon payments dates (planned/actual) 1 Mar 11,04 / Mar 11,04 2 Sep 10,04 / Sep 10,04 3 Mar 11, 05 / Mar 11,05 4 Sep 10,05 / Sep 12,05 5 Mar 11,06 / Mar 13, 06 6 Sep 10,06 / Sep 11,06 7 Mar 11,07 / Mar 12,07 8 Sep 10,07 / Sep 10,07 9 Mar 10,08 / Mar 10,08 10 Sep 9,08 / Sep 9,08 11 Mar 10,09 / Mar 10,09 12 Sep 9,09 / Sep 9,09 13 Mar 10,10 / Mar 10,10 14 Sep 9,10 / Sep 9,10 15 Mar 10,11 / Mar 10, 11 16 Sep 9,11 / Sep 9,11 17 Mar 9,12 / Mar 9,12 18 Sep 8,12 / Sep 10,12 19 Mar 9,13 / Mar 11, 13 20 Sep 8,13 / Sep 9,13 Planned volume. KZT m 1,000.0 Number of participants - Primary dealers 14 Demand. KZT m 9,845.6 Maximum yield on demand, % APR 20.00 Actual volume, KZT m 1,000.0 Fixed rate, % APR 6.44 ---------------------------------------------------------------- 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 18 of 2003 (МЕОКАМ-60, KZK2KY050138, coupon rate 6.35% APR) demand has dropped by KZT57,159.4 m. (6.8 times), actual volume of satisfied bids has changed by KZT1,300.0 mn. (2.3 times). [2003-09-10]