MEOKAM-36 of Ministry of Finance of Kazakhstan of the issue 60 - results of floatation

/IRBIS, September 15, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 60th auction for MEOKAM-36 offering (1095 days). Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the parameters of the issue, results of auction and comparison with previous successful floatation. --------------------------------------------------------------------- Type of securities МЕОКАМ-36 МЕОКАМ-36 NSIN KZK2KY030601 KZK2KY030593 KASE trade code MOM036.060 MOM036.059 IRBIS registration number 60/36 59/36 Par value, KZT 1,000.00 1,000.00 Offering date (auction) Sep 15, 03 Aug 4, 03 Payment date Sep 16, 03 Aug 5, 03 Circulation start date Sep 17, 03 Aug 6, 03 Maturity date (planned/actual) Sep 15, 06 Aug 4, 06 Days in circulation 1095 days 1095 days Coupon payments dates (planned/actual) 11 Mar 16, 04 Feb 3, 04 22 Sep 15, 04 Aug 4, 04 33 Mar 16, 05 Feb 2, 05 44 Sep 15, 05 Aug 4, 05 55 Mar 16, 06 Feb 2, 06 66 Sep 15, 06 Aug 4, 06 Planned volume. KZT m 2,000.0 (-300) Number of participants - Primary dealers 15 (-1) Demand. KZT m 5,484.0 (-4,624.0) Maximum yield on demand, % APR 15.00 (+8.00) Actual volume, KZT m 4,410.0 (+2,110.0) Fixed rate, % APR 5.68 (-0.32) --------------------------------------------------------------------- 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 September 10 of 2003 (МЕОКАМ-120 #1, KZK2KY100016, coupon rate 6.44% APR) demand has dropped by KZT4,361.2 m. (1.8 times), actual volume of satisfied bids has increased by KZT3,410.0 mn. (0.2 times). [2003-09-15]