MEOKAM-60 of Ministry of Finance of Kazakhstan of the 14th issue - results of offering

/IRBIS, September 22, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 14th 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 KZK2KY050146 KZK2KY050138 KASE trade code MOM060.014 MOM060.013 IRBIS registration number 14/60 13/60 Par value, KZT 1,000.00 1,000.00 Offering date (auction) Sep 22,03 Aug 18,03 Payment date Sep 23,03 Aug 19,03 Circulation start date Sep 24,03 Aug 20,03 Maturity date (planned/actual) Sep21,08/Sep22,08 Aug17,08/Aug18,08 Days in circulation 1825 days 1825 days Coupon payments dates (planned/actual) 1 Mar23,04/Mar23,04 Feb17,04/Feb17,04 2 Sep22,04/Sep22,04 Aug18,04/Aug18,04 3 Mar23,05/Mar23,05 Feb16,05/Feb16,05 4 Sep22, 05/Sep22,05 Aug18, 05/Aug18,05 5 Mar23,06/Mar23,06 Feb16,06/Feb16,06 6 Sep22,06/Sep22,06 Aug18,06/Aug18,06 7 Mar23,07/Mar23,07 Feb16,07/Feb16,07 8 Sep22,07/Sep24,07 Aug18,07/Aug20,07 9 Mar22,08/Mar24,08 Feb16,08/Feb18,08 10 Sep21,08/Sep22,08 Aug17,08/Aug18,08 Planned volume. KZT m 2,000.0 ( 300.0) Number of participants - Primary dealers 10 (- 1) Demand. KZT m 3,121.0 (- 63,884.0) Maximum yield on demand, % APR 15.00 (+ 8.00) Actual volume, KZT m 1,970.0 (- 330.0) Fixed rate, % APR 6.20 (- 0.15) ------------------------------------------------------------------------------ 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 17 of 2003 (МЕОКАМ-120, KZK2KY100024, coupon rate 6.48% APR) demand has risen by KZT705.2 m. (1.3 times), actual volume of satisfied bids - by KZT704.4 m. (1.6 times). Some demand for МЕОКАМ, which was present during several offerings already, is explained by actions of two factors: very low yield of bonds and free tenge deficit of banks. [2003-09-22]