Ministry of Finance of Kazakhstan intends to offer MEOKAM-72 on September 24

/IRBIS, September 23, 03/ - The Ministry of Finance plans to hold auction on September 24 for floatation of МЕOКАМ-72. Following is the announced issue parameters: ----------------------------------------------------------- Type of the securities МЕОКАМ-72 KASE trade code MОM072.003 Par value, KZT 1,000.00 Date of auction Sep 24, 03 Payment day Sep 25, 03 Circulation start date Sep 26, 03 Maturity date (planned / actual) Sep 23, 09 Circulation term 2190 days (6 years) Coupons (planned and actual) 1 Mar 25, 04 / Mar 25, 04 2 Sep 24, 04 / Sep 24, 04 3 Mar 25, 05 / Mar 25, 05 4 Sep 24, 05 / Sep 26, 05 5 Mar 25, 06 / Mar 27, 06 6 Sep 24, 06 / Sep 25, 06 7 Mar 25, 07 / 26.03.07 8 Sep 24, 07 / Sep 24, 07 9 Mar 24, 08 / Mar 24, 08 10 Sep 23, 08 / Sep 23, 08 11 Mar 24, 09 / Mar 24, 09 12 Sep 23, 09 / Sep 23, 09 Authorized issue volume, KZT m 2,500.0 Limitation on non-competitive bids 30% Settlement basis actual/365 ----------------------------------------------------------- Previous two issues of МЕОКАМ-72, which the Ministry of finance held on October 1, 02 and October 9, 02, failed because of unsatisfactory price parameters of demand. Taking into consideration provided details IRBIS agency publishes adjusted schedule of floatation, maturity and servicing of GS of Kazakhstan for the next week. By the Ministry of Finance: - floatation, September 22 - KZT2,000.0 m., MEOKAM-60 #14 (payment - September 23, 03, circulation since September 24, 03, maturity - September 21, 08; coupon payments: March 23, 04, September 22, 04, March 23, 05, September 22, 05, March 23, 06, September 22, 06, March 23, 07, September 22, 07, March 22, 08, September 21, 08, non- competitive 30%; floatation took place; NIN KZK2KY050146); - maturity, September 22 - KZT51.8 m. (МЕОКАМ-24 #44, KZK2KY020446; settlement date coincides with September 21 - the rest day); - coupon payment, September 22 - KZT1.9 m. (МЕОКАМ-24 #44, KZK2KY020446; settlement date coincides with September 21 - the rest day); - floatation, September 24 - KZT2,500.0 m. (issuance's parameters are cited above); - coupons payment, September 25 - KZT120.7 m. (МЕОКАМ-36 #33, KZ53L2503A44; МЕОКАМ-36 #6, KZ53L2509A30); - maturity, September 25 - KZT810.0 m (МЕОКАМ-36 #6, KZ53L2509A30). By domestic executive body of Atyrau oblast: - coupons payment, September 25 - equivalent of USD764.3 th. in tenge at the official rate acting on September 24 (ARU060.003, KZE4KY050038; ARU024.002, KZE4KY020023); - maturity, September 25 - equivalent of USD12,727.6 th. in tenge at the official rate acting on September 24 (ARU024.002, KZE4KY020023); By the National Bank: - maturity, September 23 - KZT2,712.3 m. (notes-105 #818, KZW1KW158188); - floatation, September 24 - KZT1,000.0 m, notes-189#857 (payment - September 24, 03, circulation since September 24, 03, maturity - March 31, 04, uncompetitive bids 50%) - maturity, September 24 - KZT7,252.5 m. (notes-77 #832, KZW1KD778325); National Bank will announce about holding additional notes floatation later. Total actual volume of repaying and servicing of Kazakhstan GS for the period from September 22 to September 26 is estimated by IRBIS at rate of 148.05 per dollar which is KZT13,946.7 m (taking into consideration advanced repayment of the National Bank's notes on September 22 in amount of KZT1,000.0 m). [2003-09-23]