MEOKAM-60 of Ministry of Finance of Kazakhstan of the 15th issue - results of offering

/IRBIS, October 9, 03/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 16th auction for MEOKAM-60 offering (1825 days). Size of satisfaction for noncompetitive bids 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 KZK2KY050161 KZK2KY050153 KASE trade code MOM060.016 MOM060.015 IRBIS registration number 16/60 15/60 Par value, KZT 1,000.00 1,000.00 Time Basis actual/365 actual/365 Issue date Oct 9,03 Oct 6,03 Payment date Oct 10,03 Oct 7,03 Circulation start date Oct 11,03 Oct 8,03 Maturity date (planned/actual) Oct 8,08/Oct 8,08 Oct 5,08/Oct 6,08 Days in circulation 1825 days 1825 days Coupon payments dates (planned/actual) 1 Apr 9,04/Apr 9,04 Apr 6,04/Apr 6,04 2 Oct 9,04/Oct 11,04 Oct 6,04/Oct 6,04 3 Apr 9,05/Apr 11,05 Apr 6,05/Apr 6,05 4 Oct 9,05/Oct 10,05 Oct 6,05/Oct 6,05 5 Apr 9,06/Apr 10,06 Apr 6,06/Apr 6,06 6 Oct 9,06/Oct 9,06 Oct 6,06/Oct 6,06 7 Apr 9,07/Apr 9,07 Apr 6,07/Apr 6,07 8 Oct 9,07/Oct 9,07 Oct 6,07/Oct 8,07 9 Apr 8,08/Apr 8,08 Apr 5,08/Apr 7,08 10 Oct 8,08/Oct 8,08 Oct 5,08/Oct 6,08 Planned volume. KZT m 4,000.0 (,0) Number of participants - Primary dealers 12 (-1) Demand. KZT m 14,270.0 (+5,220.0) Maximum yield on demand, % APR 15.00 (,0) Actual volume, KZT m 6,015.0 (+2,040.0) Fixed rate, % APR 6.10 (-0.30) 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 October 8, 2003, (МЕОКАМ-72, KZK2KY060046, coupon rate 6.39% APR) demand has risen by KZT2,407.0 m. (1.2 times), actual volume of satisfied bids - by KZT938.0 m. (1.2 times). [2003-10-09]