MEOKAM-108 of Ministry of Finance of Kazakhstan of the first issue - results of offering

/IRBIS, October 13, 03/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the first auction for MEOKAM-108 offering (3285 days, 9 years). Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the results of primary floatation: ---------------------------------------------------------------- Type of securities МЕОКАМ-108 NSIN KZK2KY090019 KASE trade code MOM108.001 IRBIS registration number 1/108 Par value, KZT 1,000.00 Time Basis actual/365 Issue date Oct 13, 03 Payment date Oct 14, 03 Circulation start date Oct 15, 03 Maturity date (planned/actual) Oct 11, 12 Days in circulation 3285 days Coupon payments dates (planned/actual) 1 Apr 13, 04 / Apr 13, 04 2 Oct 13, 04 / Oct 13, 04 3 Apr 13, 05 / Apr 13, 05 4 Oct 13, 05 / Oct 13, 05 5 Apr 13, 06 / Apr 13, 06 6 Oct 13, 06 / Oct 13, 06 7 Apr 13, 07 / Apr 13, 07 8 Oct 13, 07 / Oct 15, 07 9 Apr 12, 08 / Apr 14, 08 10 Oct 12, 08 / Oct 13, 08 11 Apr 12, 09 / Apr 13, 09 12 Oct 12, 09 / Oct 12, 09 13 Apr 12, 10 / Apr 12, 10 14 Oct 12, 10 / Oct 12, 10 15 Apr 12, 11 / Apr 12, 11 16 Oct 12, 11 / Oct 12, 11 17 Apr 11, 12 / Apr 11, 12 18 Oct 11, 12 / Oct 11, 12 Planned volume. KZT m 900.0 Number of participants - Primary dealers 7 Demand. KZT m 1,850.0 Maximum yield on demand, % APR 30.00 Actual volume, KZT m 217.0 Fixed rate, % APR 6.20 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 9, 2003, (МЕОКАМ-60, KZK2KY050161, coupon rate 6.10% APR) demand has dropped by KZT1,242.0 m. (7.7 times), actual volume of satisfied bids - by KZT5,798.0 m. (27.7 times). [2003-10-13]