MEOKAM-96 of Ministry of Finance of Kazakhstan of the first issue - results of offering

/IRBIS, October 16, 03/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the first auction for MEOKAM-96 offering (2920 days, 8 years). Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the results of primary floatation: ---------------------------------------------------------------- Type of securities МЕОКАМ-96 NSIN KZK2KY080010 KASE trade code MOM096.001 IRBIS registration number 1/96 Par value, KZT 1,000.0 Time Basis actual/365 Issue date Oct 16, 03 Payment date Oct 17, 03 Circulation start date Oct 18, 03 Maturity date (planned/actual) Oct 15, 11 / Oct 17, 11 Days in circulation 2920 Coupon payments dates (planned/actual) 1 Apr 16, 04 / Apr 16, 04 2 Oct 16, 04 / Oct 18, 04 3 Apr 16, 05 / Apr 18, 05 4 Oct 16, 05 / Oct 17, 05 5 Apr 16, 06 / Apr 17, 06 6 Oct 16, 06 / Oct 16, 06 7 Apr 16, 07 / Apr 16, 07 8 Oct 16, 07 / Oct 16, 07 9 Apr 15, 08 / Apr 15, 08 10 Oct 15, 08 / Oct 15, 08 11 Apr 15, 09 / Apr 15, 09 12 Oct 15, 09 / Oct 15, 09 13 Apr 15, 10 / Apr 15, 10 14 Oct 15, 10 / Oct 15, 10 15 Apr 15, 11 / Apr 15, 11 16 Oct 15, 11 / Oct 17, 11 Planned volume. KZT m 900.0 Number of participants - Primary dealers 9 Demand. KZT m 2,562.0 Maximum yield on demand, % APR 15.00 Actual volume, KZT m 562.0 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 13, 2003, (МЕОКАМ-108, KZK2KY090019, coupon rate 6.20% APR) demand has risen by KZT712.0 m. (1.4 times), actual volume of satisfied bids - by KZT345.0 m. (2.6 times). [2003-10-16]