MEOKAM-60 of Ministry of Finance of Kazakhstan of the 17th issue - results of offering

/IRBIS, October 28, 03/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 17th auction for MEOKAM-60 offering (1825 days, 5 years). 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 KZK2KY050179 KZK2KY050161 KASE trade code MOM060.017 MOM060.016 IRBIS registration number 17/60 16/60 Par value, KZT 1,000.00 1,000.00 Time Basis actual/365 actual/365 Issue date Oct 28, 03 Oct 9, 03 Payment date Oct 29, 03 Oct 10, 03 Circulation start date Oct 30, 03 Oct 11, 03 Maturity date (planned/actual) Oct 27, 08 Oct 8, 08 Days in circulation 1825 days 1825 days Coupon payments dates (planned/actual) 1 Apr28,04/Apr28,04 Apr9,04/Apr9,04 2 Oct28,04/Oct28,04 Oct9,04/Oct11,04 3 Apr28,05/Apr28,05 Apr9,05/Apr11,05 4 Oct28,05/Oct28,05 Oct9,05/Oct10,05 5 Apr28,06/Apr28,06 Apr9,06/Apr10,06 6 Oct28,06/Oct30,06 Oct9,06/Oct9,06 7 Apr28,07/Apr30,07 Apr9,07/Apr9,07 8 Oct28,07/Oct29,07 Oct9,07/Oct9,07 9 Apr27,08/Apr28,08 Apr8,08/Apr8,08 10 Oct27,08/Oct27,08 Oct8,08/Oct8,08 Planned volume. KZT m 2,000.0 (-2 000.0) Number of participants - Primary dealers 11 (-1) Demand. KZT m 5,721.5 (-8,548.5) Maximum yield on demand, % APR 50.00 (+35.00) Actual volume, KZT m 3,360.5 (-2,654.5) Fixed rate, % APR 6.10 ( 0) ----------------------------------------------------------------------------- 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 23, 2003, (МЕОКАМ-84, KZK2KY070011, coupon rate 6.10% APR) demand has decreased by KZT2,061.7 m. (1.4 times), actual volume of satisfied bids has increased by KZT617.3 m. (1.2 times). [2003-10-28]