MEOKAM-84 of Ministry of Finance of Kazakhstan of the third issue - results of offering

/IRBIS, November 21, 03/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the third auction for MEOKAM-84 offering (2555 days, 7 years). Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the results of floatation and comparison with previous similar issue: -------------------------------------------------------------------------------- Type of securities МЕОКАМ-84 МЕОКАМ-84 NIN KZK2KY070029 KZK2KY070011 KASE trade code MOM084.002 MOM084.001 IRBIS registration number 2/84 1/84 Par value, KZT 100,0 100,0 Time basis actual/365 actual/365 Issue date Nov 21, 03 Oct 23, 03 Payment date Nov 21, 03 Oct 23, 03 Circulation start date Nov 22, 03 Oct 24, 03 Maturity date (planned/actual) Nov 19, 10 Oct 21, 10 Days in circulation 2,555 2,555 Coupon payments dates (planned/actual) 1 May 21, 04/May 21, 04 Apr 22, 04/Apr 22, 04 2 Nov 20, 04/Nov 22, 04 Oct 22, 04/Oct 22, 04 3 May 21, 05/May 23, 05 Apr 22, 05/Apr 22, 05 4 Nov 20, 05/Nov 21, 05 Oct 22, 05/Oct 24, 05 5 May 21, 06/May 22, 06 Apr 22, 06/Apr 24, 06 6 Nov 20, 06/Nov 20, 06 Oct 22, 06/Oct 23, 06 7 May 21, 07/May 21, 07 Apr 22, 07/Apr 23, 07 8 Nov 20, 07/Nov 20, 07 Oct 22, 07/Oct 22, 07 9 May 20, 08/May 20, 08 Apr 21, 08/Apr 21, 08 10 Nov 19, 08/Nov 19, 08 Oct 21, 08/Oct 21, 08 11 May 20, 09/May 20, 09 Apr 21, 09/Apr 21, 09 12 Nov 19, 09/Nov 19, 09 Oct 21, 09/Oct 21, 09 13 May 20, 10/May 20, 10 Apr 21, 10/Apr 21, 10 14 Nov 19, 10/Nov 19, 10 Oct 21, 10/Oct 21, 10 Planned volume. KZT m 4,100.0 (+2,100.0) Number of participants - Primary dealers 9 (-5) Demand. KZT m 11,203.0 (+3,419.8) Maximum yield on demand, % APR n/a n/a Actual volume, KZT m 4 298.0 (+1,554.8) 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 November 19 of 2003, (МЕОКАМ-60, KZK2KY050195, coupon rate 6.09% APR) demand increased by KZT4,003.0 m. (by 55.6%), actual volume of satisfied bids decreased by KZT1,302.0 m. (by 23.3%). [2003-11-21]