MEOKAM-120 of Ministry of Finance of Kazakhstan of the 3rd issue - results of floatation

/IRBIS, November 27, 03/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the auction for MEOKAM-120 offering (3650 days) of the 3rd issue. Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the parameters of the issue. -------------------------------------------------------------------------------- Type of securities МЕОКАМ-120 МЕОКАМ-120 NSIN KZK2KY100032 KZK2KY100024 KASE trade code MOM120.003 MOM120.002 IRBIS registration number 3/120 2/120 Par value, KZT 1,000.00 1,000.00 Offering date (auction) Nov 27, 03 Sep 17, 03 Payment date Nov 28,03 18.09.03 Circulation start date Nov 29,03 Sep 19, 03 Maturity date (planned/actual) Nov 25, 13 / Nov 25, 13 Sep 15, 13 / Sep 16, 13 Days in circulation 3650 days (10 years) 3650 days (10 years) Coupon payments dates (planned/actual) 1 May 28, 04 / May 28, 04 Mar 18, .04 / Mar 18, .04 2 Nov 27, 04 / Nov 29,04 Sep 17, 04 / Sep 17, 04 3 May 28, 05 / May 05, 05 Mar 18, .05 / Mar 18, .05 4 Nov 27, 05 / Nov 28,05 Sep 17, 05 / Sep 19, 05 5 May 28, 06 / May 29, 06 Mar 18, .06 / Apr 20, 06 6 Nov 27, 06 / Nov 27, 06 Sep 17, 06 / Sep 18, 06 7 May 28, 07 / May 28, 07 Mar 18, .07 / Apr 19, 07 8 Nov 27, 07 / Nov 27, 07 Sep 17, 07 / Sep 17, 07 9 May 27, 08 / May 28, 08 Apr 17, 08 / Apr 17, 08 10 Nov 26, 08 / Nov 26, 08 Sep 16, 08 / Sep 16, 08 11 May 27, 09 / May 28, 09 Apr 17, 09 / Apr 17, 09 12 Nov 26, 09 / Nov 26, 09 Sep 16, 09 / Sep 16, 09 13 May 27, 10 / May 28, 10 Apr 17, 10 / Apr 17, 10 14 Nov 26, 10 / Nov 26, 10 Sep 16, 10 / Sep 16, 10 15 May 27, 11 / May 05, 11 Apr 17, 11 / Apr 17, 11 16 Nov 26, 11 / Nov 28,11 Sep 16, 11 / Sep 16, 11 17 May 26, 12 / May 28, 12 Apr 16,12 / Apr 16,12 18 Nov 25, 12 / Nov 26, 12 Sep 15, 12 / Sep 17, 12 19 May 26, 13 / May 27, 13 Apr 16,13 / Mar 18, .13 20 Nov 25, 13 / Nov 25, 13 Sep 15, 13 / Sep 16, 13 Planned volume. KZT m 4,100.0 (+ 2,100.0) Number of participants - Primary dealers 9 (+ 6) Demand. KZT m 4,360.0 (+ 1,944.2) Maximum yield on demand, % APR 50.00 (+ 39.01) Actual volume, KZT m 875.0 (- 390.6) Fixed rate, % APR 6.40 (- 0.08) -------------------------------------------------------------------------------- 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 21 of 2003 (МЕОКАМ-84, KZK2KY070029, coupon rate 6.10% APR) demand has dropped by KZT6,843.0 m. (2.6 times), actual volume of satisfied bids - by KZT3,423.0 mn. (5.0 times). [2003-11-27]