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

/IRBIS, December 9, 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 KZK2KY070037 KZK2KY070029 KASE trade code MOM084.003 MOM084.002 IRBIS registration number 3/84 2/84 Par value, KZT 100.0 100.0 Time basis actual/365 actual/365 Issue date Dec 9, 03 Nov 21, 03 Payment date Dec 10, 03 Nov 21, 03 Circulation start date Dec 11, 03 Nov 22, 03 Maturity date Dec 8, 10 / Dec 8, 10 Nov 19,10 (planned/actual) Days in circulation 2555 2555 Coupon payments Jun 6, 04/Jun 6, 04 May 21, 04/May 21, 04 dates (planned/actual) 1 2 Dec 12, 04/Dec 12, 04 Nov 20, 04/Nov 22, 04 3 Jun 6, 05/Jun 6, 05 May 21, 05/May 23, 05 4 Dec 12, 05/Dec 12, 05 Nov 20, 05/Nov 21, 05 5 Jun 6, 06/Jun 6, 06 May 21, 06/May 22, 06 6 Dec 12, 06/Dec 11, 06 Nov 20, 06/Nov 20, 06 7 Jun 6, 07/Jun 11, 07 May 21, 07/May 21, 07 8 Dec 12, 07/Dec 10, 07 Nov 20, 07/Nov 20, 07 9 Jun 8, 08/Jun 6, 08 May 20, 08/May 20, 08 10 Dec 8, 08/Dec 8, 08 Nov 19,08/Nov 19,08 11 Jun 8, 09/Jun 8, 09 May 20, 09/May 20, 09 12 Dec 8, 09/Dec 8, 09 Nov 19,09/Nov 19,09 13 Jun 8, 10/Jun 8, 10 May 20, 10/May 20, 10 14 Dec 8, 10/Dec 8, 10 Nov 19,10/Nov 19,10 Planned volume. KZT m 4,500.0 (+400.0) Number of participants - Primary dealers 10 (+1) Demand. KZT m 6,290.0 (-4,913.0) Maximum yield on demand, % APR 10.00 N/a Actual volume, KZT m 3,770.0 (-528.0) 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 December 8 of 2003, (МЕОКАМ-60, KZK2KY050203, coupon rate 6.09% APR) demand decreased by KZT746.0 m. (by 10.6%), actual volume of satisfied bids decreased by KZT626.0 m. (by 14.2%). [2003-12-09]