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

/IRBIS, Sergey Yakovlev, January 20, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the fourth 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 KZK2KY070045 KZK2KY070037 KASE trade code MOM084.004 MOM084.003 IRBIS registration number 4/84 3/84 Par value, KZT 1,000.0 100.0 Time basis actual/365 actual/365 Issue date Jan 20, 04 Dec 9, 03 Payment date Jan 21, 04 Dec 10, 03 Circulation start date Jan 22, 04 Dec 11, 03 Maturity date (planned/actual) Jan 19, 11 Dec 8,10/Dec8,10 Days in circulation 2 555 2555 Coupon payments dates (planned/actual) 1 Jul21,04/Jul21,04 Jun06,04/Jun06,04 2 Jan20,05/Jan20,05 Dec12,04/Dec12,04 3 Jul21,05/Jul21,05 Jun06,05/Jun06,05 4 Jan20,06/Jan20,06 Dec12,05/Dec12,05 5 Jul21,06/Jul21,06 Jun06,06/Jun06,06 6 Jan20,07/Jan22,07 Dec12,06/Dec11,06 7 Jul21,07/Jul23,07 Jun06,07/Jun11,07 8 Jan20,08/Jan21,08 Dec12,07/Dec10,07 9 Jul20,08/Jul21,08 Jun08,08/Jun06,08 10 Jan19,09/Jan19,09 Dec08,08/Dec08,08 11 Jul20,09/Jul20,09 Jun08,09/Jun08,09 12 Jan19,10/Jan19,10 Dec08,09/Dec08,09 13 Jul20,10/Jul20,10 Jun08,10/Jun08,10 14 Jan19,11/Jan19,11 Dec08,10/Dec08,10 Planned volume. KZT m 3,000.0 4,500.0 Number of participants - Primary dealers 10 10 Demand. KZT m 2,539.8 6,290.0 Maximum yield on demand, % APR 9.50 10.00 Actual volume, KZT m 1,259.8 3,770.0 Fixed rate, % APR 6.10 6.10 -------------------------------------------------------------------------------- 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 January 12 of 2004, (МЕОКАМ-72, KZK2KY060061, coupon rate 6.10% APR) demand decreased by KZT1,900.2 m. (1.7 times), actual volume of satisfied bids decreased by KZT1,630.2 m. (2.3 times). [2004-01-20]