MEOKAM-96 of Ministry of Finance of Kazakhstan of the first issue - results of offering

/IRBIS, Sergey Yakovlev, January 26, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the first auction for MEOKAM-96 offering (2920 days, 8 years). Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the results of primary floatation: ------------------------------------------------------------------------------ Type of securities МЕОКАМ-96 МЕОКАМ-96 NSIN KZK2KY080028 KZK2KY080010 KASE trade code MOM096.002 MOM096.001 IRBIS registration number 2/96 1/96 Par value, KZT 1,000.0 1,000.0 Time Basis actual/365 actual/365 Issue date Jan26,04 Oct16,03 Payment date Jan27,04 Oct17,03 Circulation start date Jan28,04 Oct18,03 Maturity date (planned/actual) Jan25,12/Jan25,12 Oct15,11/Oct17,11 Days in circulation 2,920 2,920 Coupon payments dates (planned/actual) 1 Jul27,04/Jul27,04 Apr16,04/Apr16,04 2 Jan26,05/Jan26,05 Oct16,04/Oct18,04 3 Jul27,05/Jul27,05 Apr16,05/Apr18,05 4 Jan26,06/Jan26,06 Oct16,05/Oct17,05 5 Jul27,06/Jul27,06 Apr16,06/Apr17,06 6 Jan26,07/Jan26,07 Oct16,06/Oct16,06 7 Jul27,07/Jul27,07 Apr16,07/Apr16,07 8 Jan26,08/Jan28,08 Oct16,07/Oct16,07 9 Jul26,08/Jul28,08 Apr15,08/Apr15,08 10 Jan25,09/Jan26,09 Oct15,08/Oct15,08 11 Jul26,09/Jul27,09 Apr15,09/Apr15,09 12 Jan25,10/Jan25,10 Oct15,09/Oct15,09 13 Jul26,10/Jul26,10 Apr15,10/Apr15,10 14 Jan25,11/Jan25,11 Oct15,10/Oct15,10 15 Jul26,11/Jul26,11 Apr15,11/Apr15,11 16 Jan25,12/Jan25,12 Oct15,11/Oct17,11 Planned volume. KZT m 3,500.0 (+2,600.0) Number of participants - Primary dealers 12 (+3) Demand. KZT m 3,017.0 (+455.0) Maximum yield on demand, % APR 11.00 (-4.00) Actual volume, KZT m 2,272.0 (+1,710.0) Fixed rate, % APR 6.10 (-0.10) 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 20, 2004, (МЕОКАМ-84, KZK2KY070045, coupon rate 6.10% APR) demand has risen by KZT477.2 m. (1.2 times), actual volume of satisfied bids - by KZT1,012.2 m. (1.8 times). [2004-01-26]