MEOKAM-120 of Ministry of Finance of Kazakhstan of the 4th issue - results of floatation

/IRBIS, February 23, 04/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the auction for MEOKAM-120 offering (3650 days) of the 4th issue. Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the parameters of the issue. ------------------------------------------------------------------------------ Type of securities MEOKAM-120 MEOKAM-120 NSIN KZK2KY100040 KZK2KY100032 KASE trade code MOM120_0004 MOM120.003 IRBIS registration number 4/120 3/120 Par value, KZT 1 000,0 1,000.00 Time basis actual/365 Actual/365 Offering date (auction) 23.02.04 Nov 27, 03 Payment date 24.02.04 Nov 28,03 Circulation start date 25.02.04 Nov 29,03 Maturity date (planned/actual) 21.02.14 Nov 25, 13 / Nov 25, 13 Days in circulation 3650 3650 days (10 years) Coupon payments dates (planned/actual) 1 Aug24, 04 / Aug24, 04 May 28, 04 / May 28, 04 2 Feb23, 05 / Feb23, 05 Nov 27, 04 / Nov 29,04 3 Aug24, 05 / Aug24, 05 May 28, 05 / May 05, 05 4 Feb23, 06 / Feb23, 06 Nov 27, 05 / Nov 28,05 5 Aug24, 06 / Aug24, 06 May 28, 06 / May 29, 06 6 Feb23, 07 / Feb23, 07 Nov 27, 06 / Nov 27, 06 7 Aug24, 07 / Aug24, 07 May 28, 07 / May 28, 07 8 Feb23, 08 / Feb25, 08 Nov 27, 07 / Nov 27, 07 9 Aug23, 08 / Aug25, 08 May 27, 08 / May 28, 08 10 Feb22, 09 / Feb23, 09 Nov 26, 08 / Nov 26, 08 11 Aug23, 09 / Aug24, 09 May 27, 09 / May 28, 09 12 Feb22, 10 / Feb22, 10 Nov 26, 09 / Nov 26, 09 13 Aug23, 10 / Aug23, 10 May 27, 10 / May 28, 10 14 Feb22, 11 / Feb22, 11 Nov 26, 10 / Nov 26, 10 15 Aug23, 11 / Aug23, 11 May 27, 11 / May 05, 11 16 Feb22, 12 / Feb22, 12 Nov 26, 11 / Nov 28,11 17 Aug22, 12 / Aug22, 12 May 26, 12 / May 28, 12 18 Feb 21, 13 / Feb 21, 13 Nov 25, 12 / Nov 26, 12 19 Aug22, 13 / Aug22, 13 May 26, 13 / May 27, 13 20 Feb 21, 14 / Feb 21, 14 Nov 25, 13 / Nov 25, 13 Planned volume. KZT m 3,000.0 (-1,100.0) Number of participants - Primary dealers 10 (+1) Demand. KZT m 3,609.0 (-751.0) Maximum yield on demand, % APR 15.00 (-35.00) Actual volume, KZT m 1,033.0 (+158.0) Fixed rate, % APR 6.40 (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 February 16 of 2004 (МЕОКАМ-60, KZK2KY050237, coupon rate 6.09% APR) demand grew up by KZT1,035.5 m. (1.4 times), actual volume of satisfied bids fell by KZT1,030.5 mn. (2.0 times). [2004-02-23]