MEOKAM-48 of Ministry of Finance of Kazakhstan of the 33rd issue - results of offering

/IRBIS, Sergey Yakovlev, March 1, 04/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 33rd auction for MEOKAM-48 offering (1460 days, 4 years). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following is the issue structure: ------------------------------------------------------------------------------ Type of the securities MEOKAM-48 MEOKAM-48 NSIN KZK2KY040337 KZK2KY040329 KASE trade code MOM048_0033 MOM048.032 IRBIS registration number 33/48 32/48 Par value, KZT 1,000.0 1,000.0 Time basis Actual/365 actual/365 Offering date (auction) Mar1, 04 Feb 9, 04 Payment date Mar2, 04 Feb 10, 04 Circulation start date Mar3, 04 Feb 11, 04 Maturity date (planned / actual) Mar1, 08 / Mar3, 08 Feb 9, 08 / Feb 11, 08 Days in circulation 1,460 1,460 days Coupon payments dates Aug31, 04 / Aug31, 04 Aug 10, 04 / Aug 10, 04 (planned / actual) 1 2 Mar2, 05 / Mar2, 05 Feb 9, 05 / Feb 9, 05 3 Aug31, 05 / Aug31, 05 Aug 10, 05/Aug 10, 05 4 Mar2, 06 / Mar2, 06 Feb 9, 06 / Feb 9, 06 5 Aug31, 06 / Aug31, 06 Aug 10, 06/Aug 10, 06 6 Mar2, 07 / Mar2, 07 Feb 9, 07 / Feb 9, 07 7 Aug31, 07 / Aug31, 07 Aug 10, 07/Aug 10, 07 8 Mar1, 08 / Mar3, 08 Feb 9, 08 / Feb 11, 08 Planned volume. KZT m 3,500.0 (+500.0) Number of participants - Primary 14 (+4) dealers Demand. KZT m 2 354.7 (-1,275.1) Maximum yield on demand, % APR 8.00 (-1.00) Actual volume, KZT m 1,994.6 (+39.7) Fixed rate, % APR 6.00 (0) ------------------------------------------------------------------------------ According to information of the Ministry of finance, there were no applications for the auction submitted by non-residents. Relative to previous successful floatation of MEOKAM (MEOKAM-120, dated February 23, 2004, KZK2KY100040, coupon rate 6.40% APR) demand fell by KZT1,254.3 m (1.5 times), actual floatation volume rose by KZT961.6 m (1.9 times). [2004-03-01]