MEOKAM-60 of Ministry of Finance of Kazakhstan of the 24th issue - results of offering

/IRBIS, Sergey Yakovlev, March 10, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the auction for floatation of MEOKAM- 60 of the 24th issue (1825 days, 5 years). Size of satisfaction for noncompetitive bids is 30% of specified amount. Following is the issue structure, results of bonds offering and comparison with previous similar issue: ----------------------------------------------------------------------------- Type of securities MEOKAM-60 MEOKAM-60 NIN KZK2KY050245 KZK2KY050237 KASE trade code MOM060_0024 MOM060_0023 IRBIS registration number 24/60 23/60 Par value, KZT 1,000.0 1,000 Time basis actual/365 actual/365 Issue date Mar 10, 04 Feb16, 04 Payment date Mar 11, 04 Feb17, 04 Circulation start date Mar 12, 04 Feb 18, 04 Maturity date (planned/actual) Mar 10, 09/ Mar 10, 09 Feb 15, 09/Feb 16, 09 Days in circulation 1,825 1,825 Coupon payments dates (planned/actual) 1 Sep 9, 04/Sep 9, 04 Aug 17, 04/Aug 17, 04 2 Mar 11, 05/Mar 11, 05 Feb 16, 05/Feb 16, 05 3 Sep 9, 05/Sep 9, 05 Aug 17, 05/Aug 17, 05 4 Mar 11, 06/Mar 13, 06 Feb 16, 06/Feb 16, 06 5 Sep 9, 06/ Sep 11, 06 Aug 17, 06/Aug 17, 06 6 Mar 11, 07/Mar 12, 07 Feb 16, 07/Feb 16, 07 7 Sep 9, 07/ Sep 10, 07 Aug 17, 07/Aug 17, 07 8 Mar 10, 08/Mar 10, 08 Feb 16, 08/Feb 18, 08 9 Sep 8, 08/Sep 8, 08 Aug 16, 08/Aug 18, 08 10 Mar 10, 09/Mar 10, 09 Feb 15, 09/Feb 16, 09 Planned volume. KZT m 3,000.0 (-500.0) Number of participants - Primary dealers 11 (+1) Demand. KZT m 3,864.3 (+1,290.9) Maximum yield on demand, % APR 8.00 ( 0) Actual volume, KZT m 2,744.3 (+680.9) Fixed rate, % APR 6.09 ( 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 MEOKAM (MEOKAM-48 dated March 1, 2004, KZK2KY040337, coupon rate is 6.00% APR) demand rose down by KZT1,509.6 m (1.6 times), actual volume of satisfied bids - by KZT749.7 m (1.4 times). [2004-03-10]