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

/IRBIS, Sergey Yakovlev, April 19, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the fifth 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 MEOKAM-84 MEOKAM-84 NIN KZK2KY070060 KZK2KY070052 KASE trade code MOM084 _0006 MOM084 _0005 IRBIS registration number 6/84 5/84 Par value, KZT 1,000 1,000 Time basis actual/365 actual/365 Issue date Apr19,04 Mar29,04 Payment date Apr20,04 Mar30,04 Circulation start date Apr21,04 Mar31,04 Maturity date (planned/actual) Apr19,11 Mar29,11 Days in circulation 2,555 2,555 Coupon payments dates (planned/actual) 1 Oct19,04/Oct19,04 Sep28,04/Sep28,04 2 Apr20,05/Apr20,05 Mar30,05/Mar30,05 3 Oct19,05/Oct19,05 Sep28,05/Sep28,05 4 Apr20,06/Apr20,06 Mar30,06/Mar30,06 5 Oct19,06/Oct19,06 Sep28,06/Sep28,06 6 Apr20,07/Apr20,07 Mar30,07/Mar30,07 7 Oct19,07/Oct19,07 Sep28,07/Sep28,07 8 Apr19,08/Apr21,08 Mar29,08/Mar31,08 9 Oct18,08/20.10.08 Sep27,08/Sep29,08 10 Apr19,09/Apr20,09 Mar29,09/Mar30,09 11 Oct18,09/Oct19,09 Sep27,09/Sep28,09 12 Apr19,10/Apr19,10 Mar29,10/Mar29,10 13 Oct18,10/Oct18,10 Sep27,10/Sep27,10 14 Apr19,11/Apr19,11 Mar29,11/Mar29,11 Planned volume. KZT m 3,800.0 (+800.0) Number of participants - Primary dealers 8 (-1) Demand. KZT m 3,077.4 (+1,603.4) Maximum yield on demand, % APR 7.30 (+0.20) Actual volume, KZT m 997 (-75.6) Fixed rate, % APR 6.10 ( 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 April 5 of 2004, (МЕОКАМ-24, KZK2KY020693, coupon rate 5.80% APR) demand fell by KZT11,626.6 m. (4.8 times), actual volume of satisfied bids decreased by KZT12,406.6 m. (13.4 times). [2004-04-19]