MEKKAM-12 of Ministry of Finance of Kazakhstan of the 82nd emission - results of offering

/IRBIS, July 21, 04/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 82nd auction for MEKKAM offering (365 days). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following is the issue structure, results of bonds offering and comparison with previous similar comparable issue: ------------------------------------------------------------------ Type of the securities МЕККАМ-12 MEKKAM-12 NIN KZK1KY010828 KZK1KY010810 KASE trade code MКM0012_082 MКM0012_081 IRBIS registration number 82/12 81/12 Par value, KZT 100.00 100.00 Day count convention actual/365 actual/365 Offering date (auction) July 21, 04 May 12, 04 Payment date July 22, 04 May 13, 04 Circulation start date July 23, 04 May 14, 04 Maturity date July 22, 04 May 13, 05 Days in circulation 365 365 Planned volume. KZT m 5,000.00 (+2,000.0) Number of participants - Primary dealers 13 (+2) Demand. KZT m 14,276.9 (+8,157.7) Yield on demand weighted average, % APR 4.79 (-0.33) Actual volume, KZT m 14,276.9 (+10,305.5) Cut-off price, KZT 95.00 (-0.17) Weighted average price, KZT 95.43 (+0.25) Max yield % APR 5.26 (+0.18) WA yield, % APR 4.79 (-0.28) WA effective yield, % APR 4.79 (-0.27) ------------------------------------------------------------------ According to information of the National Bank, there were no applications to the auction submitted by non-residents. Relative to previous successful offering of discount bonds by Finance Ministry (KZK1KM061790, MEKKAM-6#179 dated June 23, 04) demand rose by KZT 9,507.1 m (3.0 times), actual floating volume - by KZT 9,575.2 m (3.0 times), effective yield fell from 4.95% to the value indicated in the table. [2004-07-21]