MEOKAM-60 of Ministry of Finance of Kazakhstan of the 25th issue - offering results

/IRBIS, Sergey Yakovlev, September 13, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the auction for floatation of MEOKAM-60 of the 25th 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 KZK2KY050245 KASE trade code MOM060_0024 MOM060_0024 IRBIS registration number 24/60 24/60 Par value, KZT 1,000.0 1,000.0 Time basis actual/365 actual/365 Issue date Sep 13, 04 Mar 10, 04 Payment date Sep 14, 04 Mar 11, 04 Circulation start date Sep 15, 04 Mar 12, 04 Maturity date (planned/actual) Sep 13, 09/ Sep 14, 09 Mar 10, 09/ Mar 10, 09 Days in circulation 1,825 1,825 Coupon payments dates (planned/actual) 1 Mar 15, 05/Mar 15, 05 Sep 9, 04/Sep 9, 04 2 Sep 14, 05/Sep 14, 05 Mar 11, 05/Mar 11, 05 3 Mar 15, 06/Mar 15, 06 Sep 9, 05/Sep 9, 05 4 Sep 14, 06/Sep 14, 06 Mar 11, 06/Mar 13, 06 5 Mar 15, 07/Mar 15, 07 Sep 9, 06/ Sep 11, 06 6 Sep 14, 07/Sep 14, 07 Mar 11, 07/Mar 12, 07 7 Mar 14, 08/Mar 14, 08 Sep 9, 07/ Sep 10, 07 8 Sep 13, 08/Sep 15, 08 Mar 10, 08/Mar 10, 08 9 Mar 14, 09/Mar 16, 09 Sep 8, 08/Sep 8, 08 10 Sep 13, 09/Sep 14, 09 Mar 10, 09/Mar 10, 09 Planned volume. KZT m 4,000.0 (+1,000.0) Number of participants - Primary dealers 16 (+5) Demand. KZT m 12,707.3 (+8,842.9) Maximum yield on demand, % APR 6.09 (-1.91) Actual volume, KZT m 10,254.3 (+7,509.9) Fixed rate, % APR 5.50 (-0.59) ------------------------------------------------------------------------------ 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-72 dated August 18, 2004, KZK2KY060087, coupon rate is 5.80% APR) demand fell down by KZT 2,702.7 m (17.5%), actual volume of satisfied bids - by KZT 1,129.3 m (12.4%). [2004-09-13]