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

/IRBIS, Elena Korpusenko, October 11, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the seventh 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 KZK2KY070078 KZK2KY070060 KASE trade code MOM084 _0007 MOM084 _0006 IRBIS registration number 7/84 6/84 Par value, KZT 1,000 1,000 Time basis actual/365 actual/365 Issue date Oct 11, 04 Apr19,04 Payment date Oct 12, 04 Apr20,04 Circulation start date Oct 13, 04 Apr21,04 Maturity date (planned/actual) Oct 11, 11 Apr19,11 Days in circulation 2,555 2,555 Coupon payments dates (planned/actual) 1 Apr 12,05/ Apr 12,05 Oct19,04/Oct19,04 2 Oct 12,05/Oct 12,05 Apr20,05/Apr20,05 3 Apr 12,06/ Apr 12,06 Oct19,05/Oct19,05 4 Oct 12,06/Oct 12,06 Apr20,06/Apr20,06 5 Apr 12,07/ Apr 12,07 Oct19,06/Oct19,06 6 Oct 12,07/Oct 12,07 Apr20,07/Apr20,07 7 Apr 11,08/ Apr 11,08 Oct19,07/Oct19,07 8 Oct 11,08/Oct 13,08 Apr19,08/Apr21,08 9 Apr 11,09/ Apr 13,09 Oct18,08/20.10.08 10 Oct 11,09/Oct 12,09 Apr19,09/Apr20,09 11 Apr 11,10/ Apr 12,10 Oct18,09/Oct19,09 12 Oct 11,10/Oct 11,10 Apr19,10/Apr19,10 13 Apr 11,11/ Apr 11,11 Oct18,10/Oct18,10 14 Oct 11,11/Oct 11,11 Apr19,11/Apr19,11 Planned volume. KZT m 5,000.0 (+1,200.0) Number of participants - Primary dealers 11 (+3) Demand. KZT m 13,935.5 (+10,858.1) Maximum yield on demand, % APR 17.00 (+9.70) Actual volume, KZT m 7,815.5 (+6,818.1) Fixed rate, % APR 5.70 (-0.40) ------------------------------------------------------------------------------- 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 September 28, 2004, (МЕОКАМ-72, KZK2KY060095, coupon rate 5.60% APR) demand fell by KZT 880.0 m (5.9%), actual volume of satisfied bids decreased by KZT 2,349.9 m. (23.1%). [2004-10-11]