MEOKAM-60 of Ministry of Finance of Kazakhstan of the 23rd issue - results of offering

/IRBIS, February 16, 04/ - Today the Ministry of Finance and the National Bank of Kazakhstan held the 23rd auction for MEOKAM-60 offering (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 NSIN KZK2KY050237 KZK2KY050229 KASE trade code MOM060_0023 MOM060.022 IRBIS registration number 23/60 22/60 Par value, KZT 1,000.0 1,000 Time Basis Actual/365 actual/365 Issue date Feb16,04 Jan5,04 Payment date Feb17,04 Jan6,04 Circulation start date 18.02.04 Jan7,04 Maturity date (planned/actual) Feb15,09/Feb16,09 Jan4,09/Jan5,09 Days in circulation 1,825 1,825 Coupon payments dates (planned/actual) 1 Aug17,04/Aug17,04 Jul6,04/Jul6,04 2 Feb16,05/Feb16,05 Jan5,05/Jan5,05 3 Aug17,05/Aug17,05 Jul6,05/Jul6,05 4 Feb16,06/Feb16,06 Jan5,06/Jan5,06 5 Aug17,06/Aug17,06 Jul6,06/Jul6,06 6 Feb16,07/Feb16,07 Jan5,07/Jan5,07 7 Aug17,07/Aug17,07 Jul6,07/Jul6,07 8 Feb16,08/Feb18,08 Jan5,08/Jan07,08 9 Aug16,08/Aug18,08 Jul5,08/Jul07,08 10 Feb15,09/Feb16,09 Jan4,09/Jan5,09 Planned volume. KZT m 3,500.0 (+1,000.0) Number of participants - Primary dealers 10 (-1) Demand. KZT m 2,573.5 (+413.5) Maximum yield on demand, % APR 8.00 ( 0) Actual volume, KZT m 2,063.5 (+838.5) 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 February 9, 2004, KZK2KY040329, coupon rate of 6.00% APR) demand fell down by KZT1,056.3 m (in 1.4 times), actual volume of satisfied bids increased by KZT108.6 m (1.1 times). [2004-02-16]