Complete results of placement of MEIKAM-3 #5/31

/IRBIS, Oct.28, 99/ - On October 28 the Ministry of Finance of Kazakhstan and the National Bank have conducted the 5th auction for MEIKAM-3, inflation indexed bonds placement (KZ31L3101A03, 91 days). The emitter determines announced volume of issue at 300 million tenges. Satisfaction size of the incompetitive applications - 50% from the established volume. The complete data and comparison with the previous comparable issue are given below. Type of securities МЕIКАМ-3 МЕIКАМ-3 NSIN KZ31L3101A03 KZ31L3011991 Trade code at KASE MIM003.005 MIM003.003 IRBIS' registration number 5/3i 3/3i Nominal value, tenges 1,000.00 1,000.00 Date of issue Oct.28, 99 Aug.27, 99 Beginning of the circulation Nov.02, 99 Sep.01, 99 Date of redemption Jan.31, 00 Nov.25, 99 Maturity 91 days 91 days Date of payment Feb.07, 00 Dec.07, 00 Number of the Primary dealers 4 (+ 2) Demand, million tenges 120,0 (- 190,0) Maximum fixed demand rate, % p.a. 43,00 (+ 8,00) Actual volume, million tenges 100,0 (- 200,0) Established fixed rate, % p.a. 9,75 ( 0) Effective fixed rate, % p.a. 0,11 ( 0) This placement once again confirmed absence of the private interest investors to these securities. The МЕIКАМ demand falls, and the emitter can not increase the yield even despite of big negative balance - 3,712.8 million tenges by the week results.