Complete results of placing of MEKAVM-6 #20/6B

02.11.99 00:00
/IRBIS, Nov.03, 99/ - November 02 the Ministry of Finance of Kazakhstan together with the National Bank has conducted the 20th auction for MEKAVM-6 (182 days) placement. Announced volume of issue is determined by the emitter at 3 millions of US dollars. Volume of incompetitive applications satisfaction is 50% from the established volume. An auction was held with additional placement conducted during the day. The complete data and comparison with the previous comparable issue are given below. Type of securities MEKAVM-6 MEKAVM-6 NSIN KZ46L0405A05 KZ46L2704A09 Trade code at KASE МВМ006.020 МВМ006.019 IRBIS' registration number 20/6B 19/6B Nominal value, USD 100.00 100.00 Date of issue Nov.02.99 Oct.26.99 Beginning of the circulation Nov.04.99 Oct.28.99 Date of redemption May.04.99 Apr.27.99 Term of the circulation 182 days 182 days Number of the Primary dealers 9 (0) Demand, million USD 6.4 (+ 0.411) Yield on demand weighted av., % p.a. 9.86 (- 0.04) Scheduled volume, million USD 3.0 (0) Actual volume, million USD 5.6 (- 0.103) The cutting off price, USD 95.67 ( 0) The weighted average price, USD 95.67 ( 0) Maximum yield, % p.a. 9.05 ( 0) Weighted average yield., % p.a. 9.05 ( 0) Weighted average yield., effective % p.a. 9.36 ( 0) The yield is expressed in a hard currency form. According to the information of The Ministry of Finance, no applications were received from non-residents for the auction. There is nothing beyond what we already know about this segment of the State Securities primary market. Tactics of the emitter remains constant, as well as offered yield of securities. In view of impossibility of pressure on the emitter the investors accept its "rules of game". In opinion of the IRBIS experts the situation will be hardly changed in the next week. The Ministry of Finance has ended the 45th week with the following results. At a actual volume of redemption of 1,776,2 million tenges (803.0 million tenges + $4.5 million at the official rate of 140.60 tenge + 18.5 million tenges of the coupon #4/24, KZ52K0411996 payment on November 04 + 23.4 million tenge of the coupon #2/3I, KZ31L2910995 payment on November 05) the emitter has attracted through two auctions 940.1 million tenges (150.0 million tenges + $5.619 million at the official rate on Nov.02, 99). The week balance of the Ministry of Finance of Kazakhstan under the internal debt is evaluated on one week in a minus 836,1 millions of a tenge.