Complete results of placing of MEKAVM-9 #1/9B

/IRBIS, Nov.23, 99/ - November 23 the Ministry of Finance of Kazakhstan together with the National Bank has conducted the seventeenth auction on placement of MEKAVM-9 (273 days). Announced volume of issue is determined by the emitter at 2 millions of US dollars. Satisfaction size of the incompetitive applications - 50% from the established volume. The complete data are given below. Type of securities MEKAVM-9 NSIN KZ49L2408A05 Trade code at KASE МВМ009.001 IRBIS' registration number 01/9B Nominal value, USD 100.00 Date of issue Nov.23, 99 Beginning of circulation Nov.25, 99 Date of redemption Aug.24, 00 Term of circulation 273 days Number of the Primary dealers 5 Demand, million USD 7,816 Yield on demand weighted average, % p.a. 10,90 Scheduled volume, million USD 2.0 Actual volume, million USD 5.943 The cutting off price, USD 93.22 The weighted average price, USD 93.22 Maximum yield, % p.a. 9.70 Weighted average yield., % p.a. 9.70 Weighted average yield., effective % p.a. 9.70 The yield is expressed in a currency form. According to the information of The Ministry of Finance, no applications were received from non-residents for the auction. As follows from the results, the first "long-nine" auction was successful. The emitter hopes now to place ever longer securities. The degree of demand monopolization will be estimated by IRBIS later. At the placement of MEKAVM-6 in the previous week a share of one buyer was about 44% of the total volume. It is a rather low parameter for the such obligations.