Complete results of MEKAVM-6 #25/6B offering

/IRBIS, Dec.06, 99/ - On December 06 the Ministry of finance of Kazakhstan with the National Bank held the 25th auction for offering MEKAVM-6 (182 days). Announced volume of the issue is determined by the emitter at $3 mln. Size of satisfaction of noncompetitive applications is 50% of specified amount. Following is the complete offering data and comparison with previous tranche: Type of the securities МЕККАМ-6 МЕККАМ-6 NSIN KZ46L0806A00 KZ46L3005A03 KASE trade code МВМ006.025 МВМ006.024 IRBIS registration number 25/6B 24/6B Par value, tenge 100.00 100.00 Issuance date Dec. 06, 1999 Nov. 29, 1999 Circulation start date Dec. 09, 1999 Dec. 01, 1999 Maturity date June 08, 2000 May 30, 2000 Days in circulation 182 182 Number of Primary dealers 6 (- 1) Demand, mln USD 3.3 (- 2.2) Weighted average yield ondemand, % APR 10.42 (+ 0.20) Planned volume, mln USD 3.0 ( 0) Actual volume, mln tenge 2.6 (- 2.6) Cut-off price, % of par value 95.35 ( 0) Weighted average price,% of par value 95.35 ( 0) Maximum yield, % APR 9.75 ( 0) Weighted average yield, % APR 9.75 ( 0) Effective weighted average yield,% APR 9.99 ( 0) Yield is shown in currency terms. The Ministry of finance says no applications were submitted by non- residents. In IRBIS specialists' opinion, new week did not bring any principal changes to the sector. Fluctuations in the parameters of the demand looks like working variances, and can be explained by a change in effective solvency and short term liquidity of the investors than by some trend in their behaviors.