Complete results of placement of MEKKAM-3 #255

/IRBIS, Dec.15, 99/ - On December 15 the Ministry of Finance of Kazakhstan and the National Bank have conducted the 255-th auction for placement of MEKKAM-3 (91 days). The emitter determines announced volume of issue at 500 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 МЕККАМ-3 МЕККАМ-3 NSIN KZ43L1403A08 KZ43L1003A02 Trade code at KASE MKM003.255 MKM003.254 IRBIS' registration number 255/3 254/3 Nominal value, USD 100.00 100.00 Date of issue Dec.15, 1999 Dec.09, 1999 Beginning of the circulation Dec 15, 1999 Dec 10, 1999 Date of redemption Mar.14, 2000 Mar.10, 2000 Maturity 91 days 91 days Number of the Primary dealers 8 (- 3) Demand, million USD 329.9 (- 1,977.3) Yield on demand weig. av., % p.a. 15.89 ( 0) Scheduled volume, million USD 500.0 ( 0) Actual volume, million USD 190.3 (- 756.9) The cutting off price, USD 96.23 (- 0.01) The weighted average price, USD 96.24 ( 0) Maximum yield, % p.a. 15.67 (+ 0.04) Weighted average yield, % p.a. 15.63 ( 0) Weighted average yield, eff. % p.a. 16.62 ( 0) According to the information of The Ministry of Finance, no applications were received from non-residents for the auction.