Complete results of MEKKAM-12 #32 offering

/IRBIS, Feb.23, 00/ - On February 22 the Ministry of finance of Kazakhstan with the National Bank held the 32nd auction for offering MEKKAM-12 (364 days). Announced volume of the issue is determined by the emitter at KZT500 mln. Size of satisfaction of incompetitive bids is 50% of specified amount. Following is the complete offering data and comparison with previous similar issue: Type of the securities MEKKAM-12 MEKKAM-12 NSIN KZ4CL2202A19 KZ4CL2212A09 KASE trade code MKM012.32 MKM012.29 IRBIS registration number 32/12 29/6 Par value, KZT 100.00 100.00 Issuance date Feb.22,2000 Dec.22,2000 Circulation start date Feb.24,2000 Dec.24,2000 Maturity date Feb.22,2001 Dec.22,2000 Days in circulation 364 364 Number of Primary dealers 8 (+ 2) Demand, mln KZT 232.6 (- 2,522.9) Weighted average yield on demand, % APR 18.98 (+ 0.50) Planned volume, mln KZT 500.0 ( 0) Actual volume, mln KZT 145.6 (- 2,512.8) Cut-off price, % of par value 84.75 (+ 0.02) Weighted average price, % of par value 84.76 (+ 0.02) Maximum yield, % APR 17.99 (- 0.03) Weighted average yield, % APR 17.98 (- 0.03) Effective weighted average yield, % APR 17.98 (- 0.03) The Ministry of finance says no bids were made by non-residents.