Complete results of MEKAVM-12 #6/12B offering

/IRBIS, March 3, 00/ - On March 3 the Ministry of finance of Kazakhstan with the National Bank held the 6th auction for offering MEKAVM-12 (364 days). Announced volume of the issue is determined by the emitter at $4 mln. Size of satisfaction of noncompetitive applications is 50% of specified amount. Following is the complete offering data and comparison with previous similar tranche: Type of the securities MEKAVM-12 MEKAVM-12 NSIN KZ4CL0203A12 KZ4CL1502A18 KASE trade code MVM012.006 MVM012.005 IRBIS registration number 6/12B 6/12B Par value, tenge 100.00 100.00 Issuance date March 3,2000 Feb.15,2000 Circulation start date March 3,2000 Feb.17,2000 Maturity date March 2,2001 Feb.15,2001 Days in circulation 364 364 Number of Primary dealers 13 (+ 1) Demand, mln USD 25.3 (+ 12.5) Weighted average yield on demand, % APR 10.10 (- 0.40) Planned volume, mln USD 4.0 ( 0) Actual volume, mln USD 8.7 (+ 0.8) Cut-off price, % of par value 90.91 (+ 0.06) Weighted average price, % of par value 90.91 (+ 0.06) Maximum yield, % APR 10.00 (- 0.07) Weighted average yield, % APR 10.00 (- 0.07) Effective weighted average yield, % APR 10.00 (- 0.07) The yield is given in currency terms. The Ministry of finance says no bids were made by non-residents.