Complete results of MEKKAM-6 #130 offering

/IRBIS, March 24, 00/ - On March 24 the Ministry of Finance of Kazakhstan with the National Bank held the 131th auction for offering MEKKAM-6 (182 days). Announced volume of the issue is determined by the emitter at KZT500 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 MEKKAM-6 MEKKAM-6 NSIN KZ46L2209A09 KZ46L2109A00 KASE trade code MKM006.131 MKM006.130 IRBIS registration number 131/6 130/6 Par value, tenge 100.00 100.00 Issuance date March 24,2000 March 20,2000 Circulation start date March 24,2000 March 23,2000 Maturity date Sep. 22, 2000 Sep. 21, 2000 Days in circulation 182 182 Number of Primary dealers 10 (+ 2) Demand, mln KZT 299.5 (- 32.1) WA yield on demand, % APR 21.34 (+ 1.5) Planned volume, mln KZT 500.0 ( 0) Actual volume, mln KZT 194.2 (+ 75.7) Cut-off price, % of par value 92.24 ( 0) Weighted average price, % of par value 92.24 ( 0) Maximum yield, % APR 16.83 ( 0) Weighted average yield, % APR 16.83 ( 0) Effective weighted average yield, % APR 17.53 ( 0) The Ministry of finance says no applications were submitted by non- residents. There are no any of principal changes in the sector. Demand still low, and the investors attempted to decrease the prices. Judge by demand there were weak attempts. Even despite of an essential negative week balance, the emitter will hardly probable to increase the rates. It is obvious, that the yield it main factor for the Ministry today and it determines now actual volume of satisfaction.