Complete results of MEKKAM-12 #39 offering

/IRBIS, Apr.4, 00/ - Today the Ministry of finance of Kazakhstan with the National Bank held the 39th auction for offering MEKKAM-12 (364 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 issue: Type of the securities MEKKAM-12 MEKKAM-12 NSIN KZ4CL0504A18 KZ4CL0803A16 KASE trade code MKM012.39 MKM012.35 IRBIS registration number 39/12 35/12 Par value, tenge 100.00 100.00 Issuance date Apr.4,2000 March 7,2000 Circulation start date Apr.6,2000 March 9,2000 Maturity date Apr.5,2001 March 8,2001 Days in circulation 364 364 Number of Primary dealers 7 (+ 2) Demand, mln KZT 155.3 (- 130.5) WA yield on demand, % APR 19.32 (+ 0.43) Planned volume, mln KZT 500.0 ( 0) Actual volume, mln KZT 84.8 (- 107.6) Cut-off price, % of par value 84.76 ( 0) Weighted average price, % of par value 84.76 ( 0) Maximum yield, % APR 17.98 ( 0) Weighted average yield, % APR 17.98 ( 0) Effective weighted average yield, % APR 17.98 ( 0) The Ministry of finance says no applications were submitted by non- residents. Nothing principally changes in the sector. Demand is still falling, but the issuer does not increase the yield of its papers, notwithstanding great repayment volume in this week. Apparently, the Ministry of finance is confident in its solid positions.