Complete results of MEKKAM-6 #135 offering

/IRBIS, April 11, 00/ - Today the Ministry of finance of Kazakhstan with the National Bank held the 135th auction for offering MEKKAM-6 (182 days). Announced volume of the issue is 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-6 MEKKAM-6 NSIN KZ46L1210A08 KZ46L0610A06 KASE trade code MKM006.135 MKM006.134 IRBIS registration number 135/6 134/6 Par value, tenge 100.00 100.00 Issuance date Apr. 11, 2000 Apr. 7, 2000 Circulation start date Apr. 13, 2000 Apr. 7, 2000 Maturity date Oct. 12, 2000 Oct. 6, 2000 Days in circulation 182 182 Number of Primary dealers 8 ( 0) Demand, mln KZT 152.2 (- 621.7) WA yield on demand, % APR 18.13 (+ 1.14) Planned volume, mln KZT 450.0 (- 50.0) Actual volume, mln KZT 47.1 (- 461.9) 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) As against MEKKAM -3 placed recently, demand decreased sharply. Demand considerably worsened in comparison with the previous placement of MEKKAM-6. First of all, it is explained by the other today's auction for placement of the notes-35, which ones are much more popular than MEKKAM-6. There are no anything principally new in the sector. Both investors and emitter remain on the same places and show no desires do make compromise.