Complete results of MEKKAM-12 #42 offering

/IRBIS, Apr.18, 00/ - Today the Ministry of finance of Kazakhstan with the National Bank held the 42nd 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 auction: Type of the securities MEKKAM-12 MEKKAM-12 NSIN KZ4CL1904A12 KZ4CL0604A17 KASE trade code MKM012.42 MKM012.40 IRBIS registration number 42/12 40/12 Par value, tenge 100.00 100.00 Issuance date Apr.18,2000 Apr.06,2000 Circulation start date Apr.20,2000 Apr.07,2000 Maturity date Apr.19,2001 Apr.06,2001 Days in circulation 364 364 Number of Primary dealers 8 ( 0) Demand, mln KZT 133.9 (- 48.2) WA yield on demand, % APR 20.05 (+ 0.63) Planned volume, mln KZT 500.0 ( 0) Actual volume, mln KZT 50.9 (+ 30.7) 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 sector still demonstrates a complete stability of the conjuncture. Demand parameters remain almost constant, and the issuer is unwilling to raise the yield of its securities in order to increase borrowing amount. In IRBIS analysts' opinion, there are no factors that may change the conjuncture of this sector soon.