Complete results of MEKKAM-6 #138 offering

/IRBIS, Apr.21, 00/ - Today the Ministry of Finance of Kazakhstan with the National Bank held the 138th 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 issue: Type of the securities MEKKAM-6 MEKKAM -6 NSIN KZ46L2010A08 KZ46L1910A01 KASE trade code MKM006.138 MKM006.137 IRBIS registration number 136/6 135/6 Par value, tenge 100.00 100.00 Issuance date Apr.14,2000 Apr.14,2000 Circulation start date Apr.14,2000 Apr.14,2000 Maturity date Oct.13,2000 Oct.13,2000 Days in circulation 182 182 Number of Primary dealers 9 (+ 2) Demand, mln KZT 524,5 (+ 346,7) WA yield on demand, % APR 17,08 (- 0,71) Planned volume, mln KZT 500,0 ( 0) Actual volume, mln KZT 251,1 (+ 148,8) 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. As it was expected, the SS redemption somewhat recovered the given sector of the market. It was expressed in increase of demand and growth of the price in the applications. The emitter has habitually fulfilled placement guided exclusively by the rate constancy. The demand increase has allowed it to augment volume of net - drawing a little. But it has appeared insufficiently for achievement of the positive weekly balance in the internal debt service.