Complete results of MEKKAM-6 #142 offering

/IRBIS, May 4, 00/ - Today the Ministry of finance and National Bank of Kazakhstan held the 142nd auction for offering MEKKAM-6 (182 days). Announced volume of the issue - KZT600 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 KZ46L0311A08 KZ46L0211A09 KASE trade code MKM006.142 MKM006.141 IRBIS registration number 142/6 141/6 Par value, tenge 100.00 100.00 Issuance date May 4,2000 May 2,2000 Circulation start date May 5,2000 May 4,2000 Maturity date Nov.3,2000 Nov.2,2000 Days in circulation 182 182 Number of Primary dealers 13 (+ 3) Demand, mln KZT 1,288.8 (+ 869.4) WA yield on demand, % APR 16.52 (- 0.21) Planned volume, mln KZT 600.0 (+ 100.0) Actual volume, mln KZT 488.4 (+ 182.6) Cut-off price, % of par value 92.60 (+ 0.20) Weighted average price, % of par value 92.60 (+ 0.20) Maximum yield, % APR 15.98 (- 0.47) Weighted average yield, % APR 15.98 (- 0.47) Effective weighted average yield, % APR 16.62 (- 0.51) The Ministry of finance says no applications were submitted by non-residents. Two main factors affected current offering: large funds of tenge on the market and stability of tenge against US dollar. Growth in demand and increasing bid prices on MEKKAM-6 is not unusual matter on the threshold of summer season when forex markets are calm. The emitter has again used a possibility to lower yields. The yield decrease was far from symbolic at this time.