Complete results of MEKKAM-12 #47 offering

/IRBIS, May 16, 00/ - Today the Ministry of finance of Kazakhstan with the National Bank held the 47th 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 KZ4CL1705A13 KZ4CL1105A19 KASE trade code MKM012.47 MKM012.46 IRBIS registration number 47/12 46/12 Par value, KZT 100.00 100.00 Issuance date May 16, 2000 May 12, 2000 Circulation start date May 18, 2000 May 12, 2000 Maturity date May 17, 2001 May 12, 2001 Days in circulation 364 364 Number of Primary dealers 8 (+ 1) Demand, mln KZT 359.8 (- 378.5) WA yield on demand, % APR 17.58 (+ 0.10) Planned volume, mln KZT 500.0 ( 0) Actual volume, mln KZT 112.6 (- 310.8) Cut-off price, % of par value 85.34 (+ 0.02) Weighted average price, % of par value 85.34 (+ 0.02) Maximum yield, % APR 17.18 (- 0.03) Weighted average yield, % APR 17.18 (- 0.03) Effective weighted average yield, % APR 17.18 (- 0.03) The Ministry of finance says no applications were submitted by non- residents. As the case with MEKKAM-6 offering that took place yesterday, nothing changes in the sector. The issuer may face with more greater demand on Thursday and Friday auctions. But it would hardly change the picture.