Complete results of MEKKAM-6 #147 offering

/IRBIS, May 29, 00/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan (NBK) held the 147th 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 auction: Type of the securities MEKKAM-6 MEKKAMМ-6 NSIN KZ46L3011A05 KZ46L2411A03 KASE trade code MKM006.147 MKM006.146 IRBIS registration number 147/6 146/6 Par value, KZT 100.00 100.00 Issuance date May 29. 2000 May 25. 2000 Circulation start date June 01. 2000 May 26. 2000 Maturity date Nov. 30. 2000 Nov. 24. 2000 Days in circulation 182 182 Number of Primary dealers 10 (+ 4) Demand, mln KZT 687.2 (+ 203.3) WA yield on demand, % APR 15.08 (- 0.14) Planned volume, mln KZT 400.0 (+ 100.0) Actual volume, mln KZT 246.5 (+ 24.4) Cut-off price, % of par value 93.32 (+ 0.16) Weighted average price, % of par value 93.32 (+ 0.16) Maximum yield, % APR 14.32 (- 0.37) Weighted average yield, % APR 14.32 (- 0.37) Effective weighted average yield, % APR 14.83 (- 0.39) The Ministry of Finance (MOF) says no applications were submitted by non- residents. There are no changes on the market. As before, the emitter manages to lower bond yields. However, some problems still arise, especially, when the emitter tries to attract planned volumes at the beginning of a week.