Complete results of MEKKAM-12 #53 offering

/IRBIS, June 12, 00/ - Today the Ministry of Finance and National Bank of Kazakhstan held 53rd auction for offering MEKKAM-12 (364 days). Announced volume of the issue is determined by the issuer at KZT400 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 KZ4CL1406A15 KZ4CL0806A13 KASE trade code MKM012.53 MKM012.52 IRBIS registration number 53/12 52/12 Par value, KZT 100.00 100.00 Issuance date June 12, 2000 May 09, 2000 Circulation start date June 15, 2000 June 09, 2000 Maturity date June 14, 2001 June 08, 2001 Days in circulation 364 364 Number of Primary dealers 9 (- 1) Demand, mln KZT 440.7 (+ 45.4) WA yield on demand, % APR 15.25 (+ 0.07) Planned volume, mln KZT 400.0 (+ 100.0) Actual volume, mln KZT 199.9 (+ 86.1) Cut-off price, % of par value 87.53 (+ 0.04) Weighted average price, % of par value 87.53 (+ 0.04) Maximum yield, % APR 14.25 (- 0.05) Weighted average yield, % APR 14.25 (- 0.05) Effective weighted average yield, % APR 14.25 (- 0.05) The Ministry of Finance says no applications were submitted by non- residents. This time, the emitter did not manage to noticeably decrease the bonds yield. The demand tightens as the yield of MEKKAM-12 gradually approaches the level, at which the market participants are critical at the given maturity.