Complete results of MEKKAM-3 #267 offering

/IRBIS, June 15, 00/ - Today the Ministry of Finance and National Bank of Kazakhstan held 267th auction for offering MEKKAM-3 (91 days). Announced volume of the issue is determined by the issuer at KZT200 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 KZ43L1509A01 KZ43L0109A07 KASE trade code MKM003.266 MKM003.266 IRBIS registration number 267/3 266/3 Par value, KZT 100.00 100.00 Issuance date June 15, 2000 June 01, 2000 Circulation start date June 16, 2000 June 02, 2000 Maturity date Sep. 15, 2000 Sep. 01, 2000 Days in circulation 91 91 Number of Primary dealers 14 (+ 3) Demand, mln KZT 1 528.2 (+ 12.6) WA yield on demand, % APR 13.10 (- 0.29) Planned volume, mln KZT 300.0 (+ 100.0) Actual volume, mln KZT 1 229.5 (+ 127.6) Cut-off price, % of par value 96.97 (+ 0.16) Weighted average price, % of par value 96.98 (+ 0.17) Maximum yield, % APR 12.50 (- 0.68) Weighted average yield, % APR 12.46 (- 0.72) Effective weighted average yield, % APR 13.05 (- 0.80) The Ministry of Finance says no applications were submitted by non- residents. There were no fundamental changes on this auction compare to the previous one. As it had been expected, MEKKAM-3 was very demanded among investors. Remarkably, right after the placement of the bonds, the quotations of shortest money on the market began to grow, whereas dollar quotations decreased. The traders again disregarded the US dollar.