/IRBIS, Aug.07, 00/ - Today the Ministry of Finance and the National Bank of Kazakhstan held 60th auction for MEKKAM-12 offering (364 days). Announced volume of the issue is determined at KZT250 mln. Size of satisfaction for noncompetitive applications is 50% of specified amount.

Following is the complete offering data and comparison with previous similar auction:

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Type of the securities                      MEKKAM-12       MEKKAM-12
NSIN                                        KZ4CL0908A10    KZ4CL2607A10
KASE trade code                             MKM012.60       MKM012.59
IRBIS registration number                   60/12           59/12
Par value, KZT                              100.00          100.00
Issuance date                               Aug. 07, 2000   July 25, 2000
Circulation start date                      Aug.10, 2000    July 27, 2000
Maturity date                               Aug.09, 2001    July 26, 2001
Days in circulation                         364             364
Number of Primary dealers                   11              (+ 1)
Demand, mln KZT                             1,394.1         (+ 632.6)
WA yield on demand, % APR                   14.01           (+ 0.11)
Planned volume, mln KZT                     250.0           (- 50.0)
Actual volume, mln KZT                      665.8           (+ 411.8)
Cut-off price, % of par value               88.10           (+ 0.28)
Weighted average price, % of par value      88.10           (+ 0.28)
Maximum yield, % APR                        13.51           (- 0.36)
Weighted average yield, % APR               13.51           (- 0.36)
Effective weighted average yield, % APR     13.51           (- 0.36)
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The Ministry of finance says no applications were submitted by non- residents.

Trends prevailing on the market are invariable.