Complete results of MEKKAM-12 #64 offering

/IRBIS, Oct 10, 00/ - Today, the Ministry of Finance and the National Bank of Kazakhstan held 64th auction for MEKKAM-12 offering (364 days). Announced volume of the issue is determined at KZT450 mln. Size of satisfaction for 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 KZ4CL1210A11 KZ4CL0510A10 KASE trade code MKM012.64 MKM012.63 IRBIS registration number 64/12 63/12 Par value, KZT 100.00 100.00 Issuance date Oct 10, 00 Oct 05, 00 Circulation start date Oct 13, 00 Oct 06, 00 Maturity date Oct 12, 01 Oct 05, 01 Days in circulation 364 364 Number of Primary dealers 14 (- 2) Demand, mln KZT 1,844.6 (- 1,148.8) WA yield on demand, % APR 10.93 (+ 0.15) Planned volume, mln KZT 450.0 (- 50.0) Actual volume, mln KZT 450.0 (- 550.0) Cut-off price, % of par value 90.49 (+ 0.01) Weighted average price, % of par value 90.50 (+ 0.02) Maximum yield, % APR 10.51 (- 0.01) Weighted average yield, % APR 10.50 (- 0.02) Effective weighted average yield, % APR 10.50 (- 0.02) The Ministry of finance says no applications were submitted by non- residents. The auction did not uncover new trends in this sector of financial market. The issuer limited itself by planned volume. This provided existing demand parameters supported another one decrease in yield. IRBIS experts remark one particularity of the auction. Demand for MEKKAM- 12 was higher than for notes-70, placement conducted at the same day.