Complete results of MEKKAM-3 #281 offering

/IRBIS, Apr 16, 01/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held 281st auction for MEKKAM-3 offering (91 days). Size of satisfaction for non-competitive applications is 50% of specified amount. Following is the complete offering data and comparison with previous similar comparable auction: Type of the securities MEKKAM-3 MEKKAM-3 NSIN KZ43L1907A17 KZ43L2806A17 KASE trade code MKM003.281 MKM003.280 IRBIS registration number 281/3 280/3 Par value, KZT 100.00 100.00 Issuance date Apr. 16, 01 March 27, 01 Circulation start date Apr. 19, 01 March 29, 01 Maturity date July 19, 01 June 28, 01 Days in circulation 91 91 Planned volume, mln KZT 100.0 ( 0) Number of Primary dealers 7 (- 3) Demand, mln KZT 492.3 (- 124.8) WA yield on demand, % APR 5.53 (- 1.03) Actual volume, mln KZT 100.0 ( 0) Cut-off price, % of par value 98.69 (+ 0.04) WA price, % of par value 98.69 (+ 0.04) Maximum yield, % APR 5.32 (- 0.17) WA yield, % APR 5.32 (- 0.17) Effective WA yield, % APR 5.43 (- 0.17) The Ministry of Finance says no applications were submitted by non- residents. Despite transparent position supported by the Finance Ministry conducting bids processing, volume of submitted bids significantly exceeded announced volume. As previously, the issuer strictly kept to planned figure and used bids to lower yield.