MEKKAM-12 of Ministry of Finance of Kazakhstan of the 77th issue - results of offering

/IRBIS, June 3, 02/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held 77th auction for annual MEKKAM offering (365 days). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following is the complete offering data and comparison with previous similar comparable issue: --------------------------------------------------------- Type of the securities MEKKAM-12 MEKKAM-12 NSIN KZK1KY010778 KZK1KY010760 KASE trade code MКM012.077 MКM012.076 IRBIS registration number 77/12 76/12 Par value, KZT 100.00 100.00 Issuance date June 3, 02 Apr 1, 02 Payment date June 4, 02 Apr 2, 02 Circulation start date June 5, 02 Apr 3, 02 Maturity date June 4, 03 Apr 2, 03 Days in circulation 365 365 Planned volume. KZT m 1,000.0 ( 0) Number of Primary dealers 3 (- 7) Demand. KZT m 277.2 (- 360.9) WA yield on demand. % APR 8.23 (- 1.00) Actual volume. KZT m 93.6 (- 15.9) Cut-off price. % of par value 93.63 ( 0) WA price. % of par value 93.63 ( 0) Maximum yield. % APR 6.80 ( 0) WA yield. % APR 6.80 ( 0) Effective WA yield. % APR 6.80 ( 0) --------------------------------------------------------- According to information of the National Bank, there were no applications to auction submitted by non-residents. Relative to the last resulting offering of МЕККАМ (KZK1KM032965, МЕККАМ-3 of the third issue 296 from May 27, 02), actual offering volume fell by KZT181.6m (39.6%), actual volume - by KZT5.1m (5.2%), yield in effective terms rose from 5.30% APR to the value shown in the table. [2002-06-03]