MEKKAM-12 of Ministry of Finance of Kazakhstan of the 78th issue - results of offering

/IRBIS, September 02, 02/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 78th 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 KZK1KY010786 KZK1KY010778 KASE trade code MКM012.078 MКM012.077 IRBIS registration number 78/12 77/12 Par value, KZT 100.00 100.00 Issuance date Sept 02, 02 June 3, 02 Payment date Sept 03, 02 June 4, 02 Circulation start date Sept 04, 02 June 5, 02 Maturity date Sept 03, 03 June 4, 03 Days in circulation 365 365 Planned volume. KZT m 600.0 (- 400.0) Number of Primary dealers 10 (+ 7) Demand. KZT m 856.0 (+ 578.8) WA yield on demand. % APR 7.50 (- 0.73) Actual volume. KZT m 477.8 (+ 384.2) Cut-off price. % of par value 93.63 ( 0) WA price. % of par value 93.65 (+ 0.02) Maximum yield. % APR 6.80 ( 0) WA yield. % APR 6.78 (- 0.02) Effective WA yield. % APR 6.78 (- 0.02) --------------------------------------------------------- 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 (KZK1KM090062, МЕККАМ-9 of the sixth issue from July 01, 02), the demand rose by KZT180.7m (26.8%), actual volume decreased by KZT17.3m (3.5%), yield in effective terms rose from 6.18% APR to the value shown in the table. [2002-09-02]