MEKKAM-12 of Ministry of Finance of Kazakhstan of the 79th issue - results of offering

/IRBIS, November 4, 02/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 79th auction for MEKKAM offering (365 days). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following is the issue structure, results of bonds offering and comparison with previous similar comparable issue: -------------------------------------------------------------------- Type of the securities МЕKКАМ-12 МЕKКАМ-12 NIN KZK1KY010794 KZK1KY010786 KASE trade code MКM012.079 MКM012.078 IRBIS registration number 79/12 78/12 Par value, KZT 100.00 100.00 Offering date (auction) Nov 4, 02 Sep 2, 02 Payment date Nov 5, 02 Sep 3, 02 Circulation start date Nov 6, 02 Sep 4, 02 Maturity date Nov 5, 03 Sep 3, 03 Days in circulation 365 365 Planned volume. KZT m 1,500.0 (+ 900.0) Number of participants - Primary dealers 9 (- 1) Demand. KZT m 1,488.9 (+ 632.8) Yield on demand weighted average, % APR 7.02 (- 0.48) Actual volume, KZT m 1,211.1 (+ 733.4) Cut-off price, KZT 93.63 ( 0) Weighted average price, KZT 93.65 ( 0) Max yield % APR 6.80 ( 0) WA yield, % APR 6.78 ( 0) WA effective yield, % APR 6.78 ( 0) -------------------------------------------------------------------- According to information of the National Bank, there were no applications to the auction submitted by non-residents. Demand for МЕКАМ remains high due to high liquidity at the market. At this, auctions on floatation of discount bonds of the Ministry of finance are held almost by the same scenario with floatation of National Bank's notes. Participants do not try to make pressure upon the issuer entirely admitting his terms. [2002-11-04]