MEKKAM-12 of Ministry of Finance of Kazakhstan of the 80th issue - results of offering

/IRBIS, April 12, 02/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 80th 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 MEKKAM-12 МЕKКАМ-12 NIN KZK1KY010802 KZK1KY010794 KASE trade code MКM012_0080 MКM012.079 IRBIS registration number 80/12 79/12 Par value, KZT 100.00 100.00 Day count convention actual/365 actual/365 Offering date (auction) Apr 12, 04 Nov 4, 02 Payment date Apr 13, 04 Nov 5, 02 Circulation start date Apr 14, 04 Nov 6, 02 Maturity date Apr 13, 05 Nov 5, 03 Days in circulation 365, 365 Planned volume. KZT m 3,500.0 (+2,000.0) Number of participants - Primary dealers 10 (+1) Demand. KZT m 5,602.4 (+4,113.6) Yield on demand weighted average, % APR 5.36 (-1.66) Actual volume, KZT m 2,937.0 (+1,725.9) Cut-off price, KZT 95.14 (-1.49) Weighted average price, KZT 95.14 (+1.49) Max yield % APR 5.11 (+1.62) WA yield, % APR 5.11 (-1.67) WA effective yield, % APR 5.11 (-1.67) ------------------------------------------------------------------ According to information of the National Bank, there were no applications to the auction submitted by non-residents. Relative to previous successful offering of discount bonds by Finance Ministry (KZK1KM061741, MEKKAM-06#174 dated January 1, 03) demand feel by KZT7,793.3 m (2.4 times), actual volume of satisfied bids - by KZT2,389.2 m (1.8 times), effective yield fell from 5.90% to the value indicated in the table. [2004-04-12]