MEKKAM-6 of the Ministry of Finance #176 issue - offering results

/IRBIS, May 5, 04/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan (NBK) held the 176th auction for MEKKAM-6 offering (182 days). Size of satisfaction for noncompetitive applications is 30% of specified amount. Following are complete offering results, issue parameters and comparison with previous comparable issue. --------------------------------------------------------- Type of the securities MEKKAM-6 MEKKAM-6 NSIN KZK1KM061766 KZK1KM061758 KASE trade code MКM006_176 MКM006_175 IRBIS registration number 176/6 175/6 Par value, KZT 100,00 100.00 Issuance date (auction) May 05, 04 Apr 28, 04 Payment date May 06, 04 Apr 29, 04 Circulation start date May 07, 04 Apr 30, 04 Maturity date Nov 04, 04 Oct 28, 04 Days in circulation 182 182 Planned volume, mln KZT 3 500.0 ( 0) Number of Primary dealers 15 (+4.00) Demand, mln KZT 3 498.0 (-1 774.0) WA yield on demand, % APR 5.06 (-0.06) Actual volume, mln KZT 1 493.6 (+41.1) Cut-off price, % of par value 97.62 ( 0) WA price, % of par value 97.62 ( 0) Maximum yield, % APR 4.89 ( 0) Weighted average yield, % APR 4.89 ( 0) Effective WA yield, % APR 4.95 ( 0) --------------------------------------------------------- According to the National Bank's information, no bids were received from non-residents. [2004-05-05]