MEKKAM-6 of the Ministry of Finance #178 issue - offering results

/IRBIS, Sergey Yakovlev, June 17, 04/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan (NBK) held the 178th 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 KZK1KM061782 KZK1KM061774 KASE trade code MКM006_178 MКM006_177 IRBIS registration number 178/6 177/6 Par value, KZT 100.00 100.00 Issuance date (auction) Jun 17, 04 May 27, 04 Payment date Jun 18, 04 May 28, 04 Circulation start date Jun 19, 04 May 29, 04 Maturity date Dec 17, 04 Nov 26, 04 Days in circulation 182 182 Planned volume, mln KZT 3,500.00 (0) Number of Primary dealers 10 (-3) Demand, mln KZT 7,612.4 (+3,754.7) WA yield on demand, % APR 4.91 (-0.06) Actual volume, mln KZT 5,936.5 (+3,609.7) Cut-off price, % of par value 97.62 (+0.01) WA price, % of par value 97.62 ( 0) Maximum yield, % APR 4.89 (-0.02) 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. [2004-06-17]