MEKKAM-3 of Ministry of Finance of Kazakhstan of the 299th emission - results of offering

/IRBIS, Elena Korpusenko, September 23, 04/ - Today the Ministry of Finance (MOF) and the National Bank of Kazakhstan held the 299th auction for MEKKAM-3 offering (91 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-3 MEKKAM-3 NIN KZK1KM032999 KZK1KM032981 KASE trade code MKM003_0299 MKM003_0298 IRBIS registration number 299/3 298/3 Par value, KZT 100.00 100.00 Day count convention actual/365 actual/365 Offering date (auction) Sep 23, 04 Sep 7, 04 Payment date Sep 24, 04 Sep 8, 04 Circulation start date Sep 25, 04 Sep 9, 04 Maturity date Dec 24, 04 Dec 8, 04 Days in circulation 91 91 Planned volume. KZT m 5,000.0 (0) Number of participants - Primary dealers 14 (0) Demand. KZT m 10,919.9 (-4,614.1) Yield on demand weighted average, % APR 4.34 (-0.08) Actual volume, KZT m 6,123.2 (-1,595.6) Cut-off price, KZT 99.17 (+0.02) Weighted average price, KZT 99.19 (0) Max yield % APR 3.44 (-0.08) WA yield, % APR 3.28 (0) WA effective yield, % APR 3.32 (0) ------------------------------------------------------------------ According to information of the National Bank, there were no applications to the auction submitted by non-residents. [2004-09-23]