Additional placement of notes-35 at 98.61 (14.66% APR)

03.09.99 00:00
/IRBIS, Sept.03, 99/ - Today the National Bank of Kazakhstan holds an auction on placement of notes with 35 days of circulation (#332/n) within a planed volume of 200 mln tenge. After processing submitted applications the cut-off price was determined at 98.61 tenge (14.66% APR). Primary dealers and their investors were suggested to submit additional applications at 98.61 tenge which equals to 14.66% APR. Compared with previous issuance yield of notes-35 did not change.