Complete results of notes-49 #358 offering

/IRBIS, Dec.28, 99/ - On December 28 the National Bank of Kazakhstan held the 358th auction for offering notes with KZT100 par value and 49 days of circulation. Announced volume of the issue is determined by the emitter at KZT300 mln. Size of satisfaction of noncompetitive applications is 60% of specified amount. Following is the complete offering data and comparison with previous similar auction: Type of the securities Notes-49 Notes-49 NSIN KZ97K1502A04 KZ97K1102A08 KASE trade code NTK358.049 NTK356.049 IRBIS registration number 358/N 356/N Par value, tenge 100.00 100.00 Issuance date Dec.28,1999 Dec.24,1999 Circulation start date Dec.28,1999 Dec.24,1999 Maturity date Feb.15,2000 Feb.11,2000 Days in circulation 49 49 Demand, mln tenge 732.0 (+ 220.5) Weighted average yield ondemand, % APR 13.77 (- 0.15) Planned volume, mln tenge 300.0 ( 0) Actual volume, mln tenge 580.9 (+ 147.8) Cut-off price, % of par value 98.21 ( 0) Weighted average price,% of par value 98.21 (- 0.01) Maximum yield, % APR 13.54 ( 0) Weighted average yield, % APR 13.54 (+ 0.08) Effective weighted average yield,% APR 14.26 (+ 0.09) Based on announced time-limit, this offering is the last for the National Bank in this year. The emitter did not change its tactics and continued to lower the yield, which is more likely to continue in the next year. However, in IRBIS specialists' opinion, it is early to make any forecasts for the next fiscal year.