Complete results of notes-35 #359 offering

/IRBIS, Jan.6, 00/ - On January 5 the National Bank of Kazakhstan held the 359th auction for offering notes with 100 tenge par value. Circulation term - 35 days. Announced volume of the issue - 300 mln tenge. Size of satisfaction of noncompetitive applications is 60% of specified amount. The auction was held with additional placement, carried out during the day. Following is the complete offering data and comparison with previous similar auction: Type of the securities Notes-35 Notes-35 NSIN KZ95K0902A06 KZ95K1301A09 KASE trade code NTK359.035 NTK354.035 IRBIS registration number 359/N 354/N Par value, tenge 100.00 100.00 Issuance date Jan.5,00 Dec.8,99 Circulation start date Jan.6,00 Dec.9,99 Maturity date Feb.9,00 Jan.13,00 Days in circulation 35 35 Planned volume, mln tenge 300.0 ( 0) Number of Primary dealers 11 NA Demand, mln tenge 1,794.6 (+ 1,170.5) Weighted average yield on demand, % APR 13.48 (- 0.75) Actual volume, mln tenge 1 481.4 (+ 948.1) Cut-off price, tenge 98.72 (+ 0.02) Weighted average price, tenge 98.73 ( 0) Maximum yield, % APR 13.48 (- 0.22) Weighted average yield, % APR 13.38 ( 0) Effective weighted average yield, % APR 14.21 ( 0) As the last offering of notes, this issue was characterized by high demand and complete absence of pressure from the participants on the emitter. The instrument being offered - is the shortest among all instruments placed on primary market of SS lately. Therefore, dealers prefer them most. The emitter's tactics does not change: yield was left at previous level and all effort was directed to maximize net-borrowing. The National Bank had to work with negative balance in last weeks of the previous year. Now the situation has changed.