Additional placement of notes-35 at 98.71 (13.59% APR)

/IRBIS, Jan.12, 00/ - Today the National Bank of Kazakhstan holds an auction for placing the notes with 35 days of circulation (#361/n) within planned volume of KZT300 mln. After processing submitted applications cut-off price was settled at 98.67 tenge (14.02% APR). Primary dealers and their clients were suggested to submit additional applications at 98.71 tenge, which corresponds to 13.59% APR. Compared to previous issue yield of notes with 35 days of circulation grew 21 percentage points (from 13.38% APR).