Additional placement of notes-49 at 98.18 (13.77% APR)

/IRBIS, Jan.13, 00/ - Today the National Bank of Kazakhstan holds an auction for placing the notes with 49 days of circulation (#362/n) within planned volume of KZT300 mln. After processing submitted applications cut-off price was settled at 98.16 tenge (13.92% APR). Primary dealers and their clients were suggested to submit additional applications at 98.18 tenge, which corresponds to 13.77% APR. Compared to previous issue yield of notes with 49 days of circulation rose 23 percentage points (from 13.54% APR).