Complete results of notes-49 #368 placement

/IRBIS, Feb.04, 00/ - On February 04 the National Bank of Kazakhstan held the 368th auction for offering notes with 100 tenge par value. Circulation term - 49 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-49 Notes-49 NSIN KZ97K2403A02 KZ97K0903A01 KASE trade code NTK368.049 NTK363.049 IRBIS registration number 368/N 363/N Par value, tenge 100.00 100.00 Issuance date Feb.04, 00 Jan.19, 00 Circulation start date Feb.04, 00 Jan.20, 00 Maturity date Mar.24, 00 Mar.09,00 Days in circulation 49 days 49 days Demand, mln tenge 2 443.0 (+ 2 020.1) Weighted average yield on demand, % APR 13.62 (- 0.46) Planed volume, mln tenge 300.0 (- 200.0) Actual volume, mln tenge 822.3 (+ 445.7) Cut-off price, tenge 98.23 (+ 0.05) Weighted average price, tenge 98.24 (+ 0.06) Maximum yield, % APR 13.39 (- 0.38) Weighted average yield, % APR 13.31 (- 0.46) Effective weighted av. yield, % APR 14.09 (- 0.52) As it was expected before, demand was very large, and the prices shown the desire of the participants to be above the cutting off price. It can be expressed by the high banks' liquidity after quite long dollar sales within of two previous weeks. There was nothing unexpected in the emitter behavior. Emitter used great demand only for the further notes yield reduction. Tactics of the National Bank in this sector remains constant. The sixth calendar week of 2000 (January 31 - February 06) in the State Security primary market the National Bank has completed with a positive balance of net - drawing: on two auctions emitter has attracted 1,507.6 million tenges.