Additional placement of notes-49 at 98.26 (13.15% APR)

/IRBIS, March 3, 00/ - Today the National Bank of Kazakhstan holds an auction for placing the notes with 49 days of circulation (#374/n) within planned volume of KZT300 mln. After processing submitted applications cut-off price was settled at 98.26 tenge (13.15% APR). Primary dealers and their clients were suggested to submit additional applications at 98.26 tenge, which corresponds to 13.15% APR. Compared to previous issue the yield of notes with 49 day circulation term decreased 8 percentage points (from 13.23% APR).