Yield of notes-49 of 374th issue - 13.15% APR

/IRBIS, March 3, 00/ - Today the National Bank held the next auction for notes with 49 day circulation term (#374/n, KZ97K2104A04). Weighted average yield of the debt was settled at 13.15% APR (KZT98.26 for a note) with the maximum rate of 13.15% APR (KZT98.26 for a note). With an announced issue volume of KZT300 mln the emitter raised KZT254.8 mln. Demand equaled KZT381.7 mln at weighted average rate of 13.31% APR by all submitted bids. Yield of the notes with 49 day circulation term decreased 8 percentage points (from 13.23% APR) relative to previous issue. Complete results of the auction will be published by IRBIS later.