Complete results of notes-49 #377 offering

/IRBIS, March 10, 00/ - On March 10 the National Bank of Kazakhstan held the 377th auction for offering notes with KZT100 face value and 100 day circulation term. Announced volume of the issue is determined by the emitter at KZT300 mln. Size of satisfaction of noncompetitive applications is 60% of specified amount. Following is the complete offering data and comparison with previous similar auction: Type of the securities Notes-49 Notes-49 NSIN KZ97K2804A07 KZ97K2104A04 KASE trade code NTK377.049 NTK374.049 IRBIS registration number 377/N 374/N Par value, tenge 100.00 100.00 Issuance date Feb.10,2000 Feb.3,2000 Circulation start date Feb.10,2000 Feb.3,2000 Maturity date Apr.28,2000 Apr.21,2000 Days in circulation 49 49 Number of Primary Dealers 14 (+ 5) Demand, mln KZT 1 053,3 (+ 671,6) WA yield on demand, % APR 20.38 (+ 7.07) Planned volume, mln KZT 300.0 ( 0) Actual volume, mln KZT 574.5 (+ 319.7) Cut-off price, KZT 98.27 (+ 0.01) Weighted average price, KZT 98.27 (+ 0.01) Maximum yield, % APR 13.08 (- 0.08) Weighted average yield, % APR 13.08 (- 0.08) Effective weighted average yield, % APR 13.83 (- 0.09) There were no surprises except of essential decrease in the prices of the participants' applications. The demand is still big, as there is no free means deficiency. The National Bank, as well as earlier, attempts to decrease the rates of drawings. The eleventh week of 2000 (March 06 - 12) the National Bank of Kazakhstan in the State Securities primary market has finished with the following results. At actual volume of redemption 620.1 million tenges, the emitter has attracted at three auctions 1,412.7 million tenges. The week net drawing National Bank balance is plus 792.6 million tenges.