Additional placement of notes-42 at 98.53 (12.93% APR)

/IRBIS, March 15, 00/ - Today the National Bank of Kazakhstan holds an auction for placing the notes with 42 days of circulation (#379/n) within planned volume of KZT300 mln. After processing submitted applications cut-off price was settled at 98.53 tenge (12.93% APR). Primary dealers and their clients were suggested to submit additional applications at 98.53 tenge, which corresponds to 12.93% APR. Compared to previous issue yield of notes with 42 day circulation term decreased 9 percentage points (from 13.02% APR).