Complete results of notes-35 #386 placement

/IRBIS, Apr.6, 00/ - On April 5 the National Bank of Kazakhstan held the 386th auction for offering notes with 100 tenge par value. Circulation term - 35 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-35 Notes-35 NSIN KZ95K1105A07 KZ95K1703A03 KASE trade code NTK386.035 NTK370.035 IRBIS registration number 386/N 370/N Par value, tenge 100.00 100.00 Issuance date Apr.5, 00 Feb.11, 00 Circulation start date Apr.6, 00 Feb.11, 00 Maturity date May 11, 00 Mar.17, 00 Days in circulation 35 days 35 days Planned volume, mln tenge 300.0 (- 300.0) Number of Primary dealers 10 (- 4) Demand, mln tenge 1 412.7 (- 9.9) Weighted average yield on demand, % APR 13.59 (+ 0.45) Actual volume, mln tenge 681.9 (- 208.5) Cut-off price, tenge 98.78 (+ 0.02) Weighted average price, tenge 98.78 (+ 0.02) Maximum yield, % APR 12.84 (- 0.21) Weighted average yield, % APR 12.84 (- 0.21) Effective weighted av. Yield, % APR 13.61 (- 0.24) There are no essential news in the sector. The emitter continues to decrease the rate of drawing ignoring investors desire to work with currency papers and they forced to choose from the offered MEKKAM and notes. Notes, due to short term of circulation, look more attractive and have higher demand. Thus, the National Bank has large freedom at the cut off price forming. By results of the last seven days the average weighted effective yield of SS to redemption on the exchange secondary market is 16.35% p.a. The short- term securities' yield in the given sector the a little bit higher, than it is offered by the National Bank at the auctions.