Complete results of notes-49 #387 offering

/IRBIS, Apr. 6, 00/ - On April 6 the National Bank of Kazakhstan held the 387th auction for offering notes with KZT100 par value. Circulation term is 49 days. Announced volume of the issue is KZT300 mln. Size of satisfaction of incompetitive applications is 60% of specified amount. The auction was held with additional placement, which was carried out the same day. Following is the complete offering data and comparison with previous similar auction: Type of the securities Note-49 Note-49 NSIN KZ97K2605A08 KZ97K0405A04 KASE trade code NTK387.049 NTK378.049 IRBIS registration number 387/N 378/N Par value, tenge 100.00 100.00 Issuance date April 6,2000 March 14,2000 Circulation start date April 7,2000 March 16,2000 Maturity date May 26,2000 May 4,2000 Days in circulation 49 49 Number of participants - Primary dealers 13 (+ 6) Demand, mln KZT 790.0 (+ 494.0) WA yield on demand, % APR 13.31 (- 0.54) Planned volume, mln KZT 300.0 ( 0) Actual volume, mln KZT 649.8 (+ 394.8) Cut-off price, KZT 98.27 ( 0) Weighted average price, KZT 98.28 (+ 0.01) Maximum yield, % APR 13.08 ( 0) Weighted average yield, % APR 13.00 (- 0.08) Effective weighted average yield, % APR 13.75 (- 0.09) According to interrogations, since second half of Tuesday the dealers of the Kazakhstan's banks mark redundant tenge liquidity. It has caused increase of demand declared by the Primary dealers and their clients at the notes placement. Demand grows and the average weighted rate gravitates to reduction. The dealers did not ignore the scheduled placements and are going to reinvest means, which have begun to arrive on their accounts from the Thursday's SS redemption. Such behavior testifies to a quiet situation in the currency circulation sector. The fifteenth week of 2000 (April 03 - 09) the National Bank of Kazakhstan in the primary market of SS has finished with following results. At the actual volume of redemption of 463.9 million tenges the emitter has attracted on two auctions 1,331.7 million tenges. The net - drawing balance of the National Bank of Kazakhstan is plus 867.8 million tenges.