Complete results of notes-49 #389 offering

/IRBIS, Apr. 13, 00/ - On April 13 the National Bank of Kazakhstan held the 389th 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 KZ97K0206A05 KZ97K2605A08 KASE trade code NTK389.049 NTK387.049 IRBIS registration number 389/N 387/N Par value, tenge 100.00 100.00 Issuance date April 13, 2000 April 6, 2000 Circulation start date April 14, 2000 April 7, 2000 Maturity date Jun 02, 2000 May 26, 2000 Days in circulation 49 49 Number of participants - Primary dealers 12 (- 1) Demand, mln KZT 1 843.3 (+ 1 053.2) WA yield on demand, % APR 13.23 (- 0.08) Planned volume, mln KZT 300.0 ( 0) Actual volume, mln KZT 1 189.3 (+ 539.5) Cut-off price, KZT 98.28 (+ 0.01) Weighted average price, KZT 98.28 ( 0) Maximum yield, % APR 13.00 (- 0.08) Weighted average yield, % APR 13.00 ( 0) Effective weighted average yield, % APR 13.75 ( 0) The essential demand increase appeared against the background of receipt of money from SS redemption. Due to a great demand the National Bank managed to keep yield at the former level and to increase volume of drawing sharply. To all appearances, the primary bank of country needed to neutralize money from the redeemed bonds. The tenge to dollar strengthening in the current week has caused increase of interest of the banks to the short-term notes. The yield in the applications has fallen. The sixteenth week of 2000 (April 10 - 16) the National Bank of Kazakhstan in the SS primary market has finished with the following results. At the actual volume of redemption of 1,096.3 million tenges the emitter has attracted on two auctions 1,756.3 million tenges. The net - drawing balance of the National Bank of Kazakhstan in this week is plus 660.0 million tenges.