Complete results of notes-35 #393 offering

/IRBIS, April 28, 00/ - Today the National Bank of Kazakhstan held the 393th auction for offering notes with KZT100 par value and 35 day circulation term. Announced volume of the issue is set by the emitter at KZT200 mln. Size of satisfaction of non-competitive applications is 60% of specified amount. The auction was held with additional placement conducted the same day. Following is the complete offering data and comparison with previous similar issue: Type of the securities Notes-49 Notes-49 NSIN KZ95K0206A07 KZ95K2505A01 KASE trade code NTK393.035 NTK390.035 IRBIS registration number 393/N 390/N Par value, tenge 100.00 100.00 Issuance date Apr.28,2000 Apr.19,2000 Circulation start date Apr.28,2000 Apr.20,2000 Maturity date Jun.02,2000 May 25,2000 Days in circulation 35 35 Number of Primary agents 200.0 (- 100.0) Demand, mln KZT 13 (+ 5) WA yield on demand, % APR 748.6 (+ 78.6) Planned volume, mln KZT 13.16 (+ 0.10) Actual volume, mln KZT 460.4 (- 10.9) Cut-off price, % of par value 98.82 (+ 0.04) Weighted average price, % of par value 98.82 (+ 0.04) Maximum yield, % APR 12.42 (- 0.43) Weighted average yield, % APR 12.42 (- 0.43) Effective weighted average yield, % APR 13.14 (- 0.48) The sector demonstrates a permanency of a demand and constant tactics of both parties. Stability of demand is explained by fund flows from redemption of previously issued SS and unwillingness of banks to invest in dollar. From other side, National bank is keen to decrease on more time the yields of securities. The National Bank of Kazakhstan finished eighteenth week of 2000 (April 24 - 30) in the SS primary market with the following results. At actual volume of redemption of 883.4 million tenges the emitter has attracted on two auctions 754.2 million tenges. The weekly net - drawing balance of the National Bank of Kazakhstan is minus 129.2 million tenges.