Complete results of notes-35 #449 offering

20.10.00 00:00
/IRBIS, Oct 20, 00/ - Today the National Bank of Kazakhstan (NBK) held the 449th auction for offering notes with KZT100 par value and 35 days to maturity. Announced volume of the issue is set by the emitter at KZT700 mln. Size of satisfaction of non-competitive applications is 60% of specified amount. Auction was held without additional offering. Following is the complete offering data and comparison with previous similar issue. Type of the securities Notes-35 Notes-35 NSIN KZ95K2411A04 KZ95K1711A03 KASE trade code NTK449.035 NTK446.035 IRBIS registration number 449/N 446/N Par value, KZT 100.00 100.00 Issuance date Oct 20, 2000 Oct 13, 2000 Circulation start date Oct 20, 2000 Oct 13, 2000 Maturity date Nov 24, 2000 Nov 17, 2000 Days in circulation 35 35 Number of Primary agents 700.0 ( 0) Demand, mln KZT 12 (- 1) WA yield on demand, % APR 3,022.4 (- 459.8) Planned volume, mln KZT 7.02 (- 0.10) Actual volume, mln KZT 1,996.8 (- 614.2) Cut-off price, % of par value 99.34 (+ 0.01) WA price, % of par value 99.34 (+ 0.01) Maximum yield, % APR 6.91 (- 0.11) Weighted average yield, % APR 6.91 (- 0.11) Effective weighted average yield, % APR 7.13 (- 0.12) This auction was again a part of the NBK sterilisation policy. At this time, volume significantly decreased in comparison to two last weeks. By decreasing borrowing volumes the issuer focused on yields. They fell under the pressure of demand. The interest was also attracted by stiff cut-off conducted by MOF on MEKKAM-3 auction.