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.