National Bank notes-77 of #511 issue - complete and corrected floatation results of March 26

/IRBIS, March 27, 01/ - On March 26 the National Bank of Kazakhstan (NBK) held 511th auction for floatation of notes with KZT100 par value and 77 days circulation term. Announced volume of the issue is set by the issuer at KZT500 mln. Size of satisfaction of non-competitive applications is 60% of specified amount. Auction was held with additional offering conducted during the day. Following are complete offering results and comparison with previous similar tranche. Type of the securities Notes-77 Notes-77 NSIN KZ9BK1206A14 KZ9BK0606A12 KASE trade code NTK511.077 NTK510.077 IRBIS registration number 511/N 510/N Par value, KZT 100.00 100.00 Issuance date March 26, 01 March 21, 01 Circulation start date March 27, 01 March 21, 01 Maturity date June 12, 01 June 06, 01 Days in circulation 77 77 Planned volume, mln KZT 500.0 ( 0) Number of Primary agents 15 (+ 2) Demand, mln KZT 1,934.3 (+ 140.1) WA yield on demand, % APR 6.42 (- 0.15) Actual volume, mln KZT 1,490.9 (- 41.9) Cut-off price, % of par value 98.71 (+ 0.02) WA price, % of par value 98.72 (+ 0.03) Maximum yield, % APR 6.18 (- 0.09) Weighted average yield, % APR 6.13 (- 0.15) Effective WA yield, % APR 6.27 (- 0.15) Based on the floatation results, the National Bank pays great attention to cleaning up the correspondent accounts of the BST, though he does not forget about reducing the yields of his bonds. The market is highly liquid in tenge and almost all free money is used by the participants in GB market.