Complete results of placement of notes-35 #325

/IRBIS, Aug.13, 99/ - On August 13 the National Bank of Kazakhstan held 326th auction on placement of notes with the nominal value of 100 tenge and with 21 days of circulation. Announced volume of the issue is determined by the emitter at 200 million tenge. Size of satisfaction of noncompetitive applications is 60%. The auction was held with an additional placement which has been competed during the same day. Following is the complete data compared with the previous comparable auction. Type of the securities Notes-21 Notes-21 NSIN KZ8LK0309999 KZ8LK2708990 KASE trade code NOTES 326 NOTES 323 IRBIS registration number 326/N 323/N Nominal value, tenge 100.00 100.00 Issuance date Aug.13, 99 Aug.05, 99 Circulation start date Aug.13, 99 Aug.06, 99 Redemption date Sept.03, 99 Aug.27, 99 Days in circulation 21 21 Demand, mln tenge 1,910.9 (-902.6) Weighted average yield on demand, % APR 14.33 (-0.18) Planned volume, mln tenge 200.0 (0) Actual volume, mln tenge 1,275.8 (-947.4) Cut-off price, tenge 99.20 (+0.02) Weighted average price, tenge 99.20 (+0.01) Maximum yield, % APR 13.98 (-0.35) Weighted average yield, % APR 13.98 (-0.18) Effective weighted average yield, % APR 14.94 (-0.20) Demand was down at the auction but it did not stop the emitter from placing 6 times more than it was planned and from reducing the yield significantly. Low interest towards the notes can be explained by increasing interest of the banks in currency sector of the Exchange. However, considerable amounts were not involved in the currency exchange today; the banks limited themselves with speculations and came out of the trades at KASE with almost zero net position. IRBIS analysts say that it is still early to talk about trend changes in the market. Apparently, conjuncture of the primary market for notes will be the same in the next week. The National Bank will end the 33rd week at the primary market for notes with the following results. With planned amount of 400.0 mln tenge the emitter has attracted 2,399.3 mln tenge, whereas actual redemption value has made 1,559.7 mln tenge. Week's borrowing balance keeps rising.