Additional placement of notes-14 at 99.48 (13.59% APR)

/IRBIS, Aug.25, 99/ - Today the National Bank of Kazakhstan holds an auction on placement of notes with 14 days of circulation (#329/n) within a planed volume of 200 mln tenge. After processing submitted applications the cut-off price was determined at the level of 99.48 tenge (13.59% APR). Primary dealers and their investors were offered to submit additional applications at 99.48 tenge which is equal to 13.59% APR. Compared with the previous issuance yield of two week notes has decreased by 53 percentage points (from 14.12% APR).