Complete results of placement of note-14 #334

/IRBIS, Sep.09, 99/ - On September 09 the National Bank has conducted the 334th auction for placement of the notes with 100 tenge of nominal value and 14 days of circulation period. Announced volume of issue is determined by the emitter at KZT200 million. Satisfaction size of the incompetitive applications - 60% from established volume. Auction was hold with additional placement which was made during the day. The complete data are and comparison with the previous issue are given below. Type of securities Note-14 Note-14 NSIN KZ8EK2409990 KZ8EK0909991 Trade code at KASE NTK334.014 NTK329.014 IRBIS' registration number 334/N 329/N Nominal value, KZT 100,00 100,00 Date of issue Sep.09, 99 Aug.25, 99 Beginning of the circulation Sep.10, 99 Aug.25, 99 Maturity date Sep.24, 99 Sep.09, 99 Time of circulation 14 days 14 days Demand, million KZT 685.9 (- 3,439.9) Yield on demand weighted av., % p.a. 15.69 (+ 1.84) Planed volume, million KZT 200.0 ( 0) Actual volume, million KZT 424.9 (- 1,277.6) The cutting off price, KZT 99.42 (- 0.06) The weighted average price, KZT 99.42 (- 0.06) Maximum yield, % p.a. 15.17 (+ 1.58) Weighted average yield., % p.a. 15.17 (+ 1.58) Weighted average yield., eff., % p.a. 16.33 (+ 1.81) The emitter continues struggle for the securities. This time it was ought to increase yield even more than at note-35 placement. Thanks to it the actual volume of attraction twice exceeded the scheduled. However this week the National Bank should pay 2.1 billion tenges. Only 530 millions were attracted till now. As a whole situation is stabilized. In a second half of the day the dollar rate in the over-the-counter market, by the dealers quotations, inclined to reduction. It is possible to expect, that on Friday's note-7 placement the emitter will receive an acceptable demand: note-7 is the most popular tool. But to reach the positive balance of net - drawing, the National Bank should essentially rise yield of these obligations. It is obvious, that the dealers and their customers will try to take the most of a situation.