Complete results of note-14 #339 placement

/IRBIS, Sep.30, 99/ - On September 30 the National Bank has conducted the 339th 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 an a comparison with the previous issue are given below. Type of securities Note-14 Note-28 NSIN KZ8EK1510996 KZ8EK3009997 Trade code at KASE NTK339.014 NTK336.014 IRBIS' registration number 339/N 336/N Nominal value, KZT 100.00 100.00 Date of issue Sep.30, 99 Sep.15, 99 Beginning of the circulation Oct.01, 99 Sep.16, 99 Maturity date Oct.15, 99 Sep.30, 99 Time of circulation 14 days 14 days Demand, million KZT 536.7 (+ 47.6) Yield on demand weighted av., % p.a. 15.43 (- 1.32) Planed volume, million KZT 200.0 ( 0) Actual volume, million KZT 505.5 (+ 205.5) The cutting off price, KZT 99.42 ( 0) The weighted average price, KZT 99.42 ( 0) Maximum yield, % p.a. 15.17 ( 0) Weighted average yield., % p.a. 15.17 ( 0) Weighted average yield., eff., % p.a. 16.33 ( 0) The first placement of the notes in a normalization conditions in the currency sector passed rather quietly. The results were close to the previous comparable issue. it is difficult to judge by them, whether banks are interested in this tool. All the more placement was conducted at quarter balances formation , when the banks traditionally are short in the free means. The fact of placement gives hope and can be recognized as success, if, certainly, emitter did not use State Pension Fond support (which is quite probable). It's too early to speak about any forecasts. The trends on the exchange market are not established, and yield reference point were not generated yet.