Complete results of placement of indexed notes-21 #11/$n

/IRBIS, Oct.o1, 99/ - On October 01 the National Bank has conducted the next auction for placement of the notes indexed to devaluation. Announced volume of issue is determined by the emitter at $2 million. Satisfaction size of the incompetitive applications - 60% from established volume. Auction was conducted with additional placement, which was made during a day. The complete data and comparison with the data of previous issue are given below. Type of securities VNote-21 VNote-21 NSIN KZ8LK2210997 KZ8LK2307991 Trade code at KASE NTK021.011 NTK021.004 IRBIS' registration number 11/$n 4/$n Nominal value, USD 100.00 100.00 Date of issue Oct.01, 99 July.07, 99 Beginning of the circulation Oct.01, 99 July.07, 99 Maturity date Oct.22, 99 July.23, 99 Time of circulation 21 days 21 days Demand, million USD 9.246 (+ 7.971) Yield on demand weighted av., % p.a. 7.49 (- 1.57) Planed volume, million USD 2.0 (+ 1.0) Actual volume, million USD 9.099 (+ 8.395) The cutting off price, USD 99.58 (+ 0.04) The weighted average price, USD 99.57 (+ 0.04) Maximum yield, % p.a. 7.31 (- 0.70) Weighted average yield., % p.a. 7.31 (- 0.70) Weighted average yield., eff., % p.a. 7.57 (- 0.75) Yield is given in a hard currency. By results of placement, investors and banks voted today for growth dollar rate in the near future. Fee money appeared in the market and allowed to carry out placement under the quite acceptable rate. Effective yield of the indexed notes of the previous issue (KZ8EK0110996, 8/$n,14 days) has made 7.56% p.a. and does not differ practically from the corresponding parameter of today's issue. IRBIS experts think that any forecasts of the emitter's and investors' behavior in the nearest future are premature. There is an analysis of a market situation influenced by the new factors. The market waits for news and future personnel rearrangements. At the same time it is obvious, that in the transitive period the National Bank will prefer to work with constant effectiveness and to attract as many drawing as possible.