Complete results of placement of NOTE-35 #340

/IRBIS, Oct.07, 99/ - On October 07 the National Bank has conducted the 340th auction for notes with 100 tenge of nominal value and 35 days of circulation period placement. 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 given below (there is no comparison, because the last such auction was more than a month ago). Type of securities Note-35 NSIN KZ95K1111998 Trade code at KASE NTK340.035 IRBIS' registration number 340/N Nominal value, KZT 100.00 Date of issue Oct.06, 99 Beginning of the circulation Oct.07, 99 Maturity date Nov.11, 99 Time of circulation 35 days Demand, million KZT 444.1 Yield on demand weighted av., % p.a. 19,17 Planed volume, million KZT 200.0 Actual volume, million KZT 400.0 The cutting off price, KZT 98.34 The weighted average price, KZT 98.34 Maximum yield, % p.a. 17.56 Weighted average yield., % p.a. 17.56 Weighted average yield., eff., % p.a. 19.01 Placement results testify that the emitter manages to interest banks by short non indexed tools. And though volume of demand (proceeding from current volumes repayment, is insignificant now, it is more better than nothing. The effective rate of placed securities was by 268 percentage points above than rate of previous placement (note-14, Sep.30.99) In opinion of the IRBIS's analysts, in the current week the National Bank will try to draw free means of bank of the second tier from the currency sector to the sector of notes primary placement. A moment suitable, as the current devaluation rate under the short-term tendency still to decrease. This placement is an illustration to this theme. Time will show whether the National Bank can to embody conceived in the a practice.