Complete results of placement of note-21 #12/$n

/IRBIS, Oct.08, 99/ - On October 08 the National Bank has conducted the next auction for placement of the devaluation indexed notes with 21 days of circulation period. Announced volume of issue is determined by the emitter at $2 million. Satisfaction size of the incompetitive applications - 60% from established volume. Auction was hold with additional placement which was made during the day. The complete data are given below (there is no comparison, because the last such auction was more than three month ago). Type of securities VNote-21 VNote-21 NSIN KZ8LK2910992 KZ8LK2210997 Trade code at KASE NTK021.012 NTK021.011 IRBIS' registration number 12/$n 11/$n Nominal value, USD 100.00 100.00 Date of issue Oct.08, 99 Oct.01, 99 Beginning of the circulation Oct.08, 99 Oct.01, 99 Maturity date Oct.29, 99 Oct.22, 99 Time of circulation 21 days 21 days Demand, million USD 5.487 (- 3.758) Yield on demand weighted av., % p.a. 8.71 (+ 1.22) Planed volume, million USD 2.0 ( 0) Actual volume, million USD 3.715 (- 5.384) The cutting off price, USD 99.58 ( 0) The weighted average price, USD 99.58 ( 0) Maximum yield, % p.a. 7.31 ( 0) Weighted average yield., % p.a. 7.31 ( 0) Weighted average yield., eff., % p.a. 7.57 ( 0) The yield is given in the hard currency. In comparison with the previous placement the demand has decreased essentially and has become more rigid. There is an impression, that the notes, offered by the National Bank, are too long for the present market indefinity. We are on the eve of elections, and the dealers mark that their results can influence the financial market. Among those, who will vote, popularity of the communist is great. There is no other changes. The invariance of the offered notes rate was easily predicted. It is quite possible that at the further indexed bonds placement the National Bank will adhere to the same tactics.