Complete results of placement of NOTE-28 #345

/IRBIS, Oct.21, 99/ - On October 21, 99 the National Bank has conducted the 345th auction for placement of the notes with 100 tenge of nominal value and 28 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 and comparison with the previous placement are given below. Type of securities Note-28 Note-28 NSIN KZ8SK1911996 KZ8SK1211991 Trade code at KASE NTK345.028 NTK343.028 IRBIS' registration number 345/N 343/N Nominal value, KZT 100.00 100.00 Date of issue Oct.21, 99 Oct.14, 99 Beginning of the circulation Oct.22, 99 Oct.15, 99 Maturity date Nov.19, 99 Nov.12, 99 Time of circulation 28 days 28 days Number of Primary dealers 8 no data Demand, million KZT 1,766,1 (+ 1,059.0) Yield on demand weighted av., % p.a. 16,06 (- 0.66) Planed volume, million KZT 200.0 ( 0) Actual volume, million KZT 1,171.9 (+ 727.1) The cutting off price, KZT 98.82 (+ 0.01) The weighted average price, KZT 98.82 (+ 0.01) Maximum yield, % p.a. 15.52 (- 0.14) Weighted average yield., % p.a. 15.52 (- 0.14) Weighted average yield., eff., % p.a. 16.69 (- 0.15) Placement can be regarded as a success of the emitter. Today banks have chosen the notes instead of dollar. The situation in the primary State Securities market and in the currency sector can return to the summer variant, when the absence of the expressed trend of dollar has forced the banks to put the free means in the notes. At the present conditions the notes yield will be reducing gradually.