Complete results of placement of indexed NOTE-35 #15/$N

/IRBIS, Oct.29, 99/ - On October 29 the National Bank has conducted the 15th auction for placement of the devaluation notes. Announced volume of issue is determined by the emitter at $2 million. Satisfaction size of the incompetitive applications - 60% from established volume. Auction was hold with additional placement which was made during the day. The complete data are given below. Type of securities VNote-14 NSIN KZ95K0312993 Trade code at KASE NTU035.015 IRBIS' registration number 15/$n Nominal value, USD 100.00 Date of issue Oct.29, 99 Beginning of the circulation Oct.29, 99 Maturity date Dec.03, 99 Time of circulation 35 days Demand, million USD 0.617 Yield on demand weighted av., % p.a. 14.72 Planed volume, million USD 2.000 Actual volume, million USD 0.467 The cutting off price, USD 99.33 The weighted average price, USD 99.33 Maximum yield, % p.a. 7.02 Weighted average yield., % p.a. 7.02 Weighted average yield., eff., % p.a. 7.25 The yield is given for the buyer. The last placement of this week was quite interesting. Judge by the yield stated in the dealer's applications, the market has believed in a stable tenge, and the dealers are afraid of an opportunity of negative effective yield of the tenge denominated obligations. The emitter continues to reduce the rates. The effective yield of the issued securities is by three percentage points less than the similar parameter of the previous issue (KZ8EK0511995, indexed note-14). The National Bank position in the internal drawing market becomes more and more rigid. In opinion of the IRBIS's experts, tactics of the National Bank will not change in the next week. The forty fourth week in the State Securities primary market the National Bank has finished with the following results. At the actual volume of redemption of 525.3 million tenges (KZ8LK2910992 at the official rate at maturity) the emitter has attracted 519.2 million tenges (453.4 million tenges + $ 467,000 at the official rate on Oct.29, 99). The resulting week balance of the emitter under the notes program is minus 6.1 million tenges.