Complete results of placement of note-42 #348

/IRBIS, Nov.04, 99/ - On November 04 the National Bank has conducted the 348th auction for placement of the notes with 100 tenge of nominal value and 42 days of circulation period. Announced volume of issue is determined by the emitter at KZT200 million. Satisfaction size of the incompetitive applications is 60% from the established volume. The complete data and comparison with the previous issue are given below. Type of securities Note-42 Note-42 NSIN KZ96K1712991 KZ96K0212993 Trade code at KASE NTK348.042 NTK344.042 IRBIS' registration number 348/N 344/N Nominal value, KZT 100.00 100.00 Date of issue Nov.04,99 Oct.20, 99 Beginning of circulation Nov.05,99 Oct.21, 99 Maturity date Dec.17, 99 Dec.02, 99 Time of circulation 42 days 42 days Demand, million KZT 748.0 (+ 47.7) Yield on demand weighted av., % p.a. 17.06 (- 2.34) Planed volume, million KZT 200.0 ( 0) Actual volume, million KZT 400.0 (- 99.9) The cutting off price, KZT 98.32 (+ 0.14) The weighted average price, KZT 98.32 (+ 0.14) Maximum yield, % p.a. 14.81 (- 1.26) Weighted average yield., % p.a. 14.81 (- 1.26) Weighted average yield., eff., % p.a. 15.80 (- 1.44) Expectedly, at this placement the National Bank has not received so big so soft demand, as on Wednesday's one. After the note-35 placement investors has not free means to support the emitter. Nevertheless, tactics of the National Bank has remained constant and the yield of the notes was decrease significant. In all probability, a reduction of debt service cost is today a prime task of the emitter.