Additional placement of hard currency notes-21 at 99.59 (7.14% APR)

/IRBIS, Nov.05, 99/ - Today the National Bank of Kazakhstan holds an auction on placement of notes with 21 days of circulation (# 16/$n) within a planned volume of 2 million dollars. Primary dealers and their investors were offered to submit additional applications at 99.59 tenge, which corresponds to 7.14 APR. Compared with previous issue yield of four week notes decreased by 17 percentage points (from 7.31% APR).