Complete results of primary Placement of Astana municipal State Securities

/IRBIS, Dec. 27, 99/ - On December 27 the National Bank has conducted the auction on placement of the municipal State Securities of the Almaty executive body. The complete data are given below. Type of securities Discount bond NSIN KZ71K2512A00 Trade code at KASE ALU.012 001 IRBIS' registration number 1/12ALU Nominal value, KZT 100.00 Date of issue Dec. 27, 1999 Beginning of circulation Dec. 28, 1999 Maturity date Dec. 26, 2000 Time of circulation 364 days Coupon payment dates Juny 27, 2000 Dec. 26, 2000 Scheduled volume, mln tenges 150,000 Number of participants - KASE members 4 Number of investors 4 Number of applications 8 Demand, bonds 18 026 Demand, million KZT 1.802 Minimum demand yield, % p.a 12.30 Maximum demand yield, % p.a 13.15 Weighted average demand yield, % p.a. 12.89 Number of the investors satisfied 3 Actual volume, bonds 10 853 Actual volume, million USD 1.085 Price of placement, USD 100.00 Maximum yield (cutting off price), % p.a. 13.00 Maximum yield., eff., % p.a. 13.00 The yield is shown in the currency expression. The satisfaction of the applications has been executed by the emitter after the cutting off procedure. The emitter has cut off the applications, which yield have exceeded the chosen rate. All applications, which were sent at the rate equal or smaller than the cutting off price, will be satisfied at the uniform yield equal to the cutting off rate. The actual sum of issue has made 149,988,460.00 tenge - emitter has placed the scheduled volume. JSC "Astana Finans" acted as the operator of the loan. The share of the applications on behalf of the pension funds has made 33.6%, on behalf of the banks - 66.0%, on behalf of the banks' customers - 0.4%. The cutting off only insignificantly has changed a picture: in the actual volume of issue the share of the pension funds has made 55.7%, the banks - 43.6 %, the banks' customers - 0.7%.