National Bank notes-84 of #724 issue - floatation results

/IRBIS, October 16, 02/ - Today the National Bank of Kazakhstan (NBK) held the 724th auction for floatation of notes with KZT100 par value and 84-day circulation term. Size of satisfaction of noncompetitive applications is 50% of specified amount. The auction was conducted with additional floatation, realized during the day. Following are complete offering data and comparison with previous similar issue. ------------------------------------------------------------------- Type of the securities Notes-84 Notes-84 NSIN KZW1KD847245 KZW1KD846957 KASE trade code NTK724.084 NTK695.084 IRBIS registration number 724/N 695/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 16, 02 July 31, 02 Settlement date Oct 16, 02 July 31, 02 Circulation start date Oct 16, 02 July 31, 02 Maturity date Jan 8, 03 Oct 23, 02 Days in circulation 84 days 84 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 10 (+ 2) Demand, KZT m 5,571.2 (+ 3,760.7) WA yield on demand, % APR 6.02 (+ 0.09) Actual volume, KZT m 5,459.4 (+ 3,782.0) Cut-off price, KZT 98.66 ( 0) WA price, KZT 98.66 ( 0) Maximum yield, % APR 5.89 ( 0) Weighted average yield, % APR 5.89 ( 0) Effective WA yield, % APR 6.02 ( 0) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KD917238, notes-91 dated October 14, 2002) demand increased by KZT2,970.7m (2.1 times), actual volume of satisfied bids - by KZT3,287.6m (2.5 times), bonds yield in effective expression rose from 5.97% APR to the figure mentioned in the table. Results of the auction show that the National Bank continues to sterilize the market thoroughly neutralizing inflows of significant amounts of money to banks' correspondent accounts as the result of sale by latter ones of dollars at the stock exchange. [2002-10-16]