National Bank notes-49 of #727 issue - floatation results

/IRBIS, October 24, 02/ - Today the National Bank of Kazakhstan (NBK) held the 727th auction for floatation of notes with KZT100 par value and 49-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-49 Notes-49 NSIN KZW1KD497272 KZW1KD497173 KASE trade code NTK727.049 NTK717.049 IRBIS registration number 727/N 717/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 24, 02 Oct 2, 02 Settlement date Oct 24, 02 Oct 2, 02 Circulation start date Oct 24, 02 Oct 2, 02 Maturity date Dec 12, 02 Nov 20, 02 Days in circulation 49 days 49 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 7 ( 0) Demand, KZT m 395.4 (- 1,301.4) WA yield on demand, % APR 5.69 (+ 0.15) Actual volume, KZT m 364.6 (- 1,213.0) Cut-off price, KZT 99.26 ( 0) WA price, KZT 99.26 ( 0) Maximum yield, % APR 5.54 ( 0) Weighted average yield, % APR 5.54 ( 0) Effective WA yield, % APR 5.67 ( 0) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KD917261, notes-91 dated October 23, 2002) demand decreased by KZT384.4m (49.3%), actual volume of satisfied bids increased by KZT77.7m (27.1%), bonds yield in effective expression fell from 5.97% APR to the figure mentioned in the table. [2002-10-24]