/IRBIS, Sergey Yakovlev, February 18, 04/ - Today the National Bank of Kazakhstan (NBK) held the 900th auction on floatation of short-term notes. The auction was organized with additional floatation realized during the day. Following is complete results of floatation. Notes with such term to maturity are offered for the first time.

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Type of the securities                   Notes-119
NIN                                      KZW1KW179002
KASE trade code                          NTK119_0900
IRBIS registration number                900/n
Par value, KZT                           100.00
Time basis                               actual/365
Offering date (auction)                  Feb 18, 04
Payment date                             Feb 18, 04
Circulation start date                   Feb 18, 04
Maturity date                            Jun 16, 04
Days in circulation                      119
Planned volume, KZT m                    1 000.00
Limits on uncompetitive, %               50
Number of participants - Primary agents  8
Demand, KZT m                            7,153.8
WA yield on demand, % APR                4.83
Actual volume, KZT m                     6,881.7
Cut-off price, KZT                       98.48
WA price, KZT                            98.48
Maximum yield, % APR                     4.73
Weighted average yield, % APR            4.73
Effective WA yield, % APR                4.81
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Relative to previous successful floatation of notes (KZW1KW408997, notes- 280 on February 12, 04) demand increased by KZT1,893.1 m (1.36 times), actual volume of satisfied bids - by KZT1,994.9 m (1.41 times), effective yield of notes decreased from 5.01%APR to the value indicated in the table.

[2004-02-18]