National Bank's notes-119 of 900th issue - floatation results

/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. ----------------------------------------------------- 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 ----------------------------------------------------- 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]