National Bank notes-63 of #452 issue - floatation results

/IRBIS, Oct 27, 00/ - Today the National Bank of Kazakhstan (NBK) held the 452nd auction for floatation of notes with KZT100 par value and 63 day circulation term. Announced volume of the issue is set by the issuer at KZT700 mln. Size of satisfaction of non-competitive applications is 60% of specified amount. Auction was held with additional offering conducted during the day. Below is results of the floatation and its comparison with previous issue. Type of the securities Notes-63 Notes-63 NSIN KZ99K2912A04 KZ99K1212A03 KASE trade code NTK452.063 NTK443.063 IRBIS registration number 452/N 441/N Par value, KZT 100.00 100.00 Issuance date Oct. 27, 00 Oct.9, 00 Circulation start date Oct. 27, 00 Oct.10, 00 Maturity date Dec. 29, 00 Dec.12, 00 Days in circulation 63 63 Number of Primary agents 11 (+ 4) Demand, mln KZT 2,334.6 (+ 1,253.4) WA yield on demand, % APR 7.79 ( 0) Planned volume, mln KZT 700.0 ( 0) Actual volume, mln KZT 1,687.4 (+ 919.9) Cut-off price, % of par value 98.68 ( 0) WA price, % of par value 98.68 ( 0) Maximum yield, % APR 7.73 ( 0) Weighted average yield, % APR 7.73 ( 0) Effective WA yield, % APR 7.97 ( 0) At the last auction of a week, the NBK managed to meet sizable demand for its supply. This was mainly conditioned by repayments for notes (KZT2,469.8 mln) and MEKKAM-6 (KZT300.8 mln). Despite three weeks break with notes- 63, the NBK remained interest rate unchanged. It mainly focused on volume of the borrowing.