National Bank notes-77 of #568 issue - floatation results

/IRBIS, Sept 7, 01/ - Today the National Bank of Kazakhstan (NBK) held the 568 th auction for floatation of notes with KZT100 par value and 77 day circulation term. Size of satisfaction of incompetitive applications is 60% of specified amount. The auction was held with additional floatation, which was realized during the day. Following are complete offering data and comparison with previous similar issue. Type of the securities Notes-77 Notes-77 NSIN KZW1KD775685 KZW1KD775628 KASE trade code NTK568.077 NTK562.077 IRBIS registration number 568/N 562/N Par value, KZT 100.00 100.00 Offering date (auction) Sept 07, 01 Aug 17, 01 Settlement date Sept 07, 01 Aug 17, 01 Circulation start date Sept 08, 01 Aug 18, 01 Maturity date Nov 23, 01 Nov 02, 01 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 8 (+ 1) Demand, KZT m 1,233.0 (+ 977.9) WA yield on demand, % APR 6.03 (- 0.29) Actual volume, KZT m 951.0 (+ 879.3) Cut-off price, % of par value 98.83 ( 0) WA price, % of par value 98.83 ( 0) Maximum yield, % APR 5.60 ( 0) Weighted average yield, % APR 5.60 ( 0) Effective WA yield, % APR 5.72 ( 0) Relative to previous offering of the notes (KZW1KD775685, notes-63 on Sept 5, 01) demand inclined up by KZT160.1m (14.9%), actual volume of satisfied applications - by KZT22.9m (2.4%), and the yields of the bonds in effective terms 5.54% APR to the value shown in the table. By the preliminary estimation of IRBIS the National bank finished the thirty sixth week of 2001 (Sept 3 - 9) with following ratios on initial market of GS. At actual volume of repayment KZT1,843.2m the issuer raised on two auctions KZT1,924.9m. Weekly net borrowing balance of the National bank is estimated by IRBIS at positive KZT81.7m. Weekly balance of all GS issuers on domestic market totaled positive KZT899.0m, according to the estimation of IRBIS.