National Bank notes-63 of #575 issue - floatation results

/IRBIS, Sept 28, 01/ - Today the National Bank of Kazakhstan (NBK) held the 575th auction for floatation of notes with KZT100 par value. Circulation term is 63 days. Size of satisfaction of incompetitive applications is 60% of specified amount. The auction was conducted with additional floatation that took place at the same day. Following are complete offering data and comparison with previous similar auction. Type of the securities Notes-63 Notes-63 NSIN KZW1KD635756 KZW1KD635723 KASE trade code NTK575.063 NTK572.063 IRBIS registration number 575/N 572/N Par value, KZT 100.00 100.00 Offer date Sept 28, 01 Sept 19, 01 Settlement date Sept 28, 01 Sept 20, 01 Circulation start date Sept 29, 01 Sept 21, 01 Maturity date Nov 30, 01 Nov 22, 01 Days in circulation 63 63 Planned volume, mln KZT 500.0 ( 0) Number of Primary agents 12 (+ 4) Demand, mln KZT 934.7 (+ 562.3) WA yield on demand, % APR 5.95 (- 0.95) Actual volume, mln KZT 669.2 (+ 544.8) Cut-off price, % of par value 99.08 (+0.01) WA price, % of par value 99.08 (+0.01) Maximum yield, % APR 5.36 (-0.06) Weighted average yield, % APR 5.36 (-0.06) Effective WA yield, % APR 5.48 (-0.07) Relative to the last floatation of notes (KZW1KD495748, notes-49 dated Sept 26, 01) the demand decreased by KZT789.6m (45.8%), actual volume of satisfied bids - by KZT559.6m (45.5 times), and bonds yield increased from 5.43 to the value shown in the table. According to the prior estimation of IRBIS, National bank of Kazakhstan ended the thirty ninth week (Sept 24 - 30) with following ratios. At actual volume of maturity KZT687.6m the issuer raised on two auctions KZT1,898.1m. Weekly net borrowing of National bank is still estimated by IRBIS - positive KZT1,210.5m. According to IRBIS estimation, the weekly net borrowing for all issuers of GS (including municipal bodies) on the domestic market - positive KZT816.5m.