National Bank notes-70 of #621 issue - floatation results

/IRBIS, Jan 18, 02/ - Today the National Bank of Kazakhstan (NBK) held the 621st auction for floatation of notes with KZT100 par value and 70 days circulation term. Size of satisfaction of noncompetitive applications is 60% of specified amount. Auction was conducted with extra floatation, realized during the day. Following are results of the auction and comparison with previous comparable issue parameters. --------------------------------------------------------- Type of the securities Notes-70 Notes-70 NSIN KZW1KD706219 KZW1KD706193 KASE trade code NTK621.070 NTK619.070 IRBIS registration number 621/N 619/N Par value, KZT 100.00 100.00 Offering date (auction) Jan 18,02 Jan 15,02 Settlement date Jan 18,02 Jan 16,02 Circulation start date Jan 19,02 Jan 17,02 Maturity date Mar 29,02 Mar 27,02 Days in circulation 70 70 Planned volume, KZT m 500.0 ( 0) Number of Primary agents 7 (+ 2) Demand, KZT m 1,567.4 (+ 465.4) WA yield on demand, % APR 5.62 (- 0.06) Actual volume, KZT m 1,298.5 (+ 449.5) Cut-off price, % of par value 98.94 ( 0) WA price, % of par value 98.94 ( 0) Maximum yield, % APR 5.57 ( 0) Weighted average yield, % APR 5.57 ( 0) Effective WA yield, % APR 5.70 ( 0) --------------------------------------------------------- Relative to previous floatation of notes (KZW1KD846205, notes-84 dated Jan 17, 2002) demand decreased by KZT95.6m (5.5%), actual volume of satisfied bids - by KZT181.9m (12.3%), and bonds yields in effective terms declined from 6.06% APR to the value shown in the table.