National Bank notes-70 of #625 issue - floatation results

/IRBIS, Jan 29, 02/ - Today the National Bank of Kazakhstan (NBK) held the 625th auction for floatation of notes with KZT100 par value and 70 days circulation term. Size of satisfaction of noncompetitive applications is 50% 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 KZW1KD706250 KZW1KD706219 KASE trade code NTK625.070 NTK621.070 IRBIS registration number 625/N 621/N Par value, KZT 100.00 100.00 Offering date (auction) Jan 29,02 Jan 18,02 Settlement date Jan 30,02 Jan 18,02 Circulation start date Jan 31,02 Jan 19,02 Maturity date Apr 10,02 Mar 29,02 Days in circulation 70 70 Planned volume, KZT m 500.0 ( 0) Number of Primary agents 10 (+ 3) Demand, KZT m 1,63.7 (- 403.7) WA yield on demand, % APR 7.97 (+ 2.35) Actual volume, KZT m 673.4 (- 625.1) 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 (KZW1KD776246, notes-77 dated Jan 25, 2002) demand decreased by KZT619.8m (1.5 times), actual volume of satisfied bids - by KZT767.2m (2.1 times), and bonds yields in effective terms - from 5.92% APR to the value shown in the table.