National Bank notes-77 of #669 issue - floatation results

/IRBIS, May 14, 02/ - Today the National Bank of Kazakhstan (NBK) held the 669th auction for floatation of notes with KZT100 par value and 77 day circulation term. Size of satisfaction of noncompetitive applications is 50% of specified amount. The auction was conducted with additional floatation, realized during the day. Following are complete offering data and comparison with previous similar issue. ------------------------------------------------------- Type of the securities Notes-77 Notes-77 NSIN KZW1KD776691 KZW1KD776626 KASE trade code NTK669.077 NTK662.077 IRBIS registration number 669/N 662/N Par value, KZT 100.00 100.00 Offering date (auction) May 14.02 Apr 25.02 Settlement date May 15.02 Apr 25.02 Circulation start date May 15.02 Apr 25.02 Maturity date Jul 31.02 Jul 11.02 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 10 (+ 2) Demand, KZT m 2,395.4 (+ 1,276.3) WA yield on demand, % APR 6.86 (- 0.68) Actual volume, KZT m 2,045.0 (1,188.5) Cut-off price, % of par value 98.79 ( 0) WA price, % of par value 98.79 ( 0) Maximum yield, % APR 5.79 ( 0) Weighted average yield, % APR 5.79 ( 0) Effective WA yield, % APR 5.92 ( 0) ------------------------------------------------------- Relative to previous issue of notes (KZW1KD636689, notes-63 from May 8 02) demand decreased by 499.1m tenge (13.6%), actual volume of satisfied bids - by 244.6m tenge (13.6%), yield of bonds in effective terms fell from 5.79% APR to value shown in the table. [2002-05-14]