National Bank notes-91 of 686th issue - floatation results

/IRBIS, July 05, 02/ - Today the National Bank of Kazakhstan (NBK) held the 686th auction for floatation of notes with KZT100 par value and 91 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-91 Notes-91 NSIN KZW1KD916867 KZW1KD916842 KASE trade code NTK686.091 NTK684.091 IRBIS registration number 686/N 684/N Par value, KZT 100.00 100.00 Offering date (auction) July 05, 02 June 28, 02 Settlement date July 05, 02 June 28, 02 Circulation start date July 05, 02 June 28, 02 Maturity date October 04, 02 September 27, 02 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 11 (- 1) Demand, KZT m 6,138.6 (+ 3,592.5) WA yield on demand, % APR 5.89 (- 0.08) Actual volume, KZT m 4,820.5 (+2,392.5) Cut-off price, % of par value 98.56 (+ 0.02) WA price, % of par value 98.56 (+ 0.02) Maximum yield, % APR 5.84 (- 0.08) Weighted average yield, % APR 5.84 (- 0.08) Effective WA yield, % APR 5.97 (- 0.09) --------------------------------------------------------------- Relative to previous issue of notes (KZW1KD426859, notes-42 of July 03, 02) demand increased by KZT2,158.1m (1.5 times), actual volume of satisfied bids - by KZT2,622.6m (2.2 times), yield of bonds in effective terms rose from 5.45% APR to the value shown in the table. [2002-07-05]