/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.

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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)
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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]