National Bank notes-77 of #687 issue - floatation results

10.07.02 00:00
/IRBIS, July 10, 02/ - Today the National Bank of Kazakhstan (NBK) held the 687th 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 KZW1KD776873 KZW1KD776766 KASE trade code NTK687.077 NTK676.077 IRBIS registration number 687/N 676/N Par value, KZT 100.00 100.00 Offering date (auction) July 10, 02 June 04,02 Settlement date July 10, 02 June 05,02 Circulation start date July 10, 02 June 05,02 Maturity date September 25, 02 August 21,02 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 10 (+ 5) Demand, KZT m 695.3 (- 544.4) WA yield on demand, % APR 5.89 (- 0.05) Actual volume, KZT m 566.0 (- 653.1) Cut-off price, % of par value 98.80 (+ 0.01) WA price, % of par value 98.80 (+ 0.01) Maximum yield, % APR 5.74 (- 0.05) Weighted average yield, % APR 5.74 (- 0.05) Effective WA yield, % APR 5.86 (- 0.05) ------------------------------------------------------------- Relative to previous issue of notes (KZW1KD916867, notes-91 of July 05, 02) demand decreased by 5,443.2m tenge (8.8 times), actual volume of satisfied bids - by 4,254.5m tenge (8.5 times), yield of bonds in effective terms fell from 5.97% APR to value shown in the table. [2002-07-10]