/IRBIS, July 12, 02/ - Today the National Bank of Kazakhstan (NBK) held the 688th 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                           KZW1KD916883    KZW1KD916867
KASE trade code                NTK688.091      NTK686.091
IRBIS registration number      688/N           686/N
Par value, KZT                 100.00          100.00
Offering date (auction)        July 12, 02     July 05, 02
Settlement date                July 12, 02     July 05, 02
Circulation start date         July 12, 02     July 05, 02
Maturity date                  October 11, 02  October 04, 02
Days in circulation            91 days         91 days
Planned volume, KZT m          500.0           ( 0)
Number of Primary agents       10              (- 3)
Demand, KZT m                  1,052.9         (- 5,085.7)
WA yield on demand, % APR      5.89            ( 0)
Actual volume, KZT m           911.8           (-3,908.7)
Cut-off price, % of par value  98.56           ( 0)
WA price, % of par value       98.56           ( 0)
Maximum yield, % APR           5.84            ( 0)
Weighted average yield, % APR  5.84            ( 0)
Effective WA yield, % APR      5.97            ( 0)
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Relative to previous issue of notes (KZW1KD776873, notes-77 of July 10, 02) demand increased by KZT357.5m (1.5 times), actual volume of satisfied bids - by KZT345.8m (1.6 times), yield of bonds in effective terms rose from 5.86% APR to the value shown in the table.

[2002-07-12]