National Bank notes-91 of 688th issue - floatation results

/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. ------------------------------------------------------------- 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) ------------------------------------------------------------- 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]