National Bank notes-84 of #690 issue - floatation results

/IRBIS, July 18, 02/ - Today the National Bank of Kazakhstan (NBK) held the 690th auction for floatation of notes with KZT100 par value and 84 day circulation term. Size of satisfaction of noncompetitive applications is 50% of specified amount. Auction was conducted with extra floatation, realized during the day. Following are issue parameters, auction results and comparison with the parameters of previous similar issue. ----------------------------------------------------------- Type of the securities Notes-84 Notes-84 NSIN KZW1KD846908 KZW1KD846668 KASE trade code NTK690.084 NTK666.084 IRBIS registration number 690/N 666/N Par value, KZT 100.00 100.00 Offering date (auction) July 18, 02 May 03, 02 Settlement date July 18, 02 May 03, 02 Circulation start date July 18, 02 May 03, 02 Maturity date October 10, 02 July 26, 02 Days in circulation 84 84 Planned volume, KZT m 500.0 ( 0) Number of Primary agents 7 (- 2) Demand, KZT m 145.3 (- 2,973.2) WA yield on demand, % APR 6.06 (- 0.49) Actual volume, KZT m 125.6 (- 2,011.6) Cut-off price, KZT 98.66 ( 0) WA price, KZT 98.66 ( 0) Maximum yield, % APR 5.89 ( 0) Weighted average yield, % APR 5.89 ( 0) Effective WA yield, % APR 6.02 ( 0) ----------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KD916883, notes- 91 of July 12, 02) demand decreased by KZT907.6m (7.6 times), actual volume of satisfied bids rose by KZT786.2m (7.3 times), yield in effective terms rose from 5.97% APR to the value shown in the table. [2002-07-18]