/IRBIS, July 19, 02/ - Today the National Bank of Kazakhstan (NBK) held the 691st 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                           KZW1KD916917    KZW1KD916883
KASE trade code                NTK691.091      NTK688.091
IRBIS registration number      691/N           688/N
Par value, KZT                 100.00          100.00
Offering date (auction)        July 19, 02     July 12, 02
Settlement date                July 19, 02     July 12, 02
Circulation start date         July 19, 02     July 12, 02
Maturity date                  October 18, 02  October 11, 02
Days in circulation            91 days         91 days
Planned volume, KZT m          500.0           ( 0)
Number of Primary agents       5               (- 3)
Demand, KZT m                  1,227.6         (+ 174.7)
WA yield on demand, % APR      6.13            (+ 0.24)
Actual volume, KZT m           928.9           (+ 17.2)
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 (KZW1KD846908, notes-84 of July 18, 02) demand increased by KZT1,082.3m (8.5 times), actual volume of satisfied bids - by KZT803.4m (7.4 times), yield of bonds in effective terms decreased from 6.02% APR to the value shown in the table.

[2002-07-19]