National Bank notes-91 of 691th issue - floatation results

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