National Bank notes-77 of #693 issue - floatation results

/IRBIS, July 26, 02/ - Today the National Bank of Kazakhstan (NBK) held the 693rd auction for floatation of notes with KZT100 par value and 77 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-77 Notes-77 NSIN KZW1KD776931 KZW1KD776873 KASE trade code NTK693.077 NTK687.077 IRBIS registration number 693/N 687/N Par value, KZT 100.00 100.00 Offering date (auction) July 26, 02 July 10, 02 Settlement date July 26, 02 July 10, 02 Circulation start date July 26, 02 July 10, 02 Maturity date October 11, 02 September 25, 02 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 8 (- 2) Demand, KZT m 429.5 (- 265.9) WA yield on demand, % APR 6.03 (+ 0.14) Actual volume, KZT m 200.5 (- 365.5) Cut-off price, % of par value 98.80 ( 0) WA price, % of par value 98.80 ( 0) Maximum yield, % APR 5.74 ( 0) Weighted average yield, % APR 5.74 ( 0) Effective WA yield, % APR 5.87 ( 0) ------------------------------------------------------------- Relative to previous issue of notes (KZW1KD916917, notes-91 of July 19, 02) demand decreased by 798.2m tenge (2.9 times), actual volume of satisfied bids - by 728.4m tenge (4.6 times), yield of bonds in effective terms fell from 5.97% APR to value shown in the table. [2002-07-26]