/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.

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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)
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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]