National Bank notes-91 of #704 issue - floatation results

/IRBIS, August 29, 02/ - Today the National Bank of Kazakhstan (NBK) held the 704th 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 KZW1KD917048 KZW1KD917022 KASE trade code NTK704.091 NTK700.091 IRBIS registration number 704/N 702/N Par value, KZT 100.00 100.00 Offering date (auction) Aug 29, 02 Aug 23, 02 Settlement date Aug 29, 02 Aug 23, 02 Circulation start date Aug 29, 02 Aug 23, 02 Maturity date Nov 28, 02 Nov 22, 02 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 9 ( 0) Demand, KZT m 2,216.6 (+ 903.1) WA yield on demand, % APR 5.89 (- 0.08) Actual volume, KZT m 2,108.2 (+ 1,040.9) 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 notes floatation (KZW1KD777038, notes-77 of August 28, 2002) bid grew by KZT785.9m (1.6 times), actual volume of satisfied bids - KZT802.0m (1.6 times), yield of notes in effective expression rose from 5.86% APR to the figure shown in the table. [2002-08-29]