National Bank notes-91 of #706 issue - floatation results

/IRBIS, September 6, 02/ - Today the National Bank of Kazakhstan (NBK) held the 706th 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 KZW1KD917063 KZW1KD917048 KASE trade code NTK706.091 NTK704.091 IRBIS registration number 706/N 704/N Par value, KZT 100.00 100.00 Offering date (auction) Sep 6, 02 Aug 29, 02 Settlement date Sep 6, 02 Aug 29, 02 Circulation start date Sep 6, 02 Aug 29, 02 Maturity date Dec 6, 02 Nov 28, 02 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 9 ( 0) Demand, KZT m 3,315.9 (+ 1,099.3) WA yield on demand, % APR 5.97 (+ 0.08) Actual volume, KZT m 3,110.0 (+ 1,001.7) 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 the previous successful offering of notes (KZW1KD707050, notes-70 of September 4, 2002) demand increased by KZT876.7m (35.9%), actual volume of satisfied bids - by KZT1,074.2m (52.8%), bonds yield in effective expression rose from 5.81% APR to the figure mentioned in the table above. [2002-09-06]