National Bank's notes-70 of #709 issue - floatation results

/IRBIS, September 13, 02/ - Today the National Bank of Kazakhstan (NBK) held the 709th auction for floatation of notes with KZT100 par value and 70- 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-70 Notes-70 NSIN KZW1KD707092 KZW1KD707050 KASE trade code NTK709.070 NTK705.070 IRBIS registration number 709/N 705/N Par value, KZT 100.00 100.00 Offering date (auction) Sep 13, 02 Sep 04, 02 Settlement date Sep 13, 02 Sep 04, 02 Circulation start date Sep 13, 02 Sep 04, 02 Maturity date Nov 22, 02 Nov 13, 02 Days in circulation 70 days 70 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 9 (- 2) Demand, KZT m 2,587.3 (+ 148.0) WA yield on demand, % APR 5.84 (- 0.10) Actual volume, KZT m 2,161.8 (+ 126.0) Cut-off price, % of par value 98.92 ( 0) WA price, % of par value 98.92 ( 0) Maximum yield, % APR 5.68 ( 0) Weighted average yield, % APR 5.68 ( 0) Effective WA yield, % APR 5.81 ( 0) --------------------------------------------------------- Relative to previous resulting floatation of notes (KZW1KD287087, notes-28 from Sep 12, 02) demand increased by KZT393.8m (18.0%), actual volume of satisfied bids - by KZT321.7m (17.5%), bonds' yield in effective expression increased from 5.49% APR to the level, which is mentioned in the table. [2002-09-13]