National Bank's notes-49 of #710 issue - floatation results

/IRBIS, September 18, 02/ - Today the National Bank of Kazakhstan (NBK) held the 710th auction for floatation of notes with KZT100 par value and 49- 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-49 Notes-49 NSIN KZW1KD497108 KZW1KD496548 KASE trade code NTK710.049 NTK654.049 IRBIS registration number 710/N 654/N Par value, KZT 100.00 100.00 Offering date (auction) Sep 18, 02 Apr 2, 02 Settlement date Sep 18, 02 Apr 3, 02 Circulation start date Sep 18, 02 Apr 3, 02 Maturity date Nov 6, 02 May 22, 02 Days in circulation 49 days 49 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 11 ( 0) Demand, KZT m 1,891.3 (+ 478.9) WA yield on demand, % APR 6.07 (- 2.57) Actual volume, KZT m 1,574.9 (+ 821.7) Cut-off price, % of par value 99.26 ( 0) WA price, % of par value 99.26 ( 0) Maximum yield, % APR 5.54 ( 0) Weighted average yield, % APR 5.54 ( 0) Effective WA yield, % APR 5.67 ( 0) --------------------------------------------------------- Relative to previous resulting floatation of notes (KZW1KD707092, notes-70 from Sep 13, 02) demand decreased by KZT696.0m (36.8%), actual volume of satisfied bids - by KZT586.9m (37.3%), bonds' yield in effective expression decreased from 5.81% APR to the level, which is mentioned in the table. [2002-09-18]