National Bank's notes-42 of #712 issue - floatation results

/IRBIS, September 20, 02/ - Today the National Bank of Kazakhstan (NBK) held the 712th auction for floatation of notes with KZT100 par value and 42- 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-42 Notes-42 NSIN KZW1KD427121 KZW1KD426859 KASE trade code NTK712.042 NTK685.042 IRBIS registration number 712/N 685/N Par value, KZT 100.00 100.00 Offering date (auction) Sep 20, 02 July 3, 02 Settlement date Sep 20, 02 July 4, 02 Circulation start date Sep 20, 02 July 4, 02 Maturity date Nov 1, 02 Aug 15, 02 Days in circulation 42 days 42 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 11 (- 1) Demand, KZT m 1,531.7 (- 2,448.8) WA yield on demand, % APR 5.49 ( 0) Actual volume, KZT m 1,327.2 (- 870.6) Cut-off price, % of par value 99.39 ( 0) WA price, % of par value 99.39 ( 0) Maximum yield, % APR 5.32 ( 0) Weighted average yield, % APR 5.32 ( 0) Effective WA yield, % APR 5.45 ( 0) --------------------------------------------------------- Relative to previous resulting floatation of notes (KZW1KD357112, notes-35 from Sep 19, 02) demand decreased by KZT423.1m (21.6%), actual volume of satisfied bids decreased by KZT389.1m (22.7%), bonds' yield in effective expression decreased from 5.46% APR to the level, which is mentioned in the table. [2002-09-20]