National Bank's notes-35 of #714 issue - floatation results

/IRBIS, September 25, 02/ - Today the National Bank of Kazakhstan (NBK) held the 714th auction for floatation of notes with KZT100 par value and 35- day circulation term. Size of satisfaction of noncompetitive applications is 60% 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-35 Notes-35 NSIN KZW1KD357146 KZW1KD357112 KASE trade code NTK714.035 NTK711.035 IRBIS registration number 714/N 711/N Par value, KZT 100.00 100.00 Offering date (auction) Sep 25, 02 Sep 19, 02 Settlement date Sep 25, 02 Sep 19, 02 Circulation start date Sep 25, 02 Sep 19, 02 Maturity date Oct 30, 02 Oct 24, 02 Days in circulation 35 days 35 days Planned volume, KZT m 500.0 ( 0) Number of Primary agents 9 (- 1) Demand, KZT m 1 800.2 (- 154.6) WA yield on demand, % APR 5.54 (- 0.02) Actual volume, KZT m 1 432.4 (- 283.8) Cut-off price, % of par value 99.49 ( 0) WA price, % of par value 99.49 ( 0) Maximum yield, % APR 5.33 ( 0) Weighted average yield, % APR 5.33 ( 0) Effective WA yield, % APR 5.46 ( 0) --------------------------------------------------------- Relative to previous floatation of notes (KZW1KD427139, notes-42 dated September 24, 02) demand increased by KZT783.4m (77.1%), actual volume of satisfied bids - by KZT1,081.6m (308.3%) yield in effective expression increased from 5.45% % to the value mentioned in the table. [2002-09-25]