National Bank notes-49 of #717 issue - floatation results

/IRBIS, October 2, 02/ - Today the National Bank of Kazakhstan (NBK) held the 717th 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 KZW1KD497173 KZW1KD497108 KASE trade code NTK717.049 NTK710.049 IRBIS registration number 717/N 710/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 2, 02 Sep 18, 02 Settlement date Oct 2, 02 Sep 18, 02 Circulation start date Oct 2, 02 Sep 18, 02 Maturity date Nov 20, 02 Nov 6, 02 Days in circulation 49 days 49 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 7 (- 4) Demand, KZT m 1,696.8 (- 194.5) WA yield on demand, % APR 5.54 (- 0.53) Actual volume, KZT m 1,577.6 (+ 2.8) Cut-off price, KZT 99.26 ( 0) WA price, KZT 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 the previous successful offering of notes (KZW1KD357161, notes-35 dated September 30, 2002) demand increased by KZT753.3m (79.9%), actual volume of satisfied bids - by KZT809.0m (105.3%), bonds yield in effective expression went down from 5.46% APR to the figure mentioned in the table. [2002-10-02]