National Bank notes-70 of #718 issue - floatation results

/IRBIS, October 4, 02/ - Today the National Bank of Kazakhstan (NBK) held the 718th 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 KZW1KD707183 KZW1KD707050 KASE trade code NTK718.070 NTK705.070 IRBIS registration number 718/N 705/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 4, 02 Sep 4, 02 Settlement date Oct 4, 02 Sep 4, 02 Circulation start date Oct 4, 02 Sep 4, 02 Maturity date Dec 13, 02 Nov 13, 02 Days in circulation 70 days 70 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 10 (+ 1) Demand, KZT m 1,992.2 (- 595.2) WA yield on demand, % APR 5.84 ( 0) Actual volume, KZT m 1,645.5 (- 516.2) Cut-off price, KZT 98.92 ( 0) WA price, KZT 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 the previous successful offering of notes (KZW1KD497173, notes-49 dated October 2, 2002) demand increased by KZT295.4m (17.4%), actual volume of satisfied bids - by KZT67.9m (4.3%), bonds yield in effective expression rose from 5.67% APR to the figure shown in the table. [2002-10-04]