National Bank notes-56 of #722 issue - floatation results

/IRBIS, October 11, 02/ - Today the National Bank of Kazakhstan (NBK) held the 722nd auction for floatation of notes with KZT100 par value and 56-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-56 Notes-56 NSIN KZW1KD567223 KZW1KD566290 KASE trade code NTK722.056 NTK629.056 IRBIS registration number 722/N 629/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 11, 02 Feb 6, 02 Settlement date Oct 11, 02 Feb 7, 02 Circulation start date Oct 11, 02 Feb 8, 02 Maturity date Dec 6, 02 March 21, 02 Days in circulation 56 days 56 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 7 (- 2) Demand, KZT m 1,729.4 (- 1,532.5) WA yield on demand, % APR 5.51 (- 5.87) Actual volume, KZT m 1,590.7 (- 1,569.9) Cut-off price, KZT 99.17 ( 0) WA price, KZT 99.17 ( 0) Maximum yield, % APR 5.44 ( 0) Weighted average yield, % APR 5.44 ( 0) Effective WA yield, % APR 5.56 ( 0) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KD567223, notes-63 dated October 10, 2002) demand decreased by KZT83.7m (4.6%), actual volume of satisfied bids - by KZT103.8m (6.1%), bonds yield in effective expression went down from 5.79% APR to the figure mentioned in the table. [2002-10-11]