National Bank notes-91 of #723 issue - floatation results

/IRBIS, October 14, 02/ - Today the National Bank of Kazakhstan (NBK) held the 723rd auction for floatation of notes with KZT100 par value and 91-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-91 Notes-91 NSIN KZW1KD917238 KZW1KD917204 KASE trade code NTK723.091 NTK720.091 IRBIS registration number 723/N 720/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 14, 02 Oct 8, 02 Settlement date Oct 14, 02 Oct 8, 02 Circulation start date Oct 14, 02 Oct 8, 02 Maturity date Jan 13, 03 Jan 7, 03 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 10 ( 0) Demand, KZT m 2,600.5 (+ 704.7) WA yield on demand, % APR 6.01 (- 0.16) Actual volume, KZT m 2,171.8 (+ 389.2) Cut-off price, KZT 98.56 ( 0) WA price, KZT 98.56 ( 0) Maximum yield, % APR 5.84 ( 0) Weighted average yield, % APR 5.84 ( 0) Effective WA yield, % APR 5.97 ( 0) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KD567223, notes-56 dated October 11, 2002) demand increased by KZT871.1m (50.4%), actual volume of satisfied bids - by KZT581.1m (36.5%), bonds yield in effective expression rose from 5.56% APR to the figure mentioned in the table. [2002-10-14]