National Bank notes-91 of #725 issue - floatation results

/IRBIS, October 18, 02/ - Today the National Bank of Kazakhstan (NBK) held the 725th 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 KZW1KD917253 KZW1KD917238 KASE trade code NTK725.091 NTK723.091 IRBIS registration number 725/N 723/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 18, 02 Oct 14, 02 Settlement date Oct 18, 02 Oct 14, 02 Circulation start date Oct 18, 02 Oct 14, 02 Maturity date Jan 17, 03 Jan 13, 03 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 7 (- 3) Demand, KZT m 1,797.9 (- 802.6) WA yield on demand, % APR 6.05 (+ 0.04) Actual volume, KZT m 1,690.3 (- 481.5) 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 (KZW1KD847245, notes-84 dated October 16, 2002) demand decreased by KZT3,773.3m (3.1 times), actual volume of satisfied bids - by KZT3,769.2m (3.2 times), bonds yield in effective expression went down from 6.02% APR to the figure mentioned in the table. [2002-10-18]