National Bank notes-91 of #726 issue - floatation results

/IRBIS, October 23, 02/ - Today the National Bank of Kazakhstan (NBK) held the 726th 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 KZW1KD917261 KZW1KD917253 KASE trade code NTK726.091 NTK725.091 IRBIS registration number 726/N 725/N Par value, KZT 100.00 100.00 Offering date (auction) Oct 23, 02 Oct 18, 02 Settlement date Oct 23, 02 Oct 18, 02 Circulation start date Oct 23, 02 Oct 18, 02 Maturity date Jan 22, 03 Jan 17, 03 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 9 (+ 2) Demand, KZT m 779.8 (- 1,018.1) WA yield on demand, % APR 6.34 (+ 0.29) Actual volume, KZT m 286.9 (- 1,403.4) 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) ------------------------------------------------------------------- In the opinion of IRBIS specialists, the decrease of demand for notes has been caused by deficit of tenge, which had appeared at the market two days ago, that also influences "overnight" rates, which lately significantly increased. [2002-10-23]