National Bank notes-35 of #773 issue - floatation results

/IRBIS, February 14, 03/ - Today the National Bank of Kazakhstan (NBK) held the 773rd auction for floatation of notes with KZT100 par value and 35- 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-35 Notes-35 NSIN KZW1KD357732 KZW1KD357302 KASE trade code NTK773.035 NTK730.035 IRBIS registration number 773/N 730/N Par value, KZT 100.00 100.00 Offering date (auction) Feb 14, 03 Nov 6, 02 Settlement date Feb 14, 03 Nov 6, 02 Circulation start date Feb 14, 03 Nov 6, 02 Maturity date March 21, 03 Dec 11, 02 Days in circulation 35 days 35 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 9 ( 0) Demand, KZT m 6,953.2 (+ 4,471.1) WA yield on demand, % APR 5.33 (- 0.11) Actual volume, KZT m 5,259.5 (+ 2,946.5) Cut-off price, KZT 99.50 (+ 0.01) WA price, KZT 99.50 (+ 0.01) Maximum yield, % APR 5.23 (- 0.10) Weighted average yield, % APR 5.23 (- 0.10) Effective WA yield, % APR 5.35 (- 0.11) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KD847724, notes-84 dated February 12, 2003) demand decreased by KZT3,972.6 m (by 36.4%), actual volume of satisfied bids - by KZT3,694.4 m (by 41.3%), notes' yield in effective expression fell from 5.78% APR to the figure, which is shown in the table. [2003-02-14]