National Bank notes-49 of #782 issue - floatation results

/IRBIS, March 6, 03/ - Today the National Bank of Kazakhstan (NBK) held the 782nd auction for floatation of notes with KZT100 par value and 49-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-49 Notes-49 NSIN KZW1KD497827 KZW1KD497272 KASE trade code NTK782.049 NTK727.049 IRBIS registration number 782/N 727/N Par value, KZT 100.00 100.00 Offering date (auction) March 6, 03 Oct 24, 02 Settlement date March 6, 03 Oct 24, 02 Circulation start date March 6, 03 Oct 24, 02 Maturity date Apr 24, 03 Dec 12, 02 Days in circulation 49 days 49 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 12 (+ 5) Demand, KZT m 6 579.1 (+ 6,183.7) WA yield on demand, % APR 5.46 (- 0.23) Actual volume, KZT m 6,508.7 (+ 6,144.1) Cut-off price, KZT 99.27 (+ 0.01) WA price, KZT 99.27 (+ 0.01) Maximum yield, % APR 5.46 (- 0.08) Weighted average yield, % APR 5.46 (- 0.08) Effective WA yield, % APR 5.59 (- 0.08) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KD917816, notes-91 dated March 4, 2003) demand increased by KZT289.5 m (4.6%), actual volume of satisfied bids - by KZT347.3 m (5.5%), yield of notes in effective expression fell from 5.72% APR to the figure mentioned in the table. [2003-03-06]