National Bank's notes-126 of #814th issue - floatation results

/IRBIS, June 3, 03/ - Today the National Bank of Kazakhstan (NBK) held the 814th auction for floatation of notes with KZT100 par value and 126-day what is admitted by the new edition of "The rules of issue, floatation, circulation and redemption of short-term notes of the National Bank of Kazakhstan", which took effect since May 30 of 2003. Size of satisfaction of noncompetitive bids is 50% of specified amount. The auction was conducted with additional floatation, realized during the day. Following are complete data of offering. Notes with such the circulation term are floated first. ----------------------------------------------------- Type of the securities Notes-126 NIN KZW1KW188144 KASE trade code NTK814.126 IRBIS registration number 814/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) June 3, 03 Settlement date June 3, 03 Circulation start date June 3, 03 Maturity date Oct 7, 03 Days in circulation 126 days Planned volume, KZT m 500.0 Number of participants - Primary agents 14 Demand, KZT m 17,441.6 WA yield on demand, % APR 17.84 Actual volume, KZT m 14,443.8 Cut-off price, KZT 98.16 WA price, KZT 98.16 Maximum yield, % APR 5.43 Weighted average yield, % APR 5.43 Effective WA yield, % APR 5.43 ----------------------------------------------------- Relative to the previous successful notes offering (KZW1KD918137, notes- 91 dated May 30, 03) demand increased by KZT6,193.2 m (1.6 times), actual volume of satisfied bids - by KZT3,862.2 m (1.4 times), bonds' yield in effective expression decreased from 5.52% APR to the figure, which is shown in the table. Results of floatation are the evidence of the fact that market waited for new securities of the National bank and willingly admitted them. The very high demand was caused by excessive short-term tenge liquidity at the market, it significantly increased today due top big volume of dollar sales at KASE. [2003-06-03]