National Bank's notes-91 of #821st issue - floatation results

/IRBIS, June 16, 03/ - Today the National Bank of Kazakhstan (NBK) held the 821st auction for floatation of notes with KZT100 par value and 91-day circulation term. 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 offering data and comparison with previous comparable issue. ------------------------------------------------------------------------- Type of the securities Notes-91 Notes-91 NIN KZW1KD918210 KZW1KD918194 KASE trade code NTK821.091 NTK819.091 IRBIS registration number 821/n 819/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) June 16, 03 June 11, 03 Settlement date June 16, 03 June 11, 03 Circulation start date June 16, 03 June 11, 03 Maturity date September 15, 03 September 10, 03 Days in circulation 91 days 91 days Planned volume, KZT m 500.0 500.0 Number of participants - Primary agents 12 (- 3) Demand, KZT m 3,875.8 (- 1,407.2) WA yield on demand, % APR 5.49 (+0.08) Actual volume, KZT m 3,346.8 (- 1,737.1) Cut-off price, KZT 98.67 ( 0) WA price, KZT 98.67 ( 0) Maximum yield, % APR 5.41 ( 0) Weighted average yield, % APR 5.41 ( 0) Effective WA yield, % APR 5.52 ( 0) ------------------------------------------------------------------------- Relative to the previous successful notes offering (KZW1KW188201, notes- 126 dated June 13, 03) demand decreased by KZT1,398.3 m (1.4 times), actual volume of satisfied bids - by KZT1,730.6 m (1.5 times), bonds' yield in effective expression - from 5.50% APR to the figure, which is shown in the table. [2003-06-16]