National Bank's notes-126 of #822nd issue - floatation results

/IRBIS, June 18, 03/ - Today the National Bank of Kazakhstan (NBK) held the 822nd auction for floatation of notes with KZT100 par value and 126-day. 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 the offering and comparison with pervious comparable issue. ------------------------------------------------------------------- Type of the securities Notes-126 Notes-126 NIN KZW1KW188227 KZW1KW188201 KASE trade code NTK822.126 NTK820.126 IRBIS registration number 822/n 820/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) June 18, 03 June 13, 03 Settlement date June 18, 03 June 13, 03 Circulation start date June 18, 03 June 13, 03 Maturity date Oct 22, 03 Oct 17, 03 Days in circulation 126 days 126 days Planned volume, KZT m 500.0 500.0 Number of participants - Primary agents 14 (+1) Demand, KZT m 2,481.9 (-2,792.3) WA yield on demand, % APR 5.46 ( 0) Actual volume, KZT m 1,737.7 (-3,339.7) Cut-off price, KZT 98.17 (+0.01) WA price, KZT 98.17 (+0.01) Maximum yield, % APR 5.40 (-0.03) Weighted average yield, % APR 5.40 (-0.03) Effective WA yield, % APR 5.47 (-0.03) ------------------------------------------------------------------- Relative to the previous successful notes offering (KZW1KD918210, notes- 91 dated June 16, 03) demand decreased by KZT1,394.0 m. (1.6 times), actual volume of satisfied bids - by KZT1,609.1 m. (1.9 times), bonds' yield in effective expression decreased from 5.52% APR to the figure, which is shown in the table. [2003-06-18]