National Bank's notes-77 of #824th issue - floatation results

/IRBIS, June 19, 03/ - Today the National Bank of Kazakhstan (NBK) held the 824th auction for floatation of notes with KZT100 par value and 77-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-77 Notes-77 NSIN KZW1KD778242 KZW1KD778069 KASE trade code NTK824.077 NTK806.077 IRBIS registration number 824/n 806/N Par value, KZT 100.00 100.00 Times basis actual/365 actual/364 Offering date (auction) June 19, 03 May 8, 03 Settlement date June 19, 03 May 8, 03 Circulation start date June 19, 03 May 8, 03 Maturity date September 4, 03 July 24, 03 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 ( 0) Number of participants - Primary agents 9 (- 3) Demand, KZT m 4,578.1 (- 9 439.9) WA yield on demand, % APR 5.37 (- 0.13) Actual volume, KZT m 3,680.5 (- 4,650.7) Cut-off price, KZT 98.88 (+ 0.02) WA price, KZT 98.88 (+ 0.02) Maximum yield, % APR 5.37 (- 0.10)* Weighted average yield, % APR 5.37 (- 0.10)* Effective WA yield, % APR 5.48 (- 0.10)* -------------------------------------------------------------------- * taking into account recalculation of to the basis actual/365 Relative to the previous offering of notes (KZW1KW188227, notes-126 dated June 18, 03) demand increased by KZT2,096.2 m (1.8 times), actual volume of satisfied bids - by KZT1,942.8 m (2.1 times), yield of notes in effective expression - from 5.47% APR to the figure, which is shown in the table. [2003-06-19]