National Bank's notes-98 of #826th issue - floatation results

/IRBIS, June 25, 03/ - Today the National Bank of Kazakhstan (NBK) held the 826th auction for floatation of notes with KZT100 par value and 98-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. Notes with such circulation term are offered for the first time. ----------------------------------------------------- Type of the securities Notes-98 NIN KZW1KD988262 KASE trade code NTK826.098 IRBIS registration number 826/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) June 25, 03 Settlement date June 25, 03 Circulation start date June 25, 03 Maturity date Oct 1, 03 Days in circulation 98 days Planned volume, KZT m 500.0 Number of participants - Primary agents 13 Demand, KZT m 7,479.9 WA yield on demand, % APR 5.41 Actual volume, KZT m 6,433.3 Cut-off price, KZT 98.57 WA price, KZT 98.57 Maximum yield, % APR 5.40 Weighted average yield, % APR 5.40 Effective WA yield, % APR 5.50 ----------------------------------------------------- Relative to the previous successful notes offering (KZW1KW188250, notes- 126 dated June 24, 03) demand increased by KZT3,384.4 m. (1.8 times), actual volume of satisfied bids - by KZT2,441.7 m. (1.6 times), bonds' yield in effective expression increased from 5.47% APR to the figure, which is shown in the table. [2003-06-25]