National Bank's notes-77 of #828th issue - floatation results

/IRBIS, June 30, 03/ - Today the National Bank of Kazakhstan (NBK) held the 828th 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 KZW1KD778283 KZW1KD778242 KASE trade code NTK828.077 NTK824.077 IRBIS registration number 828/n 824/n Par value, KZT 100.00 100.00 Times basis actual/365 actual/365 Offering date (auction) June 30, 03 June 19, 03 Settlement date June 30, 03 June 19, 03 Circulation start date June 30, 03 June 19, 03 Maturity date September 15, 03 September 4, 03 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 0 Number of participants - Primary agents 12 (+3) Demand, KZT m 4,896.1 (+ 318.0) WA yield on demand, % APR 5.42 (+ 0.05) Actual volume, KZT m 4,636.3 (+ 955.8) Cut-off price, KZT 98.88 ( 0) WA price, KZT 98.88 ( 0) Maximum yield, % APR 5.37 ( 0) Weighted average yield, % APR 5.37 ( 0) Effective WA yield, % APR 5.48 ( 0) -------------------------------------------------------------------------- * taking into account recalculation of to the basis actual/365 Relative to the previous offering of notes (KZW1KW228270, notes-154, June 27, 03) demand fell by KZT6,342.2 m (2.3 times), actual volume of satisfied bids - by KZT6,395.1 m (2.4 times), yield of notes in effective expression - from 5.50% APR to the figure, which is shown in the table. [2003-06-30]