National Bank's notes-112 of #829th issue - floatation results

/IRBIS, July 3, 03/ - Today the National Bank of Kazakhstan (NBK) held the 829th auction for floatation of notes with KZT100 par value and 112-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. This is the first floatation of notes with such circulation term. ------------------------------------------------------ Type of the securities Notes-112 NSIN KZW1KW168294 KASE trade code NTK829.112 IRBIS registration number 829/n Par value, KZT 100.00 Times basis actual/365 Offering date (auction) July 3, 03 Settlement date July 3, 03 Circulation start date July 3, 03 Maturity date October 23, 03 Days in circulation 112 days Planned volume, KZT m 500.0 Number of participants - Primary agents 15 Demand, KZT m 21,885.0 WA yield on demand, % APR 5.27 Actual volume, KZT m 21,240.5 Cut-off price, KZT 98.41 WA price, KZT 98.41 Maximum yield, % APR 5.27 Weighted average yield, % APR 5.27 Effective WA yield, % APR 5.36 ------------------------------------------------------ Relative to the previous offering of notes (KZW1KD778283, notes-77 dated June 30, 03) demand grew by KZT16,989.3 m (4.5 times), actual volume of satisfied bids - by KZT16,604.2 m (4.6 times), yield of notes in effective expression - from 5.48% APR to the figure, which is shown in the table. Volume of money borrowed during the auction (equivalent of $143.7 m at the current exchange rate), as well as demand volume is absolute historic record in Kazakhstan for a single market offering of bonds (government and corporate) of one issue. [2003-07-03]