National Bank's notes-77 of #832nd issue - floatation results

/IRBIS, July 9, 03/ - Today the National Bank of Kazakhstan (NBK) held the 832nd 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 KZW1KD778325 KZW1KD778283 KASE trade code NTK832.077 NTK828.077 IRBIS registration number 832/n 828/n Par value, KZT 100.00 100.00 Times basis actual/365 actual/365 Offering date (auction) July 9, 03 June 30, 03 Settlement date July 9, 03 June 30, 03 Circulation start date July 9, 03 June 30, 03 Maturity date September 24, 03 September 15, 03 Days in circulation 77 days 77 days Planned volume, KZT m 500.0 500.0 Number of participants - Primary agents 13 12 Demand, KZT m 8 269.2 4,896.1 WA yield on demand, % APR 5.37 5.42 Actual volume, KZT m 7 172.7 4,636.3 Cut-off price, KZT 98.90 98.88 WA price, KZT 98.90 98.88 Maximum yield, % APR 5.27 5.37 Weighted average yield, % APR 5.27 5.37 Effective WA yield, % APR 5.38 5.48 --------------------------------------------------------------------------- * taking into account recalculation of to the basis actual/365 Relative to the previous offering of notes (KZW1KW188318, notes-126 dated July 7, 03) demand grew by KZT3,282.9 m (1.7 times), actual volume of satisfied bids - by KZT2,903.7 m (1.7 times), yield of notes in effective expression decreased from 5.41% APR to the figure, which is shown in the table. The National Bank continues to use high demand for bringing the yield of its bonds to a new figure of refinancing rate. [2003-07-09]