National Bank's notes-182 of #843rd issue - floatation results

/IRBIS, August 5, 03/ - Today the National Bank of Kazakhstan (NBK) held the 843rd auction for floatation of notes with KZT100 par value and 182-day circulation term. Size of noncompetitive bids satisfaction is 50% of specified volume. The auction was conducted with additional floatation, realized during the day. Following are complete data of offering. ----------------------------------------------------------------- Type of the securities Notes-182 Notes-182 NIN KZW1KW268433 KZW1KW268409 KASE trade code NTK843.182 NTK840.182 IRBIS registration number 843/n 840/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Aug 5, 03 July 29, 03 Settlement date Aug 5, 03 July 29, 03 Circulation start date Aug 5, 03 July 29, 03 Maturity date Feb 3, 04 Jan 27, 04 Days in circulation 182 days 182 days Planned volume, KZT m 500.0 500.0 Number of participants - Primary agents 11 (- 1) Demand, KZT m 16,292.0 (+ 12,862.6) WA yield on demand, % APR 5.27 (- 0.17) Actual volume, KZT m 10,611.1 (+ 7,687.3) Cut-off price, KZT 97.47 (+ 0.06) WA price, KZT 97.47 (+ 0.06) Maximum yield, % APR 5.21 (- 0.12) Weighted average yield, % APR 5.21 (- 0.12) Effective WA yield, % APR 5.28 (- 0.12) ----------------------------------------------------------------- Relative to the previous successful notes offering (KZW1KW408419, notes- 280 dated August 1, 03) demand increased by KZT3,802.7 m (by 30.5%), actual volume of satisfied bids decreased by KZT839.9 m (by 7.3%), bonds' yield in effective expression decreased from 5.35% APR to the figure, which is shown in the table. Decrease of the current inflation level and distrust of market's participants in USD in presence of excessive liquidity of the banking sector resulted in the next growth o demand for notes and decrease of their yield. Judging on the demand volume, strengthening of dollar's positions relative to tenge is considered by banks' traders as a temporary phenomenon. [2003-08-05]