/IRBIS, August 15, 03/ - Today the National Bank of Kazakhstan (NBK) held the 846th auction for floatation of notes with KZT100 par value and 154-day circulation term. 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 offering.

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Type of the securities                  Notes-154    Notes-154
NIN                                     KZW1KW228460 KZW1KW228346
KASE trade code                         NTK846.154   NTK834.154
IRBIS registration number               846/n        834/n
Par value, KZT                          100,00       100.00
Time basis                              actual/365   actual/365
Offering date (auction)                 Aug 15, 03   July 11, 03
Settlement date                         Aug 15, 03   July 11, 03
Circulation start date                  Aug 15, 03   July 11, 03
Maturity date                           Jan 16, 04   Dec 12, 03
Days in circulation                     154 day      154 days
Planned volume, KZT m                   500.0        500.0
Number of participants - Primary agents 10           (-1)
Demand, KZT m                           2,934.6      (-7,289.4)
WA yield on demand, % APR               22.84        (+17.48)
Actual volume, KZT m                    7,571.8      (-2,425.5)
Cut-off price, KZT                      97.94        (+0.15)
WA price, KZT                           97.94        (+0.15)
Maximum yield, % APR                    4.99         (-0.37)
Weighted average yield, % APR           4.99         (-0.37)
Effective WA yield, % APR               5.05         (-0.38)
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Relative to the previous successful notes offering (KZW1KW528455, notes- 364 dated August 12, 03) demand decreased by KZT4,607.0 m (by 61.1%), actual volume of satisfied bids increased by KZT301.0 m (by 4.1%), bonds' yield in effective expression decreased from 5.23% APR to the figure shown in the table.

[2003-08-15]