National Bank's notes-154 of #846th issue - floatation results

/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. ----------------------------------------------------------------- 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) ----------------------------------------------------------------- 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]