National Bank's notes-210 of #850ieth issue - floatation results

/IRBIS, August 29, 03/ - Today the National Bank of Kazakhstan (NBK) held the 850ieth auction for floatation of notes with KZT100 par value and 210-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. Notes with such circulation term are offered for the first time. ---------------------------------------------------- Type of the securities Notes-210 NIN KZW1KW308502 KASE trade code NTK850.210 IRBIS registration number 850/n Par value, KZT 100,00 Time basis actual/365 Offering date (auction) Aug 29, 03 Settlement date Aug 29, 03 Circulation start date Aug 29, 03 Maturity date Mar 26, 04 Days in circulation 210 day Planned volume, KZT m 500.0 Number of participants - Primary agents 10 Demand, KZT m 5,633.6 WA yield on demand, % APR 5.04 Actual volume, KZT m 5,325.6 Cut-off price, KZT 97.20 WA price, KZT 97.20 Maximum yield, % APR 5.01 Weighted average yield, % APR 5.01 Effective WA yield, % APR 5.01 ---------------------------------------------------- Relative to the previous successful notes offering (KZW1KW228494, notes- 154 dated August 27, 03) demand increased by KZT1,908.0 m. (1.5 times), actual volume of satisfied bids - by KZT2,926.3 m. (2.2 times), bonds' yield in effective expression increased from 4.97% APR to the figure, which is shown in the table. [2003-08-29]