National Bank's notes-259 of #854ieth issue - floatation results

/IRBIS, September 12, 03/ - Today the National Bank of Kazakhstan (NBK) held the 854ieth auction for floatation of notes with KZT100 par value and 259-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. Notes with such circulation terms are introduced for the fist time. ---------------------------------------------------- Type of the securities Notes-259 NIN KZW1KW378547 KASE trade code NTK854.259 IRBIS registration number 854/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Sep 12. 03 Settlement date Sep 12. 03 Circulation start date Sep 12. 03 Maturity date May 28, 04 Days in circulation 259 day Planned volume, KZT m 500.0 Number of participants - Primary agents 12 Demand, KZT m 4,824.0 WA yield on demand, % APR 5.08 Actual volume, KZT m 3,600.9 Cut-off price, KZT 96.54 WA price, KZT 96.54 Maximum yield, % APR 5.05 Weighted average yield, % APR 5.05 Effective WA yield, % APR 5.05 ---------------------------------------------------- Relative to the previous successful notes offering (KZW1KW278531, notes- 189 dated September 10, 03) demand decreased by KZT4,750.8 m. (2.0 times), actual volume of satisfied bids decreased by KZT4,737.6 m. (2.3 times), bonds' yield in effective expression increased from 5.01% APR to the figure, which is shown in the table. [2003-09-12]