National Bank's notes-189 of #857th issue - floatation results

/IRBIS, September 24, 03/ - Today the National Bank of Kazakhstan (NBK) held the 857th auction for floatation of notes with KZT100 par value and 189- day circulation. Size of satisfaction of noncompetitive bids is 50% of specified amount. The auction was conducted with additional floatation, realized during the day. Following is complete data of offering and comparison with previous similar issue. ------------------------------------------------------------------- Type of the securities Notes-189 Notes-189 NIN KZW1KW278572 KZW1KW278531 KASE trade code NTK857.189 NTK853.189 IRBIS registration number 857/n 853/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Sep 24, 03 Sep 10, 03 Settlement date Sep 24, 03 Sep 10, 03 Circulation start date Sep 24, 03 Sep 10, 03 Maturity date March 31, 04 March 17, 04 Days in circulation 189 days 189 days Planned volume, KZT m 1,000.0 500.0 Number of participants - Primary agents 12 (0) Demand, KZT m 3,954.2 (-5,620.6) WA yield on demand, % APR 5.07 (+0.04) Actual volume, KZT m 2,671.4 (-5,667.2) Cut-off price, KZT 97.50 (+0.03) WA price, KZT 97.50 (+0.03) Maximum yield, % APR 4.95 (-0.06) Weighted average yield, % APR 4.95 (-0.06) Effective WA yield, % APR 4.95 (-0.06) ------------------------------------------------------------------- Relative to the previous successful notes offering (KZW1KW328559, notes- 224 dated September 15, 03) demand increased by KZT2,483.2 m (2.7 times), actual volume of satisfied bids - by KZT1,452.4 m (2.2 times), bonds' yield in effective expression decreased from 5.02% APR to the figure, which shown in the table. [2003-09-24]