National Bank's notes-161 of #860th issue - floatation results

/IRBIS, October 01, 03/ - Today the National Bank of Kazakhstan (NBK) held the 860th auction for floatation of notes with KZT100 par value and 161-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. Notes with such circulation term are floated for the first time (issue #859 dated September 29, 03 failed). ----------------------------------------------------- Type of the securities Notes-161 NIN KZW1KW238600 KASE trade code NTK860.161 IRBIS registration number 860/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Oct 1, 03 Settlement date Oct 1, 03 Circulation start date Oct 1, 03 Maturity date Mar 10, 04 Days in circulation 161 days Planned volume, KZT m 500.0 Number of participants - Primary agents 5 Demand, KZT m 1,778.5 WA yield on demand, % APR 5.41 Actual volume, KZT m 754.5 Cut-off price, KZT 97.88 WA price, KZT 97.88 Maximum yield, % APR 4.91 Weighted average yield, % APR 4.91 Effective WA yield, % APR 4.97 ----------------------------------------------------- Relative to the previous successful notes offering (KZW1KW278572, notes- 189 dated September 24, 03) demand decreased by KZT2,175.8 m (2.2 times), actual volume of satisfied bids - by KZT1,916.9 m (3.5 times), bonds' yield in effective expression increased from 4.95% APR to the figure, which shown in the table. [2003-10-01]