National Bank's notes-210 of #861th issue - floatation results

/IRBIS, October 3, 03/ - Today the National Bank of Kazakhstan (NBK) held the 861st auction for floatation of notes with KZT100 par value and 210-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 on floatation results. ----------------------------------------------------------------- Type of the securities Notes-210 Notes-210 NIN KZW1KW308619 KZW1KW308502 KASE trade code NTK861.210 NTK850.210 IRBIS registration number 861/n 850/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Oct 3, 03 August 8, 03 Payment date Oct 3, 03 August 8, 03 Circulation start date Oct 3, 03 August 8, 03 Maturity date Apr 30, 04 Apr 26, 04 Days in circulation 210 days 210 days Planned volume, KZT m 500.0 500.0 Number of participants - Primary agents 9 (-1) Demand, KZT m 1,088.0 (-4,545.6) WA yield on demand, % APR 5.41 (+0.37) Actual volume, KZT m 491.6 (-4,833.9) Cut-off price, KZT 97.21 (+0.01) WA price, KZT 97.21 (+0.01) Maximum yield, % APR 4.99 (-0.02) Weighted average yield, % APR 4.99 (-0.02) Effective WA yield, % APR 4.99 (-0.02) ----------------------------------------------------------------- Relative to the previous successful notes offering (KZW1KW238600, notes- 161 dated October 1, 03) demand decreased by KZT690.5 m (1.6 times), actual volume of satisfied bids - by KZT262.9 m (1.5 times), bonds' yield in effective expression increased from 4.97% APR to the figure, which shown in the table. The results of floatation point to the fact that the National Bank is minimizing the volumes of borrowing, giving way at primary market to more active the Ministry of Finance. The latter demonstrating rare for the current year interest in attracted resources, increasing the volume of borrowing and even raising the yield on its bonds. [2003-10-03]