National Bank's notes-217 of #869th issue - floatation results

/IRBIS, November 5, 03/ - Today the National Bank of Kazakhstan (NBK) held the 869th auction for floatation of notes with KZT100 par value and 217- 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. Notes with such circulation terms are issued for the first time. ----------------------------------------------------- Type of the securities Notes-217 NIN KZW1KW318691 KASE trade code NTK869.217 IRBIS registration number 869/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Nov 5, 03 Payment date Nov 5, 03 Circulation start date Nov 5, 03 Maturity date Jun 9, 04 Days in circulation 217 Planned volume, KZT m 1,000.00 Number of participants - Primary agents 13 Demand, KZT m 5,107.9 WA yield on demand, % APR 5.17 Actual volume, KZT m 4,304.3 Cut-off price, KZT 97.13 WA price, KZT 97.13 Maximum yield, % APR 4.97 Weighted average yield, % APR 4.97 Effective WA yield, % APR 4.97 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW348680, notes- 238 dated October 30, 03) the demand increased by KZT2,545.1 m (2.0 times), actual volume of satisfied bids -by KZT2,046.6 m (1.9 times), effective yield declined from 5.02%APR to the value shown in the table. [2003-11-05]