National Bank's notes-252 of #870th issue - floatation results

/IRBIS, November 6, 03/ - Today the National Bank of Kazakhstan (NBK) held the 870th auction for floatation of notes with KZT100 par value and 252- 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-252 NIN KZW1KW368704 KASE trade code NTK870.252 IRBIS registration number 870/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Nov 6, 03 Payment date Nov 6, 03 Circulation start date Nov 6, 03 Maturity date July 15, 04 Days in circulation 252 Planned volume, KZT m 1,000.00 Number of participants - Primary agents 8 Demand, KZT m 2,522.5 WA yield on demand, % APR 5.32 Actual volume, KZT m 1,774.8 Cut-off price, KZT 96.65 WA price, KZT 96.65 Maximum yield, % APR 5.02 Weighted average yield, % APR 5.02 Effective WA yield, % APR 5.02 ---------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW318691, notes- 217 dated November 5, 03) the demand decreased by KZT2,585.4 m (2.2 times), actual volume of satisfied bids -by KZT2,529.5 m (2.4 times), effective yield increased from 4.97%APR to the value shown in the table. [2003-11-06]