National Bank's notes-273 of #871th issue - floatation results

/IRBIS, November 7, 03/ - Today the National Bank of Kazakhstan (NBK) held the 871st auction for floatation of notes with KZT100 par value and 273- 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 and comparison with previous comparable auction. ------------------------------------------------------------------- Type of the securities Notes-273 Notes-273 NIN KZW1KW398719 KZW1KW398628 KASE trade code NTK871.273 NTK862.273 IRBIS registration number 871/n 862/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Nov 7, 03 Oct 7, 03 Payment date Nov 7, 03 Oct 7, 03 Circulation start date Nov 7, 03 Oct 7, 03 Maturity date Aug 6, 04 Jul 6, 04 Days in circulation 273 273 Planned volume, KZT m 1,000.00 1,000.00 Number of participants - Primary agents 12 (+2) Demand, KZT m 5,105.2 (+2,921.1) WA yield on demand, % APR 5.12 (-0.20) Actual volume, KZT m 3,979.9 (+2,196.7) Cut-off price, KZT 96.37 (+0.03) WA price, KZT 96.37 (+0.03) Maximum yield, % APR 5.04 (-0.04) Weighted average yield, % APR 5.04 (-0.04) Effective WA yield, % APR 5.04 (-0.04) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW368704, notes- 252 dated November 6, 03) the demand increased by KZT2,582.8 m (2.0 times), actual volume of satisfied bids -by KZT2,205.1 m (2.2 times), effective yield increased from 5.02%APR to the value shown in the table. [2003-11-07]