National Bank's notes-238 of 874th issue - floatation results

/IRBIS, November 28, 03/ - Today the National Bank of Kazakhstan (NBK) held the 874th auction for floatation of notes with KZT100 par value and 238- 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 results of floatation and comparison with previous comparable auction. ------------------------------------------------------------------- Type of the securities Notes-238 Notes-238 NIN KZW1KW348748 KZW1KW348680 KASE trade code NTK874.238 NTK868.238 IRBIS registration number 874/n 868/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Nov 28, 03 Oct 30, 03 Payment date Nov 28, 03 Oct 30, 03 Circulation start date Nov 28, 03 Oct 30, 03 Maturity date Jul 23, 04 Jun 24, 04 Days in circulation 238 238 Planned volume, KZT m 1,000.00 ( 0) Number of participants - Primary agents 16 (+6) Demand, KZT m 15,988.7 (+13,425.9) WA yield on demand, % APR 5.02 (-0.36) Actual volume, KZT m 14,074.4 (+11,816.6) Cut-off price, KZT 96.86 (+0.03) WA price, KZT 96.86 (+0.03) Maximum yield, % APR 4.97 (-0.05) Weighted average yield, % APR 4.97 (-0.05) Effective WA yield, % APR 4.97 (-0.05) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW528737, notes- 364 dated November 13, 03) demand increased by KZT10,796.5 mn (3.1 times), actual volume of satisfied bids - by KZT9,201.3 mn (2.9 times), effective yield of notes declined from 5.10% APR to the value shown in the table. [2003-11-28]