National Bank's notes-273 of 875th issue - floatation results

/IRBIS, December 3, 03/ - Today the National Bank of Kazakhstan (NBK) held the 875th 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 results of floatation and comparison with previous comparable auction. ------------------------------------------------------------------- Type of the securities Notes-273 Notes-273 NIN KZW1KW398750 KZW1KW398719 KASE trade code NTK875.273 NTK871.273 IRBIS registration number 875/n 871/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Dec 3, 03 Oct 7, 03 Payment date Dec 3, 03 Oct 7, 03 Circulation start date Dec 3, 03 Oct 7, 03 Maturity date Sept 1, 04 July 6, 04 Days in circulation 273 273 Planned volume, KZT m 1,000.00 ( 0) Number of participants - Primary agents 14 (+2) Demand, KZT m 12,766.6 (+7,661.3) WA yield on demand, % APR 5.12 ( 0) Actual volume, KZT m 11,809.6 (+7,829.7) Cut-off price, KZT 96.37 ( 0) WA price, KZT 96.37 ( 0) Maximum yield, % APR 5.04 ( 0) Weighted average yield, % APR 5.04 ( 0) Effective WA yield, % APR 5.04 ( 0) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW348748, notes- 238 dated November 28, 03) demand decreased by KZT3,222.1 mn (by 20.1%), actual volume of satisfied bids - by KZT2,264.8 mn (by 16.1 %), effective yield of notes inclined from 4.97% APR to the value shown in the table. [2003-12-03]