National Bank's notes-259 of 877th issue - floatation results

/IRBIS, December 5, 03/ - Today the National Bank of Kazakhstan (NBK) held the 877th auction for floatation of notes with KZT100 par value and 259- 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-259 Notes-259 NIN KZW1KW378778 KZW1KW378547 KASE trade code NTK877.259 NTK854.259 IRBIS registration number 859/n 854/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Dec 5, 03 Sep 12, 03 Payment date Dec 5, 03 Sep 12, 03 Circulation start date Dec 5, 03 Sep 12, 03 Maturity date Aug 20, 04 May 28, 04 Days in circulation 259 259 Planned volume, KZT m 1,000.00 (+500.0) Number of participants - Primary agents 14 (+2) Demand, KZT m 4,682.4 (-141.6) WA yield on demand, % APR 5.23 (+0.15) Actual volume, KZT m 3,053.8 (-547.1) Cut-off price, KZT 96.57 (+0.03) WA price, KZT 96.57 (+0.03) Maximum yield, % APR 5.01 (-0.04) Weighted average yield, % APR 5.01 (-0.04) Effective WA yield, % APR 5.01 (-0.04) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW528760, notes- 259 dated December 4, 03) demand decreased by KZT2,672.3 mn (1.6 times ), actual volume of satisfied bids - by KZT3,120.1 mn (2.0 times), effective yield of notes decreased from 5.10% APR to the value shown in the table. [2003-12-05]