National Bank's notes-301 of 882nd issue - floatation results

/IRBIS, December 22, 03/ - Today the National Bank of Kazakhstan (NBK) held the 882nd auction for floatation of short-term notes. The auction was conducted with additional floatation, realized during the day. Following is complete results of floatation and comparison with previous comparable auction. Notes with such maturity are floated for the first time. ----------------------------------------------------- Type of the securities Notes-301 NIN KZW1KW438820 KASE trade code NTK882.301 IRBIS registration number 882/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Dec 22, 03 Payment date Dec 22, 03 Circulation start date Dec 22, 03 Maturity date Oct 18, 04 Days in circulation 301 Planned volume, KZT m 1,000.00 Limits on uncompetitive, % 50 Number of participants - Primary agents 8 Demand, KZT m 1,530.1 WA yield on demand, % APR 5.29 Actual volume, KZT m 968.0 Cut-off price, KZT 96.00 WA price, KZT 96.00 Maximum yield, % APR 5.05 Weighted average yield, % APR 5.05 Effective WA yield, % APR 5.05 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW528794, notes- 266 dated December 19, 03) demand decreased by KZT6,591.4 mn (5.3 times), actual volume of satisfied bids - by KZT4,034.9 mn (5.32 times), effective yield of notes increased from 5.02% APR to the value shown in the table. [2003-12-22]