National Bank's notes-196 of 883rd issue - floatation results

/IRBIS, December 25, 03/ - Today the National Bank of Kazakhstan (NBK) held the 883rd auction for floatation of short-term notes. The auction was conducted with additional floatation, realized during the day. Notes with such circulation term are floated for the second time. The first auction held on September 19, 03 was canceled by the issuer due to non satisfactory price parameters, stated by dealers and investors. ----------------------------------------------------- Type of the securities Notes-196 NIN KZW1KW288837 KASE trade code NTK883.196 IRBIS registration number 883/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Dec 25, 03 Payment date Dec 25, 03 Circulation start date Dec 25, 03 Maturity date Aug 8, 04 Days in circulation 196 Planned volume, KZT m 1,000.00 Limits on uncompetitive, % 50 Number of participants - Primary agents 10 Demand, KZT m 3,033.4 WA yield on demand, % APR 5.07 Actual volume, KZT m 1,057.0 Cut-off price, KZT 97.41 WA price, KZT 97.41 Maximum yield, % APR 4.95 Weighted average yield, % APR 4.95 Effective WA yield, % APR 4.95 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW438820, notes- 301 dated December 22, 03) demand increased by KZT1,503.3 mn (1.9 times), actual volume of satisfied bids - by KZT89.0 mn (1.1 times), effective yield of notes increased from 5.05% APR to the value shown in the table. [2003-12-25]