National Bank's notes-266 of 885th issue - floatation results

/IRBIS, December 29, 03/ - Today the National Bank of Kazakhstan (NBK) held the 885th auction for floatation of short-term notes. The auction was conducted with additional floatation, realized during the day. Following is complete results of floatation. ----------------------------------------------------------------- Type of the securities Notes-266 Notes-266 NIN KZW1KW388850 KZW1KW388819 KASE trade code NTK885.266 NTK881.266 IRBIS registration number 885/n 881/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Dec 29, 03 Dec 19, 03 Payment date Dec 29, 03 Dec 19, 03 Circulation start date Dec 29, 03 Dec 19, 03 Maturity date Sep 20, 04 Oct 9, 04 Days in circulation 266 266 Planned volume, KZT m 1,000.00 ( 0) Limits on uncompetitive, % 50 ( 0) Number of participants - Primary agents 13 (+3) Demand, KZT m 5,554.5 (-2 567.0) WA yield on demand, % APR 5.08 (-0.13) Actual volume, KZT m 5,237.5 (+234.7) Cut-off price, KZT 96.47 ( 0) WA price, KZT 96.47 ( 0) Maximum yield, % APR 5.02 ( 0) Weighted average yield, % APR 5.02 ( 0) Effective WA yield, % APR 5.02 ( 0) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW438846, notes- 301 dated December 26, 03) demand decreased by KZT6,689.5 mn (2.2 times), actual volume of satisfied bids - by KZT5,070.4 mn (2 times), effective yield of notes decreased from 5.05% APR to the value shown in the table. [2003-12-29]