National Bank's notes-280 of 889th issue - floatation results

/IRBIS, Sergey Yakovlev, January 8, 04/ - Today the National Bank of Kazakhstan (NBK) held the 888th 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-280 Notes-280 NIN KZW1KW408898 KZW1KW408419 KASE trade code NTK889.280 NTK841.280 IRBIS registration number 889/n 841/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jan 8, 04 Aug 1, 03 Payment date Jan 8, 04 Aug 1, 03 Circulation start date Jan 8, 04 Aug 1, 03 Maturity date Oct 14, 04 May 7, 04 Days in circulation 280 280 Planned volume, KZT m 1,000.00 (+500.0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 14 (+2) Demand, KZT m 15,843.4 (+3,354.1) WA yield on demand, % APR 5.04 (-0.32) Actual volume, KZT m 14,833.3 (+3,382.3) Cut-off price, KZT 96.30 (+0.24) WA price, KZT 96.30 (+0.24) Maximum yield, % APR 5.01 (-0.34) Weighted average yield, % APR 5.01 (-0.34) Effective WA yield, % APR 5.01 (-0.34) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW268888, notes- 182 dated January 7, 04 issue #888) demand increased by KZT7,121.5 mn (1.8 times), actual volume of satisfied bids - by KZT7,164.9 mn (1.9 times), effective yield of notes increased from 4.95% APR to the value shown in the table. [2004-01-08]