National Bank's notes-308 of 891st issue - floatation results

/IRBIS, Sergey Yakovlev, January 16, 04/ - Today the National Bank of Kazakhstan (NBK) held the 891st auction for floatation of short-term notes. The auction was conducted with additional floatation, realized during the day. Following is complete results of floatation. Notes with a given term to maturity are offered for the first time. ------------------------------------------------------- Type of the securities Notes-308 NIN KZW1KW448910 KASE trade code NTK891.308 IRBIS registration number 891/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) January 16, 04 Payment date January 16, 04 Circulation start date January 16, 04 Maturity date November 19, 04 Days in circulation 308 Planned volume, KZT m 1,000.00 Limits on uncompetitive, % 50 Number of participants - Primary agents 9 Demand, KZT m 5,967.0 WA yield on demand, % APR 5.09 Actual volume, KZT m 5,750.9 Cut-off price, KZT 95.91 WA price, KZT 95.91 Maximum yield, % APR 5.05 Weighted average yield, % APR 5.05 Effective WA yield, % APR 5.05 ------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW378901, notes- 259 dated January 14, 04) demand decreased by KZT1,749.0 m (1.3 times), actual volume of satisfied bids - by KZT1,291.7 m (1.5 times), effective yield of notes grew from 5.01%APR to the value shown in the table . [2004-01-16]