National Bank's notes-175 of 893rd issue - floatation results

/IRBIS, Sergey Yakovlev, January 23, 04/ - Today the National Bank of Kazakhstan (NBK) held the 893rd 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 Ноты-175 NIN KZW1KW258939 KASE trade code NTK893.175 IRBIS registration number 893/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Jan 23, 04 Payment date Jan 23, 04 Circulation start date Jan 23, 04 Maturity date Jul 16, 04 Days in circulation 175 Planned volume, KZT m 1,000.00 Limits on uncompetitive, % 50 Number of participants - Primary agents 7 Demand, KZT m 4,064.9 WA yield on demand, % APR 5/28 Actual volume, KZT m 2,966.7 Cut-off price, KZT 97.69 WA price, KZT 97.69 Maximum yield, % APR 4.93 Weighted average yield, % APR 4.93 Effective WA yield, % APR 4.99 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW478925, notes- 329 on January 21, 04) demand felt down by KZT8,457.7 m (3.1 times), actual volume of satisfied bids - by KZT9,336.7 m (4.2 times), effective yield of notes declined from 5.07%APR to the value indicated in the table. [2004-01-23]