National Bank's notes-91 of 895th issue - floatation results

/IRBIS, Sergey Yakovlev, January 30, 04/ - Today the National Bank of Kazakhstan (NBK) held the 895th auction for floatation of notes with KZT100 par and 91 day circulation term. The auction was conducted with additional floatation, realized during the day. Following is complete results of floatation and comparison to previous relevant issue. ------------------------------------------------------------------- Type of the securities Notes-91 Notes-91 NIN KZW1KD918954 KZW1KD918210 KASE trade code NTK895.91 NTK821.91 IRBIS registration number 895/n 821/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jan 30, 04 Jul 16, 03 Payment date Jan 30, 04 Jul 16, 03 Circulation start date Jan 30, 04 Jul 16, 03 Maturity date Apr 30, 04 Sep 15, 03 Days in circulation 91 91 Planned volume, KZT m 1 000.00 (+500.0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 14 (+2) Demand, KZT m 3 143.5 (-732.4) WA yield on demand, % APR 4.87 (-0.62) Actual volume, KZT m 2 366.2 (-980.7) Cut-off price, KZT 98.85 (+0.18) WA price, KZT 98.85 (+0.18) Maximum yield, % APR 4.67 (-0.74) Weighted average yield, % APR 4.67 (-0.74) Effective WA yield, % APR 4.75 (-0.77) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW398941, notes- 273 on January 28, 04, 894th issue) demand has fallen by KZT2,236.2 m (1.7 times), actual volume of satisfied bids - by KZT2,802.8 m (2.2 times), effective yield of notes decreased as well from 5.04%APR to the value indicated in the table. [2004-01-30]