National Bank's notes-322 of 901st issue - floatation results

/IRBIS, Sergey Yakovlev, February 20, 04/ - Today the National Bank of Kazakhstan (NBK) held the 901st auction on floatation of short-term notes. The auction was organized with additional floatation realized during the day. Following is complete results of floatation. ------------------------------------------------------------------- Type of the securities Notes-322 Notes-322 NIN KZW1KW469015 KZW1KW468975 KASE trade code NTK322_0901 NTK897.322 IRBIS registration number 901/n 897/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Feb 20, 04 Feb 6, 04 Payment date Feb 20, 04 Feb 6, 04 Circulation start date Feb 20, 04 Feb 6, 04 Maturity date Jan 7, 05 Dec 24, 04 Days in circulation 322 322 Planned volume, KZT m 1,000.00 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 9 (-2) Demand, KZT m 2 857.8 (-7,286.9) WA yield on demand, % APR 5.19 (+0.11) Actual volume, KZT m 2,553.8 (-7,466.3) Cut-off price, KZT 95.73 (0) WA price, KZT 95.73 (0) Maximum yield, % APR 5.06 (0) Weighted average yield, % APR 5.06 (0) Effective WA yield, % APR 5.06 (0) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW179002, notes- 119 on February 18, 04) demand fell down by KZT4,296.0 m (2.5 times), actual volume of satisfied bids - by KZT4,327.9 m (2.7 times), effective yield of notes increased from 4.81%APR to the value indicated in the table. [2004-02-20]