National Bank's notes-154 of 902nd issue - floatation results

/IRBIS, Sergey Yakovlev, February 26, 04/ - Today the National Bank of Kazakhstan (NBK) held the 902nd 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-154 Notes-154 NIN KZW1KW229021 KZW1KW228494 KASE trade code NTK154_0902 NTK849.154 IRBIS registration number 902/n 849/n Par value, KZT 100,00 100,00 Time basis actual/365 actual/365 Offering date (auction) Feb 26, 04 Aug 27,03 Payment date Feb 26, 04 Aug 27,03 Circulation start date Feb 26, 04 Aug 27,03 Maturity date Jul 29, 04 Jan 28, 04 Days in circulation 154 154 Planned volume, KZT m 1,000.00 (+500.0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 15 (0) Demand, KZT m 5,466.7 (+1,741.0) WA yield on demand, % APR 5.01 (-0.07) Actual volume, KZT m 4,891.3 (+2,492.0) Cut-off price, KZT 97.98 (+0.01) WA price, KZT 97.98 (+0.01) Maximum yield, % APR 4.89 (-0.02) Weighted average yield, % APR 4.89 (-0.02) Effective WA yield, % APR 4.95 (-0.02) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW469015, notes- 322 on February 20, 04) demand appreciated by KZT2,608.9 m (1.91 times), actual volume of satisfied bids - by KZT2,337.5 m (1.92 times), effective yield of notes fell from 5.06%APR to the value indicated in the table. [2004-02-26]