National Bank's notes-112 of 904th issue - floatation results

/IRBIS, Sergey Yakovlev, March 2, 04/ - Today the National Bank of Kazakhstan (NBK) held the 904th auction on floatation of short-term notes. The auction was organized with additional floatation realized during the day. Following is complete results of floatation and comparison with previous corresponding issue. ----------------------------------------------------------------- Type of the securities Notes-112 Notes-112 NIN KZW1KW169045 KZW1KW168294 KASE trade code NTK112_0904 NTK829.112 IRBIS registration number 904/n 829/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Mar 2, 04 Jul 3, 03 Payment date Mar 2, 04 Jul 3, 03 Circulation start date Mar 2, 04 Jul 3, 03 Maturity date Jun 22, 04 Oct 23, 03 Days in circulation 112 112 Planned volume, KZT m 1,000.00 (+500.0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 12 (-3) Demand, KZT m 5,664.1 (-16,221.3) WA yield on demand, % APR 4.93 (-0.34) Actual volume, KZT m 2,144.1 (-19,096.4) Cut-off price, KZT 98.58 (+0.17) WA price, KZT 98.58 (+0.17) Maximum yield, % APR 4.69 (-0.58) Weighted average yield, % APR 4.69 (-0.58) Effective WA yield, % APR 4.77 (-0.59) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW529032, notes- 364 on February 27, 04) demand rose by KZT1,180.3 m (1.3 times), actual volume of satisfied bids fell by KZT2,037.9 m (1.9 times), effective yield of notes declined from 5.10%APR to the value indicated in the table. [2004-03-02]