National Bank's notes-301 of 907th issue - floatation results

/IRBIS, Sergey Yakovlev, March 17, 04/ - Today the National Bank of Kazakhstan (NBK) held the 907th auction for 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 comparable issue. ------------------------------------------------------------------- Type of the securities Notes-301 Notes-301 NIN KZW1KW439075 KZW1KW438846 KASE trade code NTK301_0907 NTK884.301 IRBIS registration number 907/n 884/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Mar 17, 04 Dec 12, 03 Payment date Mar 17, 04 Dec 12, 03 Circulation start date Mar 17, 04 Dec 12, 03 Maturity date Jan 12, 05 Oct 22, 04 Days in circulation 301 301 Planned volume, KZT m 1,000.00 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 14 (+1) Demand, KZT m 10,405.0 (-1,839.1) WA yield on demand, % APR 5.09 (-0.02) Actual volume, KZT m 10,158.3 (-149.7) Cut-off price, KZT 96.00 (0) WA price, KZT 96.00 (0) Maximum yield, % APR 5.05 (0) Weighted average yield, % APR 5.05 (0) Effective WA yield, % APR 5.05 (0) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW529065, notes- 364 on March 12, 04) demand rose by KZT166.9 m (1.02 times), actual volume of satisfied bids - by KZT1,444.9 m (1.17 times), effective yield of notes went down from 5.08%APR to the value indicated in the table. [2004-03-17]