National Bank's notes-182 of 908th issue - floatation results

/IRBIS, Sergey Yakovlev, March 19, 04/ - Today the National Bank of Kazakhstan (NBK) held the 908th 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-182 Notes-182 NIN KZW1KW269084 KZW1KW268888 KASE trade code NTK182_0908 NTK888.182 IRBIS registration number 908/n 888/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Mar 19, 04 Jan 7, 04 Payment date Mar 19, 04 Jan 7, 04 Circulation start date Mar 19, 04 Jan 7, 04 Maturity date Sep 17, 04 Aug 7, 04 Days in circulation 182 182 Planned volume, KZT m 1,000.00 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 14 (-3) Demand, KZT m 5,556.5 (-3,165.4) WA yield on demand, % APR 4.99 (-0.03) Actual volume, KZT m 4,316.7 (-3,351.6) Cut-off price, KZT 97.60 (+0.01) WA price, KZT 97.60 (+0.01) Maximum yield, % APR 4.93 (-0.02) Weighted average yield, % APR 4.93 (-0.02) Effective WA yield, % APR 4.99 (-0.02) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW439075, notes- 301 on March 17, 04) demand fell down by KZT4,848.5 m (1.9 times), actual volume of satisfied bids - by KZT5,841.5 m (2.4 times), effective yield of notes went down from 5.05%APR to the value indicated in the table. [2004-03-19]