National Bank's notes-294 of 910th issue - floatation results

/IRBIS, Sergey Yakovlev, March 31, 04/ - Today the National Bank of Kazakhstan (NBK) held the 910th 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-294 NIN KZW1KW429100 KASE trade code NTK294_0910 IRBIS registration number 910/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Mar 31, 04 Payment date Mar 31, 04 Circulation start date Mar 31, 04 Maturity date Jan 19, 05 Days in circulation 294 Planned volume, KZT m 1,000.00 Limits on uncompetitive, % 50 Number of participants - Primary agents 12 Demand, KZT m 6,989.9 WA yield on demand, % APR 5.13 Actual volume, KZT m 6,743.7 Cut-off price, KZT 96.11 WA price, KZT 96.11 Maximum yield, % APR 5.02 Weighted average yield, % APR 5.02 Effective WA yield, % APR 5.02 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW529099, notes- 364 on March 26, 04) demand downs by KZT3,412.9 m (1.5 times), actual volume of satisfied bids - by KZT2,679.8 m (1.4 times), effective yield of notes fell from 5.08%APR to the value indicated in the table. [2004-03-31]