National Bank's notes-308 of 912th issue - floatation results

/IRBIS, Sergey Yakovlev, April 9, 04/ - Today the National Bank of Kazakhstan (NBK) held the 912th 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-308 Notes-308 NIN KZW1KW449124 KZW1KW448910 KASE trade code NTK308_0912 NTK891.308 IRBIS registration number 912/n 891/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Apr 8, 04 Jan 16, 04 Payment date Apr 8, 04 Jan 16, 04 Circulation start date Apr 8, 04 Jan 16, 04 Maturity date Feb 10, 05 Nov 19, 04 Days in circulation 308 308 Planned volume, KZT m 1,000.0 ( 0) Limits on uncompetitive, % 50 ( 0) Number of participants - Primary agents 11 (+2) Demand, KZT m 11,028.3 (+5,061.3) WA yield on demand, % APR 5.05 (-0.04) Actual volume, KZT m 8,515.4 (+2,764.6) Cut-off price, KZT 95.93 (+0.02) WA price, KZT 95.93 (+0.02) Maximum yield, % APR 5.03 (-0.02) Weighted average yield, % APR 5.03 (-0.02) Effective WA yield, % APR 5.03 (-0.02) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW529115, notes- 364 dated April 2, 04) demand fell by KZT1,761.8 m (1.2 times), actual volume of satisfied bids - by KZT3,156.0 m (1.4 times), effective yield of notes went down from 5.08%APR to the value indicated in the table. [2004-04-09]