National Bank's notes-273 of 918th issue - floatation results

/IRBIS, Sergey Yakovlev, May 7, 04/ - Today the National Bank of Kazakhstan (NBK) held the 918th auction for floatation of notes. The auction was conducted with additional floatation, realized during the day. Following is complete results of floatation and comparison with previous relevant issue. ------------------------------------------------------------------- Type of the securities Notes-273 Notes-273 NIN KZW1KW399188 KZW1KW398966 KASE trade code NTK273_0918 NTK896.273 IRBIS registration number 918/n 896/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) May 07, 04 Feb 3. 04 Payment date May 07, 04 Feb 3. 04 Circulation start date May 07, 04 Feb 3. 04 Maturity date Feb 04, 05 Nov 2. 04 Days in circulation 273 273 Planned volume, KZT m 1 000.0 ( 0) Limits on uncompetitive, % 50 ( 0) Number of participants - Primary agents 16 (+2) Demand, KZT m 14 862.4 (+9 379.6) WA yield on demand, % APR 5.01 (-0.08) Actual volume, KZT m 12 527.2 (+7 279.3) Cut-off price, KZT 96.41 (+0.04) WA price, KZT 96.41 (+0.04) Maximum yield, % APR 4.98 (-0.06) Weighted average yield, % APR 4.98 (-0.06) Effective WA yield, % APR 4.98 (-0.06) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW449173, notes- 308 on April 30, 04, 917th - issue) demand increased by KZT2,992.5 m (1.3 times), actual volume of satisfied bids - by KZT1,380.2 m (1.1 times), effective yield of notes decreased from 5.01%APR to the value indicated in the table. [2004-05-07]