National Bank's notes-175 of 923th issue - floatation results

/IRBIS, Sergey Yakovlev, June 4, 04/ - Today the National Bank of Kazakhstan (NBK) held the 923th 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-175 Notes-175 NIN KZW1KW259234 KZW1KW258939 KASE trade code NTK175_0923 NTK893.175 IRBIS registration number 923/n 893/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jun 4, 04 Jan 23, 04 Payment date Jun 4, 04 Jan 23, 04 Circulation start date Jun 4, 04 Jan 23, 04 Maturity date Nov 26, 04 Jul 16, 04 Days in circulation 175 175 Planned volume, KZT m 1 000,0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 14 (+7) Demand, KZT m 13,260.7 (+9,195.9) WA yield on demand, % APR 4.91 (-0.37) Actual volume, KZT m 12,068.4 (+9,101.7) Cut-off price, KZT 97.71 (+0.02) WA price, KZT 97.71 (+0.02) Maximum yield, % APR 4.89 (-0.04) Weighted average yield, % APR 4.89 (-0.04) Effective WA yield, % APR 4.95 (-0.04) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW489229, notes- 336 on May 8, 04) demand increased by KZT5,664.4 m (1.8 times), actual volume of satisfied bids - by KZT6,424.0 m (2.1 times), effective yield of notes decreased from 4.98%APR to the value indicated in the table. [2004-06-04]