National Bank's notes-252 of 924th issue - floatation results

/IRBIS, Sergey Yakovlev, June 10, 04/ - Today the National Bank of Kazakhstan (NBK) held the 924th 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-252 Notes-252 NIN KZW1KW369249 KZW1KW368704 KASE trade code NTK252_0924 NTK870.252 IRBIS registration number 924/n 870/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jun 10, 04 Nov 06, 04 Payment date Jun 10, 04 Nov 06, 04 Circulation start date Jun 10, 04 Nov 06, 04 Maturity date Feb 17, 05 Jul 17, 04 Days in circulation 252 252 Planned volume, KZT m 1 000.0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 17 (+9) Demand, KZT m 9 318.4 (+6 795.9) WA yield on demand, % APR 4.94 (-0.38) Actual volume, KZT m 7 945.4 (+6 170.6) Cut-off price, KZT 96.71 (+0.06) WA price, KZT 96.71 (+0.06) Maximum yield, % APR 4.93 (-0.09) Weighted average yield, % APR 4.93 (-0.09) Effective WA yield, % APR 4.93 (-0.09) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW259234, notes- 175 dated June 4, 04) demand fell by KZT3,942.3 m (1.4 times), actual volume of satisfied bids - by KZT4,122.9 m (1.5 times), effective yield of notes decreased from 4.95%APR to the value indicated in the table. [2004-06-10]