National Bank's notes-322 of 927th issue - floatation results

/IRBIS, Sergey Yakovlev, July 1, 04/ - Today the National Bank of Kazakhstan (NBK) held the 927th auction on floatation of short-term notes. The auction was organized with additional floatation realized during the day. Following is complete results of floatation. ------------------------------------------------------------------- Type of the securities Notes-322 Notes-322 NIN KZW1KW469270 KZW1KW469015 KASE trade code NTK322_0927 NTK322_0901 IRBIS registration number 927/n 901/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jul 1, 04 Feb 20, 04 Payment date Jul 1, 04 Feb 20, 04 Circulation start date Jul 1, 04 Feb 20, 04 Maturity date May 19, 05 Jan 7, 05 Days in circulation 322 322 Planned volume, KZT m 1,000.00 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 11 (+2) Demand, KZT m 18 584.9 (+15 727.1) WA yield on demand, % APR 4.96 (-0.23) Actual volume, KZT m 15 396.0 (+12 842.2) Cut-off price, KZT 95.82 (+0.09) WA price, KZT 95.82 (+0.09) Maximum yield, % APR 4.94 (-0.12) Weighted average yield, % APR 4.94 (-0.12) Effective WA yield, % APR 4.94 (-0.12) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW489260, notes- 336 on June 24, 04) demand increased by KZT 10,938.2 m (2.4 times), actual volume of satisfied bids - by KZT 8,434.4 m (2.2 times), effective yield of notes fell from 4.98%APR to the value indicated in the table. [2004-07-01]