National Bank's notes-350 of 928th issue - floatation results

/IRBIS, Sergey Yakovlev, July 7, 04/ - Today the National Bank of Kazakhstan (NBK) held the 928th 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-350 Notes-350 NIN KZW1KW509281 KZW1KW509257 KASE trade code NTK350_0928 NTK350_0925 IRBIS registration number 928/n 925/n Par value, KZT 100,00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jul 7 04 Jun 16, 04 Payment date Jul 7, 04 Jun 16, 04 Circulation start date Jul 7, 04 Jun 16, 04 Maturity date Jun 22, 05 Jun 01, 05 Days in circulation 350 350 Planned volume, KZT m 1 000,0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 14 (+4) Demand, KZT m 13 125.5 (+5 754.8) WA yield on demand, % APR 4.85 (-0.160) Actual volume, KZT m 9 711.8 (+4 109.7) Cut-off price, KZT 96.30 (+0.86) WA price, KZT 96.30 (+0.86) Maximum yield, % APR 4.01 (-0.97) Weighted average yield, % APR 4.01 (-0.97) Effective WA yield, % APR 4.01 (-0.97) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW469270, notes- 322 dated July 1, 04) demand fell by KZT 5,459.4 m (1.4 times), actual volume of satisfied bids - by KZT 5,684.2 m (1.6 times), effective yield fell from 4.94%APR to the value indicated in the table. [2004-07-07]