National Bank notes-35 of #929 issue - floatation results

/IRBIS, Sergey Yakovlev, July 9, 04/ - Today the National Bank of Kazakhstan (NBK) held the 929th auction for floatation of short term notes. The auction was conducted with additional floatation, realized during the day. Following are complete offering data and comparison with previous similar issue. ------------------------------------------------------------------- Type of the securities Notes-35 Notes-35 NSIN KZW1KD359290 KZW1KD357732 KASE trade code NTK35_0929 NTK773.035 IRBIS registration number 929/n 773/N Par value, KZT 100.00 100.00 Time base actual/365 actual/365 Offering date (auction) July 9, 04 Feb 14, 03 Settlement date July 9, 04 Feb 14, 03 Circulation start date July 9, 04 Feb 14, 03 Maturity date Aug 13, 04 March 21, 03 Days in circulation 35 days 35 days Planned volume, KZT m 1 000.0 (+500.0) Limit on noncompetitive bids 50 (0) Number of participants - Primary agents 14 (+5) Demand, KZT m 9 285.5 (+2 332.3) WA yield on demand, % APR 3.56 (-1.77) Actual volume, KZT m 5 726.0 (+466.5) Cut-off price, KZT 99.72 (+0.22) WA price, KZT 99.72 (+0.22) Maximum yield, % APR 2.93 (-2.30) Weighted average yield, % APR 2.93 (-2.30) Effective WA yield, % APR 2.97 (-2.38) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KW509281, notes-350 dated July 7, 2004) demand decreased by KZT 3,840.0 m (1.4 times), actual volume of satisfied bids - by KZT 3,985.7 m (1.6 times), notes' yield in effective expression fell from 4.01% APR to the figure shown in the table. [2004-07-09]