National Bank notes-35 of #931 issue - floatation results

/IRBIS, Sergey Yakovlev, July 16, 04/ - Today the National Bank of Kazakhstan (NBK) held the 931st 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 KZW1KD359316 KZW1KD359290 KASE trade code NTK35_0931 NTK35_0929 IRBIS registration number 931/n 929/n Par value, KZT 100,00 100.00 Time base actual/365 actual/365 Offering date (auction) July 16, 04 July 9, 04 Settlement date July 16, 04 July 9, 04 Circulation start date July 16, 04 July 9, 04 Maturity date Aug 20, 04 Aug 13, 04 Days in circulation 35 days 35 days Planned volume, KZT m 1 000.0 (0) Limit on noncompetitive bids 50 (0) Number of participants - Primary agents 14 (0) Demand, KZT m 5 355.6 (-3 929.9) WA yield on demand, % APR 3.14 (-0.42) Actual volume, KZT m 4 209.7 (-1 516.4) Cut-off price, KZT 99.72 (0) WA price, KZT 99.72 (0) Maximum yield, % APR 2.93 (0) Weighted average yield, % APR 2.93 (0) Effective WA yield, % APR 2.97 (0) ------------------------------------------------------------------- Relative to the previous successful offering of notes (KZW1KW399303, notes-273 dated July 14, 2004) demand decreased by KZT 841.3 m (1.2 times), actual volume of satisfied bids - by KZT 757.4 m (1.2 times), notes' yield in effective expression fell from 3.78% APR to the figure shown in the table. [2004-07-16]