National Bank's notes-322 of 932th issue - floatation results

/IRBIS, Sergey Yakovlev, July 23, 04/ - Today the National Bank of Kazakhstan (NBK) held the 932nd 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 KZW1KW469320 KZW1KW469270 KASE trade code NTK322_0932 NTK322_0927 IRBIS registration number 932/n 927/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Jul 23, 04 Jul 1, 04 Payment date Jul 23, 04 Jul 1, 04 Circulation start date Jul 23, 04 Jul 1, 04 Maturity date June 10, 05 May 19, 05 Days in circulation 322 322 Planned volume, KZT m 1 000.0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 6 (-5) Demand, KZT m 1,760.0 (-16,825.0) WA yield on demand, % APR 4.72 (-0.24) Actual volume, KZT m 708.6 (-14,687.3) Cut-off price, KZT 96.66 (+0.84) WA price, KZT 96.66 (+0.84) Maximum yield, % APR 3.92 (-1.02) Weighted average yield, % APR 3.92 (-1.02) Effective WA yield, % APR 3.92 (-1.02) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KD359316, notes- 35 on July 16, 04) demand fell by KZT 3,595.6 m (3.0 times), actual volume of satisfied bids - by KZT 3,501.0 m (5.9 times), effective yield of notes increased from 2.97%APR to the value indicated in the table. [2004-07-23]