/IRBIS, Sergey Yakovlev, July 30, 04/ - Today the National Bank of Kazakhstan (NBK) held the 934th auction on floatation of short-term notes. The auction was organized with additional floatation realized during the day. Following is complete results of floatation.

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Type of the securities                   Notes-42      Notes-42
NIN                                      KZW1KD429341  KZW1KD427758
KASE trade code                          NTK042_0934   NTK775.042
IRBIS registration number                934/n         775/n
Par value, KZT                           100.00        100.00
Time basis                               actual/365    actual/365
Offering date (auction)                  July 30, 04   Feb 18, 03
Payment date                             July 30, 04   Feb 18, 03
Circulation start date                   July 30, 04   Feb 18, 03
Maturity date                            Sep 10, 04    Apr 01, 03
Days in circulation                      42            42
Planned volume, KZT m                    1 000.0       (+500.0)
Limits on uncompetitive, %               50            (0)
Number of participants - Primary agents  15            (+8)
Demand, KZT m                            9 524.5       (+3 173.6)
WA yield on demand, % APR                3.14          (-2.19)
Actual volume, KZT m                     7 681.5       (+3 566.1)
Cut-off price, KZT                       99.66         (+0.26)
WA price, KZT                            99.66         (+0.26)
Maximum yield, % APR                     2.96          (-2.27)
Weighted average yield, % APR            2.96          (-2.27)
Effective WA yield, % APR                3.00          (-2.32)
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Relative to previous successful floatation of notes (KZW1KD989336, notes- 98 on July 29, 04) demand grew by KZT 5,358.1 m (2.3 times), actual volume of satisfied bids - by KZT 4,930.0 m (2.8 times), effective yield of notes fell from 3.27%APR to the value indicated in the table.

[2004-07-30]