National Bank's notes-238 of 936th issue - floatation results

/IRBIS, Sergey Yakovlev, August 12, 04/ - Today the National Bank of Kazakhstan (NBK) held the 936th auction for floatation of short-term 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 security Notes-238 Notes-238 NIN KZW1KW349365 KZW1KW348748 KASE trade code NTK238_0936 NTK874.238 IRBIS registration number 936/n 874/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Aug 12, 04 Nov 28, 03 Payment date Aug 12, 04 Nov 28, 03 Circulation start date Aug 12, 04 Nov 28, 03 Maturity date Apr 07, 05 Jul 23, 04 Days in circulation 238 238 Planned volume, KZT m 1 000.0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 12 (-4) Demand, KZT m 4 719.2 (-11 269.5) WA yield on demand, % APR 4.09 (-0.93) Actual volume, KZT m 3 169.2 (-10 905.2) Cut-off price, KZT 97.66 (+0.80) WA price, KZT 97.66 (+0.80) Maximum yield, % APR 3.67 (-1.30) Weighted average yield, % APR 3.67 (-1.30) Effective WA yield, % APR 3.67 (-1.30) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW259358, notes- 175 dated August 6, 04) demand decreased by KZT 4,568.9 m (2 times), actual volume of satisfied bids by KZT 5,546.4 m (2.8 times), effective yield of notes increased from 3.51%APR to the value indicated in the table. [2004-08-12]