National Bank's notes-294 of 938th issue - floatation results

/IRBIS, Sergey Yakovlev, August 20, 04/ - Today the National Bank of Kazakhstan (NBK) held the 938th 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-294 Notes-294 NIN KZW1KW429381 KZW1KW429100 KASE trade code NTK294_0938 NTK294_0910 IRBIS registration number 938/n 910/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Aug 20, 04 Mart 31, 04 Payment date Aug 20, 04 Mart 31, 04 Circulation start date Aug 20, 04 Mart 31, 04 Maturity date Jun 10, 05 Jan 01, 05 Days in circulation 294 294 Planned volume, KZT m 1 000.0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 5 (-7) Demand, KZT m 1 585.2 (-5 404.7) WA yield on demand, % APR 3.89 (-1.24) Actual volume, KZT m 1 246.6 (-5 497.1) Cut-off price, KZT 97.02 (+0.91) WA price, KZT 97.02 (+0.91) Maximum yield, % APR 3.81 (-1.21) Weighted average yield, % APR 3.81 (-1.21) Effective WA yield, % APR 3.81 (-1.21) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW529370, notes- 364 dated August 13, 04) demand decreased by KZT 7,299.1 m (5.6 times), actual volume of satisfied bids by KZT 6,036.5 m (5.8 times), effective yield of notes decreased from 4.00%APR to the value indicated in the table. [2004-08-20]