National Bank's notes-252 of 939th issue - floatation results

/IRBIS, Elena Korpusenko, August 25, 04/ - Today the National Bank of Kazakhstan (NBK) held the 939th 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-252 Notes-252 NIN KZW1KW369397 KZW1KW369249 KASE trade code NTK252_0939 NTK252_0924 IRBIS registration number 924/n 924/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Aug 25, 04 Jun 10, 04 Payment date Aug 25, 04 Jun 10, 04 Circulation start date Aug 25, 04 Jun 10, 04 Maturity date May 04, 05 Feb 17, 05 Days in circulation 252 252 Planned volume, KZT m 1 000.0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 8 (-9) Demand, KZT m 4 613.5 (-4 704.9) WA yield on demand, % APR 3.93 (-1.01) Actual volume, KZT m 2 820.4 (-5 125.0) Cut-off price, KZT 97.51 (+0.80) WA price, KZT 97.51 (+0.80) Maximum yield, % APR 3.70 (-1.23) Weighted average yield, % APR 3.70 (-1.23) Effective WA yield, % APR 3.70 (-1.23) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW429381, notes- 294 dated August 20, 04) demand increased by KZT 3,028.3 m (2.9 times), actual volume of satisfied bids by KZT 1,573.8 m (2.3 times), effective yield of notes decreased from 3.81% APR to the value indicated in the table. [2004-08-25]