National Bank's notes-301 of 940th issue - floatation results

/IRBIS, Sergey Yakovlev, August 31, 04/ - Today the National Bank of Kazakhstan (NBK) held the 940th 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-301 Notes-301 NIN KZW1KW439406 KZW1KW439075 KASE trade code NTK301_0940 NTK301_0907 IRBIS registration number 940/n 907/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Aug 31, 04 Mar 17, 04 Payment date Aug 31, 04 Mar 17, 04 Circulation start date Aug 31, 04 Mar 17, 04 Maturity date Jun 28, 05 Jan 12, 05 Days in circulation 301 301 Planned volume, KZT m 1 000.00 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 7 (-7) Demand, KZT m 11 753.1 (+1 348.1) WA yield on demand, % APR 3.81 (-1.28) Actual volume, KZT m 10 704.5 (+546.2) Cut-off price, KZT 96.96 (+0.96) WA price, KZT 96.96 (+0.96) Maximum yield, % APR 3.80 (-1.25) Weighted average yield, % APR 3.80 (-1.25) Effective WA yield, % APR 3.80 (-1.25) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW369397, notes- 252 dated August 25, 04) demand increased by KZT 7,139.5 m (2.6 times), actual volume of satisfied bids by KZT 7,884.1 m (3.8 times), effective yield of notes increased from 3.70% APR to the value indicated in the table. [2004-08-31]