National Bank's notes-350 of 941st issue - floatation results

/IRBIS, Sergey Yakovlev, September 10, 04/ - Today the National Bank of Kazakhstan (NBK) held the 941st 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-350 Notes-350 NIN KZW1KW509414 KZW1KW509281 KASE trade code NTK350_0941 NTK350_0928 IRBIS registration number 941/n 928/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Sep 10, 04 Jul 07, 04 Payment date Sep 10, 04 Jul 07, 04 Circulation start date Sep 10, 04 Jul 07, 04 Maturity date Aug 26, 05 Jun 22, 05 Days in circulation 350 350 Planned volume, KZT m 1,000.0 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 16 (+2) Demand, KZT m 12,291.4 (-834.1) WA yield on demand, % APR 4.04 (-0.80) Actual volume, KZT m 9,431.1 (-280.7) Cut-off price, KZT 96.34 (+0.04) WA price, KZT 96.34 (+0.04) Maximum yield, % APR 3.96 (-0.05) Weighted average yield, % APR 3.96 (-0.05) Effective WA yield, % APR 3.96 (-0.05) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW439406, notes- 301 dated August 31, 04) demand increased by KZT 538.4 m (4.6%), actual volume of satisfied bids fell by KZT 1,273.4 m (11.9%), effective yield of notes increased from 3.80% APR to the value indicated in the table. [2004-09-10]