National Bank's notes-308 of 943rd issue - floatation results

/IRBIS, Elena Korpusenko, September 24, 04/ - Today the National Bank of Kazakhstan (NBK) held the 943rd 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-308 Notes-308 NIN KZW1KW449439 KZW1KW449173 KASE trade code NTK308_0943 NTK308_0917 IRBIS registration number 943/n 917/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Sept 24, 04 Apr 30, 04 Payment date Sept 24, 04 Apr 30, 04 Circulation start date Sept 24, 04 Apr 30, 04 Maturity date July 29, 05 Mar 04, 05 Days in circulation 308 308 Planned volume, KZT m 1,000.0 ( 0) Limits on uncompetitive, % 50 ( 0) Number of participants - Primary agents 10 (-6) Demand, KZT m 4,861.8 (-7,008.2) WA yield on demand, % APR 3.87 (-1.21) Actual volume, KZT m 3,223.0 (-7,924.0) Cut-off price, KZT 97.01 (+1.07) WA price, KZT 97.01 (+1.07) Maximum yield, % APR 3.65 (-1.36) Weighted average yield, % APR 3.65 (-1.36) Effective WA yield, % APR 3.65 (-1.36) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW509414, notes- 350 dated September 10, 04) demand decreased by KZT 7,429.7 m (2.5 times), actual volume of satisfied bids fell by KZT 6,208.0 m (2.9 times), effective yield of notes decreased from 3.96% APR to the value indicated in the table. [2004-09-24]