National Bank's notes-259 of 944th emission - floatation results

/IRBIS, Elena Korpusenko, September 30, 04/ - Today the National Bank of Kazakhstan (NBK) held the 944th 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-259 Notes-259 NIN KZW1KW379446 KZW1KW378901 KASE trade code NTK259_0944 NTK890.259 IRBIS registration number 944/n 890/n Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Sept 30, 04 Jan 14, 04 Payment date Sept 30, 04 Jan 14, 04 Circulation start date Sept 30, 04 Jan 14, 04 Maturity date Jun 16, 05 Sept 29, 04 Days in circulation 259 259 Planned volume, KZT m 1,000.00 (0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 9 (-6) Demand, KZT m 4,598.3 (-3,117.7) WA yield on demand, % APR 4.43 (-0.64) Actual volume, KZT m 3,229.6 (-3,813.0) Cut-off price, KZT 97.48 (+0.91) WA price, KZT 97.48 (+0.91) Maximum yield, % APR 3.64 (-1.37) Weighted average yield, % APR 3.64 (-1.37) Effective WA yield, % APR 3.64 (-1.37) ------------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW449439, notes- 308 dated September 24, 04) demand decreased by KZT 263.4 m (5.4%), actual volume of satisfied bids increased by KZT 6.6 m (0.2%), effective yield of notes decreased from 3.65% APR to the value indicated in the table. [2004-09-30]