National Bank's notes-231 of 946th emission - floatation results

/IRBIS, Sergey Yakovlev, October 15, 04/ - Today the National Bank of Kazakhstan (NBK) held the 946th 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-231 NIN KZW1KW339465 KASE trade code NTK231_0946 IRBIS registration number 946/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Oct 15, 04 Payment date Oct 15, 04 Circulation start date Oct 15, 04 Maturity date Jun 3, 05 Days in circulation 231 Planned volume, KZT m 1,000.0 Limits on uncompetitive, % 50 Number of participants - Primary agents 13 Demand, KZT m 6,904.0 WA yield on demand, % APR 4.18 Actual volume, KZT m 5,574.4 Cut-off price, KZT 97.76 WA price, KZT 97.76 Maximum yield, % APR 3.62 Weighted average yield, % APR 3.62 Effective WA yield, % APR 3.62 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW369454, notes- 252 dated October 8, 04) demand decreased by KZT 3,616.0 m (34.4%), actual volume of satisfied bids - KZT 1,935.5 m (25.8%), effective yield of notes remained unchanged. [2004-10-15]