National Bank's notes-315 of 947th emission - floatation results

/IRBIS, Elena Korpusenko, October 22, 04/ - Today the National Bank of Kazakhstan (NBK) held the 947th 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-315 NIN KZW1KW459479 KASE trade code NTK315_0947 IRBIS registration number 947/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Oct 22, 04 Payment date Oct 22, 04 Circulation start date Oct 22, 04 Maturity date Sept 2, 05 Days in circulation 315 Planned volume, KZT m 1,000.0 Limits on uncompetitive, % 50 Number of participants - Primary agents 15 Demand, KZT m 7,429.7 WA yield on demand, % APR 4.09 Actual volume, KZT m 4,067.2 Cut-off price, KZT 96.91 WA price, KZT 96.91 Maximum yield, % APR 3.69 Weighted average yield, % APR 3.69 Effective WA yield, % APR 3.69 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW339465, notes- 231 dated October 15, 04) demand increased by KZT 525.7 m (7.6%), actual volume of satisfied bids fell by KZT 1,507.2 m (27.0%), effective yield of notes increased from 3.62% to value indicated in the table. [2004-10-22]