Notes-70 of the 957th issue of the National Bank of Kazakhstan - results of floatation

/IRBIS, Sergey Yakovlev, December 30, 04/ - Today National Bank of Kazakhstan conducted the 957th auction on floatation of short term notes. Auction was held with additional floatation, realized during a day. Below full results of floatations and comparison with previous comparable auction are given. ----------------------------------------------------------------- Type of the securities Notes-70 Notes-70 NIN KZW1KD709577 KZW1KD707951 KASE trade code NTK070_0957 NTK795.070 IRBIS registration number 957/n 795/N Par value, KZT 100.00 100.00 Time basis actual/365 actual/365 Offering date (auction) Dec. 30, 04 Apr. 9, 03 Payment date Dec. 30, 04 Apr. 9, 03 Circulation start date Dec. 30, 04 Apr. 9, 03 Maturity date March 10, 05 June 18, 03 Days in circulation 70 70 Planned volume, KZT m 1 000.0 (+500.0) Limits on uncompetitive, % 50 (0) Number of participants - Primary agents 12 (+3) Demand, KZT m 22 045.3 (+17 330.9) WA yield on demand, % APR 2.88 (-3.01) Actual volume, KZT m 20 386.5 (+16 368.0) Cut-off price, KZT 99.45 (+0.49) WA price, KZT 99.45 (+0.49) Maximum yield, % APR 2.88 (-2.60) Weighted average yield, % APR 2.88 (-2.58) Effective WA yield, % APR 2.91 (-2.67) ----------------------------------------------------------------- Relative to previous successful floatation of notes (KZW1KD499567, notes- 49 dated December 24,04) demand has decreased by KZT8,194.8 m. (by 27.1%), actual volume of satisfied bids - by KZT5,811.5 m. (by 22.2%), effective yield of notes in effective equivalent decreased from 2.95% APR to the above figure in the table. [2004-12-30]