THE KAZAKHSTAN EURONOTES OF THIRD ISSUE APPEAR ON PLATFORM KASE

/IRBIS, Sep.29, 99/ - Since September 30 the Kazakhstan stock exchange (KASE) plans to allow quoting of recently placed Euronotes of Kazakhstan of the third issue in its trade system. As it was informed earlier, on September 27 Kazakhstan managed to place the next external liabilities on the sum of $200 million. The five years' Eurobonds are characterized by the annual coupon rate of 13.625% and were placed with 98.87% discount at the spread of +825 basic points to the five years' bonds of the USA Treasury. The bonds will circulate from October 18, 1999 and will be redeemed on October 18, 2004. Coupons will be paid on April 18 and October 18. KASE clears up the International identification number of the Euronotes, KASE's code is ENU04.10. Before the circulation beginning the Eurobonds will be quoted only in the system of direct quotations without transaction realization - with the purpose of determination of a real spread on republican home market. The rules of trades correspond to similar KASE tools: weekdays from 11:30 till 18:00 Almaty time. As IRBIS interrogation shows, the interest to the bonds on home market is great, especially among the pension funds.