KEGOK OJSC bonds of the first issue will be floated during next 73 days

/IRBIS, Aug. 7, 00/ - As it had been informed before, by the decision of KASE Exchange Council dated June 23, 2000 discount bonds of KEGOC OJSC (Astana) of the first issue (KZ73LAIVAA09, trade code of KASE - KEGCb) was included into official list of KASE securities, category "A". Issue conditions stipulated that floatation will be started on Aug. 1, 2000. Floatation period - 80 days. Circulation period - 91 days from the beginning of floatation. Bonds circulation will be finished 5 business days before redemption. KEGOK OJSC did not introduce its bonds on the market yet. Today KEGOK informed KASE that the company presently has substantial funds and plans to float securities later than on stated period. This decision does not contradict with conditions of bonds floatation, which stipulated that company could float bonds during 80 days after Aug. 1. Additional information will be given in that case. KEGOK has registered emission of bonds to attract circulating assets for reconstruction of power grid net and electric stations. Face value of bond is $100.00, planned emission volume is $2.5 mln at the exchange rate set by National Bank of Kazakhstan on the day of money transfer for redemption and payment purpose.