As of July 1, 2009 state debt of Kazakhstan, issued as GS, along with its servicing totaled KZT1,450.0 bn. or $9,640.3 m.

/IRBIS, Dinara Mukasheva, July 8, 09/ - As of July 1, 2009, the total state debt of Kazakhstan, issued as government securities (GS), along with the servicing (the amount of coupon payments) made in current prices KZT1,450.0 bn., or the equivalent of $9,640.3 m. at the rate of KZT150.41 per a dollar. IRBIS specialists came to the conclusion after own databases analysis. During this analysis, the amounts of future payments on MEUJKAM and MUIKAM were calculated considering the consumer price index, which was fixed for the period from July 2008 to June 2009 inclusive. From June 1-31, 2009, the total debt in tenge equivalent increased by KZT5.0 bn. (+0.3 %) or by $35.5 m. (+0.4 % taking into account change in the National Bank exchange rate). In May 2009 total debt grew by KZT16.0 bn. (+1.1 %), in the dollar equivalent - by $124.2 m. (+1.3 %). The following table contains more detailed information. ------------------------------------------------------------------------ Amount and structure of debt Change -------------------------- as of for the *Currency of June 30, 09 as of period ------------- ---------------- May 31,09 -------------- Issuer issue service bn. KZT stake, % bn. KZT m. KZT % ---------------- ----- ------- ------- -------- --------- --------- ---- National Bank KZT KZT 148,7 10,3 148,8 -75,4 -0,1 ---------------- ----- ------- ------- -------- --------- --------- ---- Ministry of 1 301,3 89,7 1 296,2 +5 120,3 +0,4 Finance incl. face value KZT KZT 965,4 66,6 940,6 +24 867,7 +2,6 incl. servicing KZT KZT 335,8 23,2 355,6 -19 747,4 -5,6 ---------------- ----- ------- ------- -------- --------- --------- ---- TOTAL 1 450,0 100,0 1 444,9 +5 045,0 +0,3 incl. face value 1 114,1 76,8 1 089,3 +24 792,4 +2,3 incl. servicing 335,8 23,2 355,6 -19 747,4 -5,6 ------------------------------------------------------------------------ *USD is shown as issue currency also in case the face value of bond is expressed in tenge, but the security is indexed on the level of changing of the rate of tenge to US dollar. Equivalents as of June 30, 2009 were valuated at the rate of KZT150.41 per dollar, as of May 31, 2009 - at KZT150.44. Therefore, the data shown in the table reflect the dynamics emerging, besides all other factors, from the rate difference. Similar figures in U.S. dollars are given in the table as follows. -------------------------------------------------------------------------- Amount and structure of debt Change -------------------------- as of for the *Currency of Jun. 30, 09 As of period ------------- ---------------- May 31,09 ---------------- Issuer issue service m. USD stake, % m. USD th. USD % ---------------- ----- ------- ------- -------- --------- ---------- ----- National Bank KZT KZT 988,6 10,3 988,9 -303,9 -0,03 ---------------- ----- ------- ------- -------- --------- ---------- ----- Ministry of 8 651,6 89,7 8 615,9 +35 761,0 +0,4 Finance incl. face value KZT KZT 6 418,7 66,6 6 253,4 +165 333,0 +2,6 incl. servicing KZT KZT 2 232,9 23,2 2 364,2 -131 290,5 -5,6 ---------------- ----- ------- ------- -------- --------- ---------- ----- TOTAL 9 640,3 100,0 9 604,8 +35 457,1 +0,4 incl. face value 7 407,4 76,8 7 242,3 +165 029,1 +2,3 incl. servicing 2 232,9 23,2 2 364,2 -131 290,5 -5,6 -------------------------------------------------------------------------- *USD is shown as issue currency also in case the face value of bond is expressed in tenge, but the security is indexed on the level of changing of the rate of tenge to US dollar. According to the data of IRBIS, the issue volume of the National Bank's GS in June 2009 by offering amount was KZT100,000.0 m. (in May - KZT99,999.9 m.). At that, the issuer paid off its notes on secondary market to the sum of KZT100,396.3 m. (in May - KZT128,047.0 m.). Thus, in June the net-borrowing balance of the National Bank on GS market made up minus KZT396.3 m. The corresponding index in May made up minus KZT28,047.1 m. (the "minus" sign in the balance indicator means that the mentioned sum was withdrawn from issuer's budget and remained in investors, the "plus" sign - issuer borrowed more than redeemed). The Ministry of Finance borrowed KZT60,060.0 m. (in May - KZT52,538.9 m.) and paid face values of bonds and coupon payments to the sum of KZT36,961.8 m. (in May - KZT24,435.0 m.). June net-borrowing balance of the Ministry of Finance is estimated by IRBIS at plus KZT23,098.2 m. (in May - plus KZT28,103.9 m.). Total June net-borrowing balance of all Kazakhstan GS issuers was estimated by IRBIS at plus KZT22,701.9 m. Similar indicator of May - plus KZT56.8 m. IRBIS Agency draws attention of subscribers and the mass media that the data given below are not the official statistics and received as a result of the information analysis, containing in database of the agency on the primary GS market. In part of internal bonds the bases of the agency are adjusted by data provided to IRBIS by Central Securities Depository JSC (Almaty). [2009-07-08]