As of September 1, 2009 state debt of Kazakhstan, issued as GS, along with its servicing totaled KZT 1 624.8 bn. or $10,774.8 mln

/IRBIS, September 1, 09/ / - As of September 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 KZT 1 624.8 bn., or the equivalent of $10,774.8 million. at the rate of KZT150.80 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 September 2008 to August 2009 inclusive. From August 1-31, 2009, the total debt in tenge equivalent increased by KZT 131.7 bn. (+8.8 %) or to $867.5 million. (+2.8 % taking into account change in the National Bank exchange rate). In July 2009 total debt grew by KZT 43.1 bn. (+3.0 %), in the dollar equivalent - by $267.1 million (+2.8 %). The following table contains more detailed information. ---------------------------------------------------------------------------- Amount and structure of debt Change ---------------------------- as of for the *Currency of July 31, 09 as of period ------------- ---------------- June 30, 09 ---------------- Issuer issue service bn. KZT stake, % bn. KZT m. KZT % ---------------- ----- ------- ------- -------- ----------- ---------- ----- National Bank KZT KZT 225.7 13.9 156.5 +69,278.0 +44.3 ---------------- ----- ------- ------- -------- ----------- ---------- ----- Ministry of 1,399.1 86.1 1,336.7 +62,428.8 +4.7 Finance incl. face value KZT KZT 1,071.3 65.9 1,007.3 +63,956.7 +6.3 incl. servicing KZT KZT 327.8 20.2 329.4 -1,527.9 -0.5 ---------------- ----- ------- ------- -------- ----------- ---------- ----- TOTAL 1,624.8 100.0 1,493.1 +131,706.7 +8.8 incl. face value 1,297.0 79.8 1,163.8 +133,234.6 +11.4 incl. servicing 327.8 20.2 329.4 -1,527.9 -0.5 ---------------------------------------------------------------------------- * 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 August 31, 2009 were valuated at the rate of KZT150.80 per dollar, as of July 30, 2009 - at KZT150.71. 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 July 31, 09 As of period ------------- ----------------- June 30,09 ---------------- Issuer issue service m. USD stake, % m. USD th. USD % ---------------- ----- ------- -------- -------- ---------- ---------- ----- National Bank KZT KZT 1,496.9 13.9 1,038.1 +458,783.3 +44.2 ---------------- ----- ------- -------- -------- ---------- ---------- ----- Ministry of 9,277.9 86.1 8,869.3 +408,690.6 +4.6 Finance incl. face value KZT KZT 7,104.1 65.9 6,679.9 +424,115.8 +6.3 incl. servicing KZT KZT 2,173.9 20.2 2,184.0 -10,131.9 -0.5 ---------------- ----- ------- -------- -------- ---------- ---------- ----- TOTAL 10,774.8 100.0 9,907.4 +867,473.9 +8.8 incl. face value 8,600.9 79.8 7,718.0 +882,899.1 +11.4 incl. servicing 2,173.9 20.2 2,184.0 -10,131.9 -0.5 ---------------------------------------------------------------------------- * 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 August 2009 by offering amount was KZT176 154.4 million. (in July - KZT132 831.9 million). At that, the issuer paid off its notes on secondary market to the sum of KZT 108 072.4 million (in July - KZT125 388.6 million). Thus, in July the net-borrowing balance of the National Bank on GS market made up plus KZT 68,082.0 million. The corresponding index in July made up minus KZT 7,443.3 million. (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 in July KZT 73,956.7 million. (in July - KZT 64 600.0 million.) and paid face values of bonds and coupon payments to the sum of KZT 12 938.0 million. (in July - KZT 27 144.1 m.). August net-borrowing balance of the Ministry of Finance is estimated by IRBIS at plus KZT 61 018.6 million. (in June - plus KZT 37 455.9 million). Total August net-borrowing balance of all Kazakhstan GS issuers was estimated by IRBIS at plus KZT 129 100.6 million. Similar indicator of July - plus KZT 44 899.2 million. 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). [2009-09-01]