As of October 1, 2009 state debt of Kazakhstan, issued as GS, along with its servicing totaled KZT1,532.2 bn. or $10,150.6 mln

/IRBIS, October 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 KZT1,532.2 bn., or the equivalent of USD10,150.6 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 October 2008 to September 2009 inclusive. From September 1-30, 2009, the total debt in tenge equivalent fell by KZT92.6 bn. (-5.7 %) or to $624.2 million. (-5.8 taking into account change in the National Bank exchange rate). In August 2009 total debt increased by KZT131.7 bn. (+8.8 %), in the dollar equivalent - by $867.5 million (+8.8 %). The following table contains more detailed information. ---------------------------------------------------------------------------- Amount and structure of debt ---------------------------- Change as of for the *Currency of Sept. 30, 09 as of period ------------- ---------------- Aug. 31, 09 ---------------- Issuer issue service bn. KZT stake, % bn. KZT m. KZT % ---------------- ----- ------- ------- -------- ----------- ---------- ----- National Bank KZT KZT 181.5 11.8 225.7 -44,203.9 -19.6 ---------------- ----- ------- ------- -------- ----------- ---------- ----- Ministry of 1,350.7 88.2 1,399.1 -48,408.7 -3.5 Finance incl. face value KZT KZT 1,123.0 73.3 1,071.3 +51,669.0 +4.8 incl. servicing KZT KZT 227.7 14.9 327.8 -100,077.7 -30.5 ---------------- ----- ------- ------- -------- ----------- ---------- ----- TOTAL 1,532.2 100.0 1,624.8 -92,612.6 -5.7 incl. face value 1,304.5 85.1 1,297.0 +7,465.1 +0.6 incl. servicing 227.7 14.9 327.8 -100,077.7 -30.5 ---------------------------------------------------------------------------- * 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 September 30, 2009 were valuated at the rate of KZT150.95 per dollar, as of August 31, 2009 - at KZT150.80. 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 Sept. 30, 09 as of period ------------- ----------------- Aug. 31, 09 ---------------- Issuer issue service m. USD stake, % m. USD th. USD % ---------------- ----- ------- -------- -------- ----------- ---------- ----- National Bank KZT KZT 1,202.6 11.8 1,496.9 -294,325.5 -19.7 ---------------- ----- ------- -------- -------- ----------- ---------- ----- Ministry of 8,948.0 88.2 9,277.9 -329,913.3 -3.6 Finance incl. face value KZT KZT 7,439.3 73.3 7,097.0 +342,292.1 +4.8 incl. servicing KZT KZT 1,508.7 14.9 2,171.7 -662,985.8 -30.5 ---------------- ----- ------- -------- -------- ----------- ---------- ----- TOTAL 10,150.6 100.0 10,774.8 -624,238.8 -5.8 incl. face value 8,641.9 85.1 8,593.9 +47,966.6 +0.6 incl. servicing 1,508.7 14.9 2,171.7 -662,985.8 -30.5 ----------------------------------------------------------------------------- * 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 September 2009 by offering amount was KZT29,018.3 million. (in August - KZT176,154.4 million). At that, the issuer paid off its notes on secondary market to the sum of KZT73,417.4 million (in August - KZT108,072.4 million). Thus, in September the net-borrowing balance of the National Bank on GS market made up minus KZT44,399.1 million. The corresponding index in August made up plus KZT68,082.0 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 September KZT74,143.1 million. (in August - KZT73,956.7 million.) and paid face values of bonds and coupon payments to the sum of KZT26,243.1 million. (in August - KZT12,938.0 m.). September net- borrowing balance of the Ministry of Finance is estimated by IRBIS at plus KZT47,900.0 million. (in August - plus KZT61,018.6 million). Total September net-borrowing balance of all Kazakhstan GS issuers was estimated by IRBIS at plus KZT3,500.9 million. Similar indicator of August - plus KZT129,100.6 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). [2009-10-01]