As of January 1, 2009 state debt of Kazakhstan, issued as GS, along with its servicing totaled KZT 2,029.9 bn. or $13,682.5 mln

/IRBIS, January 6, 09/ - As of January 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 2,029.9 bn., or the equivalent of USD 13,682.5 million and at the rate of KZT 148.36 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 February 2008 to December 2009 inclusive. From December 1-31, 2009, the total debt increased by KTZ 186.6 billion (+10.1%) or in dollar terms - to $ 1,287.9 million (+10.4%). In November 2009, total debt increased by KTZ 195.5 billion (+11.9%), in dollar terms to $ 1,462.9 million (+13.4%). The following table contains more detailed information. ------------------------------------------------------------------------ Amount and structure of debt Change ---------------------------- as of for the *Currency of Dec. 31, 09 as of period ------------- ---------------- Nov. 30, 09 ------------ Issuer issue service bn. KZT stake, % bn. KZT m. KZT % ---------------- ----- ------- ------- -------- ----------- ------ ----- National Bank KZT KZT 476.7 23.5 346.8 +130.0 +37.5 ---------------- ----- ------- ------- -------- ----------- ------ ----- Ministry of 1,553.2 76.5 1,496.6 +56.6 +3.8 Finance incl. face value KZT KZT 1,293.4 63.7 1,252.5 +40.9 +3.3 incl. servicing KZT KZT 259.8 12.8 244.1 +15.7 +6.4 ---------------- ----- ------- ------- -------- ----------- ------ ----- TOTAL 2,029.9 100.0 1,843.3 +186.6 +10.1 incl. face value 1,770.1 87.2 1,599.2 +170.9 +10.7 incl. servicing 259.8 12.8 244.1 +15.7 +6.4 ------------------------------------------------------------------------ * 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. Grade equivalents at December 31, 2009 held at the rate of KZT 148.36 per U.S. dollar on November 30, 2009 - at the rate of 148.72, and the data in the table reflect the dynamic, evolving besides of that and from exchange rate differences. 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 Dec. 31, 09 as of period ------------- ----------------- Nov. 30, 09 -------------- Issuer issue service m. USD stake, % m. USD th. USD % ---------------- ----- ------- -------- -------- ----------- -------- ----- National Bank KZT KZT 3,213.3 23.5 2,331.6 +881.7 +37.8 ---------------- ----- ------- -------- -------- ----------- -------- ----- Ministry of 10,469.3 76.5 10,063.1 +406.2 +4.0 Finance incl. face value KZT KZT 8,718.1 63.7 8,442.2 +275.9 +3.3 incl. servicing KZT KZT 1,751.2 12.8 1,645.3 +105.9 +6.4 ---------------- ----- ------- -------- -------- ----------- -------- ----- TOTAL 13,682.5 100.0 12,394.6 +1,287.9 +10.4 incl. face value 11,931.3 87.2 10,773.7 +1,157.6 +10.7 incl. servicing 1,751.2 12.8 1,645.3 +105.9 +6.4 --------------------------------------------------------------------------- * 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 data available to the IRBIS output GS National Bank in November 2009 on the amounts of placement was KTZ 167,550.5 million (in November - KTZ 238,214.9 million). In this case the issuer redeemed the notes in the amount of KTZ 38,682.1 million (in November - KTZ 123,048.1 million). Thus, the December balance of net borrowing of National Bank on the government securities market amounted to plus KTZ 128,868.4 million. This compares with November - plus 115,166.8 KTZ million (the minus sign in the exponent of balance means that the amount was withdrawn from the budget of the issuer and investors have stayed, "plus" - by the amount the issuer has taken more than repaid) . The Ministry of Finance has attracted during the period KTZ 78,745.4 million (in October - KTZ 66,731.5 million) and made a payment of par and the coupon payment of KTZ 41,206.2 million (in November - KTZ 12,536.5 million). In December balance of net borrowing was plus KTZ 37,539.2 million (in November - plus KTZ 63,866.5 million) in the Ministry of Finance estimated by IRBIS. In December 2009 the overall balance of net borrowing of Kazakhstan issuers GS IRBIS estimated at plus KTZ 166,407.6 million. The corresponding figure in October was plus KTZ 179,033.3 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). [2010-01-06]