On July 1, 2010 the amount of debt of Kazakhstan, issued in the form of government securities together with servicing amounted to KZT2,804.3 billion ($19,017.5 million)
01.07.10 20:23
/IRBIS, July 1, 2010/ - On July 1 2010, the amount of public debt of Kazakhstan,
issued in the form of government securities (GSB), together with the service (the
sum of coupon payments) amounted at current prices KZT2,804.3 billion or the
equivalent of 19,017.5 million U.S. dollars rate of KZT146.78 per dollar. That
was the conclusion IRBIS experts in the analysis of their own databases. In
conducting this analysis, the amount of future payments on MEUZHKAM and
MUIKAM in calculating the consumer price index, which was recorded for the
period from June 2008 to July 2010.
From June 1 to 30, 2010 the total debt increased by KZT41.4 billion (-1.5%) or in
dollar terms - to $407.2 million (-2.1%). In May 2010, total debt increased by
KZT60.6 billion (-5.4%) or in dollar terms - to $399.1 million (-5.2%).
The following table provides more detailed information in KZT.
-------------------------------------------------------------
Sum and structure of debt
----------------------------
on 30.06.10 on 31.05.10
-------------- ----------- changes
over
the period
In bn. share, In bn. ------------
Issuer KZT % KZT bn. KZT %
------------------- ------- ------ - ----------- ------- ----
National bank 995.3 35.5 , 1,055.9 -60.5 -5.7
------------------- ------- ------ - ----------- ------- ----
Ministry of Finance 1,809.0 64.5 , 1,789.9 +19.1 +1.1
Including nominal 1,503.7 53.6 1,485.5 +18.3 +1.2
Including service 305.2 10.9 304.4 +0.9 +0.3
------------------- ------- ------ - ----------- ------- ----
Total 2,804.3 100.0 2,845.7 -41.4 -1.5
Including nominal 2,499.1 89.1 2,541.3 -42.3 -1.7
Including service 305.2 10.9 304.4 +0.9 +0.3
---------------------------------- - ------------------------
* USD as the currency of issue stated in the case when the nominal bond is
expressed in KZT, but the paper is indexed by the level of changes in exchange
rate of KZT to the USD.
Score equivalents at June 30, 2010 held at the rate of KZT147.46 per U.S. dollar
on May 31, 2010 - at the rate of 146.50, so the data in the table reflect the
dynamic, evolving others to and from exchange rate differences.
*Similar data in U.S. dollars as follows.
---------------------------------------------------------------
Sum and structure of debt
---------------------------
On 30.06.10 on 31.05.10
--------------- ----------- changes
over the period
over the period
In mln. share, In mln. ---------------
Issuer USD % USD mln. USD %
------------------- -------- ------ ----------- --------- -----
National bank 6,749.9 35.5 7,207.2 -457.4 -6.3
------------------- -------- ------ ----------- --------- -----
Ministry of Finance 12,267.6 64.5 12,217.4 +50.2 +0.4
Including nominal 10,197.6 53.6 10,073.7 +123.9 +1.2
Including service 2,070.0 10.9 2,064.1 +5.8 +0.3
------------------- -------- ------ ----------- --------- -----
Total 19,017.5 100.0 19,424.6 -407.2 -2.1
Including nominal 16,947.5 89.1 17,280.9 -333.5 -1.9
Including service 2,070.0 10.9 2,064.1 +5.8 +0.3
---------------------------------------------------------------
* USD as the currency of issue stated in the case when the nominal bond is
expressed in Tenge, but the paper is indexed by the level of changes in exchange
rate of tenge to the dollar.
According to data available to the IRBIS output GS of the National Bank of
Kazakhstan in June 2010 on the amounts of placement was KZT147,605.8 million
(in May - KZT268,959.7 million). In this case the issuer redeemed notes in the
amount KZT235,891.7 million (in May - KZT330,237.0 million). Thus, June
balance of net borrowing of National Bank on the government securities
market amounted to plus KZT61,285.7 million. The corresponding figure in
May is minus KZT61,277.3 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).
Ministry of Finance of the Republic of Kazakhstan has attracted over the period
KZT38,856.2 million (in May - KZT70,907.7 million) and made a payment of a
nominal value of bonds and the coupon for KZT26,680.4 million (in May -
KZT44,549.7 million). The June surplus net borrowing Ministry of Finance
estimated IRBIS plus KZT12,175.8 million (in April - plus KZT26,357.9 million).
In June 2010 the overall balance of net borrowing of Kazakhstan issuers GS
IRBIS estimated at plus KZT49,110.1 million. The corresponding figure in April
is minus KZT34,919.3 million.
Agency IRBIS draws the attention of subscribers and the media that the above
figures are not official statistics and were obtained from the analysis of the
information contained in the databases of agencies on the primary market of
government securities. As part of the internal bonds Base Agency reconciled data
provided IRBIS of the Central Securities Depository JSC (Almaty).
[2010-07-01]