PAMC OF KAZAKHSTAN CAN INVEST THEIR PENSION ASSETS IN MUNICIPAL BONDS OF ASTANA - NSC

/IRBIS, Dec.27, 99/ - By the resolution #526 of the Directorate of the National securities commission of Kazakhstan (NSC), dated December 25, 1999, pension assets management companies (PAMC) and CJSC "Gosudarstvennyi nakopitelnyi pensionnyi fond" are allowed to buy bonds of local executive body of Astana for pension assets. The resolution goes into effect on the date it is approved. These bonds will be issued on December 27, 1999 for 150 mln tenge and have NIN KZ71L2612A08. As it has been informed earlier, initial offering of the issue will be held in Trade system of KASE. After the adoption of NSC's resolution following companies (except other KASE members, mentioned in information message of the Exchange) are allowed to participate in the auction: - CJSC "Kompanya po upravleniu pensionnymi aktivami "Ak niet"; - CJSC "Kompanya Halyk Banka Kazakhstana po upravleniu pensionnymi aktivami"; - CJSC "Kompanya po upravleniu pensionnymi aktivami JETYSU"; - CJSC "Gosudarstvennyi nakopitelnyi pensionnyi fond". Any accumulative pension funds can submit their applications to buy bonds of Astana through these KASE members of category "K".