On August 14 additional offering auction of first issue municipal bonds of Eastern Kazakhstan region will be held at KASE

/IRBIS, Aug 13, 01,/ - The Kazakhstan Stock Exchange (KASE) reminds, that on August 14, 2001 the additional offering auction of the first issue of inscribed coupon bonds of local executive body of Eastern- Kazakhstan region (VKO, first issue KZ7051806A46, trade code KASE - VKU036.001; $100, KZT1bn, June 20. 01 - June 18. 04, semi-annual coupon 6.30% APR) will be held in the Trade system of the KASE. Announced volume of additional offering at the auction - KZT3,946,717.45. The bids are made for the auction on August 14, 2001 in the Trade system of the KASE from 9:00AM to noon Almaty time. This time the bonds are offered at the prices in submitted bids at a fixed coupon rate. The subject of trade is clean price of the bonds, which is entered into the Trade system of the KASE without accumulated interest in percents to the face value with two decimal points. Accumulated interest on the offering date is 0.966575% of the bond face value (6.3/365*56, where 6.3 is coupon rate, 365 - calculation base, 56 - number of days from the circulation beginning date). The number of bonds is shown in their face value. The bids are satisfied by the issuer after the cut-off procedure made in increments of one hundredth of the price. The bids, where the prices are lower than the cut-off price, will be cut-off. All bids submitted at a price equal to or more than the cut-off price, will be satisfied at the price shown in the bids. The issuer can satisfy all or part of the bids where the prices are equal to the cut-off price. In this case the bids are satisfied in the order they have been placed. Only competitive bids are accepted at the auction. All settlements regarding the purchasing (including at the auction), servicing and repayment of the bonds are made in Kazakhstani tenges at official KZT/USD rate of the National Bank, effective on the dates preceding the settlement dates. The payment date for the bonds purchased at the auction is August 14, 2001 till 4:00PM Almaty time.