On August 21 next auction for additional offering of Eastern- Kazakhstan region municipal bonds will be held at KASE

/IRBIS, Aug 16, 01/ - The Kazakhstan Stock Exchange (KASE) reminds that on August 21, 2001 the next auction for initial additional offering of Eastern-Kazakhstan region first issue inscribed coupon bonds (KZ7051806A46, KASE trade code - VKU036.001; $100, KZT1bn, June 20, 01 - June 18, 04, semiannual coupon at 6.30% APR) will be held in the trade system of the KASE. Announced volume of additional offering at the auction is set at KZT3,946,717.45. The bids will be submitted at the auction on August 21, 2001 from 9:00AM till noon Almaty time in the trade system of the KASE. The bonds are floated at prices shown in submitted bids at a fixed coupon rate. The trades will be held over the clean price of the bonds, which is entered into the trade system of the KASE without accumulated interest in percents of the face value with two digit accuracy. Accumulated interest is 1.08739726% of the face value as of the additional offering date (6.3/365*63, where 6.3 is a coupon rate, 365 - calculation basis, 63 - number of days from the beginning of the circulation). The number of bonds is shown in face value. The bids are satisfied by the issuer by the results of the auction after conducting a cut-off procedure in increments of one hundredth of the price. The bids, where the prices are less than the cut-off price, will be removed. All bids, submitted at the price equal or more than the cut-off price, will be satisfied at the price shown in the bids. The issuer may satisfy all or part of the bids where the prices are equal to cut-off price. In this case, the bids are satisfied in submitted order. Only competitive bids are accepted at the auction. All settlements, related to the purchasing (including at the auction), servicing and maturity of the bonds are made in Kazakhstani tenges at official KZT/USD rate of the National Bank of Kazakhstan, effective on the dates preceding the payment dates. The payment date of the bonds purchased at the auction is August 21, 2001 till 4:00PM Almaty time.