Results of additional offering auction of first issue municipal bonds of Eastern-Kazakhstan region

/KASE, Aug 21, 01, official press-release of the Exchange/ - On August 21, 2001 additional offering auction of the first issue coupon bonds of executive body of Eastern-Kazakhstan region (EKR) with 1,095 days circulation term (3 years) was held in the trade system of the Kazakhstan Stock Exchange (KASE). Announced offering volume - KZT3,946.2 th. Only competitive bids were accepted at the auction. The bonds have been placed by the issuer at discounted price. The trades were held over the clean price of the bonds (excluding the accumulated interest), expressed in percents of the face value. Following are the parameters of the issue and results of additional floatation. ------------------------------------------------------------------------------- ISSUE PARAMETERS ---------------------------------------------------- ------------------------- Type of the securities inscribed coupon bond, indexed towards KZT/USD exchange rate change NIN KZ7051806A46 KASE trade code VKU036.001 Face value, USD 100.00 Announced issue volume, KZT 1,000,000,000.00 Circulation starts on June 20, 01 Maturity date (structure / actual) June 18, 04 / June 18, 04 Circulation term 1,095 days (3 years) Coupon semiannual Coupon rate, % APR 6.30 Coupon payment dates (structure / actual) 1 Dec 18, 01 / Dec 18, 01 2 June 19, 02 / June 19, 02 3 Dec 18, 02 / Dec 18, 02 4 June 19, 03 / June 19, 03 5 Dec 18, 03 / Dec 18, 03 6 June 18, 04 / June 18, 04 Calculation base actual/365 ---------------------------------------------------- ------------------------- ADDITIONAL OFFERING TERMS ---------------------------------------------------- ------------------------- Auction date Aug 21, 01 Settlement date (till 4:00PM ALT) Aug 21, 01 Additional offering volume, KZT 3,946,717.45 Accumulated interest, % of face value 1.08740 Servicing exchange rate of settlement date (KZT/USD) 147.15 ---------------------------------------------------- ------------------------- ADDITIONAL OFFERING RESULTS ---------------------------------------------------- ------------------------- Volume of satisfied bids, bonds 270 Volume of satisfied bids, KZT (discount) 3,734,166.29 Prices, % of face value (clean): cut-off 92.9000 weighted average 92.9000 Yield to maturity, % APR (semiannual basis / annual basis): weighted average 9.2030 / 9.4146 ------------------------------------------------------------------------------- By the results of the auction, the issuer floated 94.6% of the planned issue volume at discounted price. One brokerage-dealing company participated at the auction.