Third issue municipal coupon bonds of Astana admitted to KASE

/KASE, Dec 19, 01/ - By the decision of the Board of the Kazakhstan Stock Exchange (KASE), based on the decision of the Exchange council of December 19, 2001 third issue inscribed coupon bonds of Astana were admitted to the Exchange. The issuer of the securities is the local executive body (akimat) of Satan of Kazakhstan. Financial consultants of the issuer: Fondovyi Servis CJSC (Almaty), Satan-finance OJSC (Satan), Company CAIFC CJSC (Almaty). Legal advisor of the issue and the issuer is KAZAKHSTAN LEGAL GROUP LLP (Almaty). Financial agent of the issuer - Kazakhstan Stock Exchange CJSC (Almaty). The register is maintained by Central Depository of Securities CJSC (Almaty). The market-maker of the bonds at KASE is Fondovyi Servis CJSC, the minimum volume of mandatory quotations is set at $3,000 at the face value of the debt. Following are the issue parameters announced by the issuer and its financial consultants. ------------------------------------------------------------------------------ Type of the securities inscribed coupon bond indexed against KZT/USD exchange rate fluctuation NIN KZZ2KY030032 KASE trade code ASU036.003 Issue currency U.S. dollar Servicing currency tenge of Kazakhstan Bond face value, USD 100.00 Announced issue volume, KZT 1,000,000,000.00 Circulation starts on Dec 27.01 Maturity date (planned / actual) Dec 25.04 / Dec 27.04 Circulation term 1,095 days (3 years) Coupon semiannual Coupon rate fixed Coupon payment dates (planned / actual) 1 June 26.02 / June 26.02 2 Dec 26.02 / Dec 26.02 3 June 26.03 / June 26.03 4 Dec 26.03 / Dec 26.03 5 June 25.04 / June 25.04 6 Dec 25.04 / Dec 27.04 Register is fixed for coupon and principal three business days before the payment date Issue servicing at the rate of the National Bank of Kazakhstan effective on the day preceding the payment day Calculation base actual/365 ------------------------------------------------------------------------------ The bonds are floated through a special trades at KASE, beginning from the face value at an increasing coupon, discounted price or the premium of the face value. By the results of the auction a single coupon rate is set. The bonds circulation starts on the day that follows the day when the money is transferred to the account of the issuer for the bonds purchased by the investors at special trades, and ends one business day ahead of the bonds maturity. The bonds will be repaid using the funds of local budget. Coupon is accrued from the day that follows the day when the money is transferred by the financial agent to the account of the issuer for the bonds purchased by the investors at initial offering, and continues throughout the circulation period, including the maturity day, at the rate specified by the issue terms. The coupon is paid on bonds by the issuer on 182nd and 365th days of corresponding circulation year. The last coupon is paid on the maturity day. If coupon payment day and maturity day of the bonds falls on week-end, then settlements will be made on the next business day. The bonds will be quoted in the trade system of the KASE at clean price (excluding accumulated interest) with four digit accuracy. December 27, 2001 is set as the beginning date of the trades at KASE for their secondary circulation. Additional information will be provided on the date and terms of special trades on initial offering of bonds at KASE.