As of February 1, 2002 total state debt of Kazakhstan, issued as GS, equaled KZT330.6bn or $2,184.9m along with servicing

/IRBIS, Feb 4, 02/ - At midnight on January 31, 2002 total state debt of Kazakhstan, issued as government securities (GS), including municipal bonds, along with the servicing equaled KZT330.6bn, or $2,184.9m at KZT151.30 per dollar rate. The specialists of IRBIS came to this conclusion after making the analysis on the database of the agency. From January 1 through 31, 2002 total debt increased by KZT5,095.5m (1.55%), or $17,683.5 th. (0.82%, taking into account weekly change in the rate of the National Bank). Correspondign figures of December 2001 were +KZT5,046.6m (+1.57%) or +$9,899.9 th. The increase in January 2002 was attributable mainly to: - 35% to increase in debt of National Bank on short-term notes (due to a positive net borrowing balance of the bank on primary market); - 31% to increase in face value of the debt of the Ministry of Finance on domestic GS (due to a positive net borrowing balance of the minisry on primary market); - 29% to increase in face value and servicing of external debt of the Ministry of Finance due to a exchange rate difference. Following table contains more detailed information. ------------------------------------------------------------------------------- Amount and structure of debt ---------------------------- as of Currency of Jan 31.02 as of Weekly change --------------- ------------------ Dec 31.01 -------------- Issuer issue servicing bn KZT share, % bn KZT m KZT % ------------------- ----- --------- -------- --------- --------- -------- ----- National Bank KZT KZT 19.565 5.9 17.797 +1,768.5 +9.9 ------------------- ----- --------- -------- --------- --------- -------- ----- Ministry of Finance 303.924 91.9 300.685 +3,239.5 +1.1 incl. face value 219.789 66.5 217.166 +2,623.1 +1.2 also, domestic GS KZT KZT 72.272 21.9 70.721 +1,550.6 +2.2 also, euronotes USD USD 147.518 44.6 146.445 +1,072.5 +0.7 incl. Servicing 84.135 25.5 83.519 +616.4 +0.7 (interest) also, domestic GS KZT KZT 30.291 9.2 30.066 +224.9 +0.7 also, euronotes USD USD 53.844 16.3 53.452 +391.5 +0.7 ------------------- ----- --------- -------- --------- --------- -------- ----- Municipals USD KZT 7.089 2.1 7.037 +51.5 +0.7 incl. face value USD KZT 5.850 1.8 5.808 +42.5 +0.7 incl. Servicing 1.238 0.37 1.229 +9.0 +0.7 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- -------- ----- incl. Astana akimat USD KZT 2.322 0.70 2.305 +16.9 +0.7 also, face value USD KZT 1.946 0.59 1.932 +14.1 +0.7 also, servicing 0.376 0.11 0.373 +2.7 +0.7 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- -------- ----- incl. Atyrau 3.508 1.06 3.482 +25.5 +0.7 region akimat USD KZT also, face value USD KZT 2.816 0.85 2.796 +20.5 +0.7 also, servicing 0.691 0.21 0.686 +5.0 +0.7 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- -------- ----- incl. E-Kz region 1.259 0.38 1.250 +9.2 +0.7 akimat USD KZT also, face value USD KZT 1.088 0.33 1.080 +7.9 +0.7 also, servicing 0.171 0.05 0.170 +1.2 +0.7 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- -------- ----- TOTAL 330.578 100.0 325.518 +5,059.5 +1.55 incl. face value 245.204 74.2 240.770 +4,434.1 +1.8 incl. Servicing 85.373 25.8 84.748 +625.4 +0.74 ------------------- ----- --------- -------- --------- --------- -------- ----- OR ------------------- ----- --------- -------- --------- --------- -------- ----- incl. internal 129.216 39.1 125.621 +3,595.5 +2.9 debt (KZT) also, face value 97.687 29.6 94.325 +3,361.6 +3.6 also, servicing 31.529 9.5 31.295 +233.9 +0.7 ------------------- ----- --------- -------- --------- --------- -------- ----- incl. external 201.361 60.9 199.897 +1,464.0 +0.7 debt (USD) also, face value 147.518 44.6 146.445 +1,072.5 +0.7 also, servicing 53.844 16.3 53.452 +391.5 +0.7 ------------------------------------------------------------------------------- The equivalent amounts as of Dec 31, 01 were calculated at KZT150.20 per dollar rate, as of Jan 31, 02 - at KZT151.30. Therefore, the data shown in the table reflect the dynamics due to the exchange rate differences. Similar figures in U.S. dollars are given in the following table. -------------------------------------------------------------------------------- Amount and structure of debt ---------------------------- Weekly as of Currency of Jan 31.02 as of change --------------- ------------------ Dec 31.01 --------------- Issuer issue servicing m USD share, % m USD th. USD % ------------------- ----- --------- -------- --------- --------- --------- ----- National Bank KZT KZT 129.3 5.9 118.5 +10,827.0 +9.1 ------------------- ----- --------- -------- --------- --------- --------- ----- Ministry of Finance 2,008.8 91.9 2,001.9 +6,856.4 +0.3 incl. face value 1,452.7 66.5 1,445.8 +6,825.0 +0.5 also, domestic GS KZT KZT 477.7 21.9 470.8 +6,825.0 +1.4 also, euronotes USD USD 975.0 44.6 975.0 0 0 incl. Servicing 556.1 25.5 556.0 +31.4 +0.0 (interest) also, domestic GS KZT KZT 200.2 9.2 200.2 +31.4 +0.0 also, euronotes USD USD 355.9 16.3 355.9 0 0 ------------------- ----- --------- -------- --------- --------- --------- ----- Municipals USD KZT 46.9 2.1 46.9 0 0 incl. face value USD KZT 38.7 1.8 38.7 0 0 incl. Servicing 8.2 0.37 8.2 0 0 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- --------- ----- incl. Astana 15.3 0.70 15.3 0 0 akimat USD KZT also, face value USD KZT 12.9 0.59 12.9 0 0 also, servicing 2.5 0.11 2.5 0 0 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- --------- ----- incl. Atyrau 23.2 1.06 23.2 0 0 region akimat USD KZT also, face value USD KZT 18.6 0.85 18.6 0 0 also, servicing 4.6 0.21 4.6 0 0 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- --------- ----- incl. E-Kz region 8.3 0.38 8.3 0 0 akimat USD KZT also, face value USD KZT 7.2 0.33 7.2 0 0 also, servicing 1.1 0.05 1.1 0 0 (interest) USD KZT ------------------- ----- --------- -------- --------- --------- --------- ----- TOTAL 2,184.9 100.0 2,167.2 +17,683.5 +0.82 incl. face value 1,620.7 74.2 1,603.0 +17,652.1 +1.1 incl. Servicing 564.3 25.8 564.2 +31.4 +0.0 ------------------- ----- --------- -------- --------- --------- --------- ----- OR ------------------- ----- --------- -------- --------- --------- --------- ----- incl. Internal 854.0 39.1 836.4 +17,683.5 +2.1 debt (KZT) also, face value 645.7 29.6 628.0 +17,652.1 +2.8 also, servicing 208.4 9.5 208.4 +31.4 +0.0 ------------------- ----- --------- -------- --------- --------- --------- ----- incl. External 1,330.9 60.9 1,330.9 0 0 debt (USD) also, face value 975.0 44.6 975.0 0 0 also, servicing 355.9 16.3 355.9 0 0 -------------------------------------------------------------------------------- The agency IRBIS draws the attention of its subscribers and mass media to the fact that these data are not official and were obtained through an analysis of the information on primary GS market from the databases of the agency. The agency IRBIS also draws the attention of the mass media that this material was prepared by the agency IRBIS and not by the Kazakhstan Stock Exchange (KASE).