On March 18 trades in first issue bonds of Development Bank of Kazakhstan CJSC will be opened at KASE

/KASE, March 13, 02/ - By the decision of the Board of Kazakhstan Stock Exchange (KASE) from March 18, 2002 at the Exchange the trades in first issue indexed insubordinate coupon bonds of Development Bank of Kazakhstan CJSC (Astana; KZ2CKY05A473; KASE trade code - BRKZb1; KZT4.5bn; KZT1,000; Feb 15.02 - Feb 15.07; semiannual coupon at 8.5% APR) will be opened. The quotation accuracy of BRKZb1 is set in the trade system of KASE at four decimal places. The market-maker status of the bonds at KASE is given to Halyk Bank of Kazakhstan OJSC (Almaty) and AMB OJSC (Almaty). The minimum volume of mandatory quotations for the market-makers is set at 400 bonds. The bonds were admitted to the official list of KASE securities under category "A" from February 19, 2002. Based on the issue terms of the bonds, their face value is indexed towards the change in KZT/USD rate of the Exchange. On March 5, 2002 a special trades were held in the trade system of KASE on initial offering of these bonds for a face value of KZT1.5bn. The issuer has floated all planned volume at the yield to the buyer of 9.1004% APR under more than two time prevalence of demand over supply.