At specialized trades on floatation of East Kazakhstan oblast bonds of the third issue demand equaled to KZT254.1 th.

/IRBIS, August 15, 02/ - On August 15 specialized trades on primary floatation of municipal coupon indexed bonds of East Kazakhstan oblast of the third issue (KZF2KY070035, VKU084.003; KZT15,410; KZT2,000.0m; August 17, 02 - August 14, 09) were held at Kazakhstan stock exchange (KASE). Bonds were offered by the issuer at par value (KZT15,410 or $100 at the rate of the National Bank to the date of primary floatation conducting). The subject of the trade was a fixed rate of coupon interest, which will be paid by the issuer twice a year according to actual/365 time basis. A total of 2 applications from 2 KASE members were submitted in total amount of KZT254,110,900.00 with announced floatation volume of KZT310.0m. Offered rates equaled to 8.70% and 9.50%APR, which in weighted average expression on the whole demand equaled to 9.1851%APR. The whole volume of demand was from commercial Kazakhstan banks. Investors of other categories did not take part in the floatation. Register of submitted applications were given to the issuer for carrying out cutting procedure During the previous primary floatation of these bonds, which was held on August 7, 2002 at KASE, the bid exceeded the offer by KZT410.8 th., and weighted average coupon rate, calculated according to all submitted applications, fixed at 9.0496%. BY the results of these trades the issuer refused to float securities at the offered price parameters. [2002-08-15]