Results of the auction on additional floatation of municipal bonds of East-Kazakhstan oblast of the second issue

/KASE, August 16, 02, stock exchange's official press-release/ - On August15 of 2002 there was held auction in Kazakhstan stock exchange's (KASE) trade system on additional floatation of the second issue of coupon indexed bonds of local executive body of East-Kazakhstan oblast with 1095- day circulation term (3 years). The announced floatation volume - KZT202,829,250.00. Only competitive bids were admitted to the trades. The bonds were floated by the issuer at discount price. Subject of haggling was bonds' clean price (without accumulated interest), expressed as percentage of the face value. Below are parameters of the issue and results of the additional floatation. ------------------------------------------------------------------------------- ISSUE PARAMETERS --------------------------------------------- --------------------------------- Type of security Inscribed coupon bond indexed at change of the rate of KZT to USD NSIN KZF2KY030021 KASE trade code VKU036.002 Issue currency KZ tenge Servicing currency KZ tenge Type of indexation Face value at the rate of KZT to USD of the National Bank of Kazakhstan Nominal KZT15,405 - USD100 at the rate of the National Bank of Kazakhstan on bonds primary floatation date Announced issue volume, KZT 700,000,000.00 Circulation starting date Aug 10, 01 Maturity date (planned / actual) Aug 8, 05 / Aug 8, 05 Circulation term 1095 days (3 years) Type of coupon Semi-annual Coupon rate, %APR 8.50 Dates of coupon payments (planned / actual) 1 Feb 7, 03 / Feb 7, 03 2 Aug 9, 03 / Aug 11, 03 3 Feb 7, 04 / Feb 9, 04 4 Aug 8, 04 / Aug 9, 04 5 Feb 6, 05 / Feb 7, 05 6 Aug 8, 05 / Aug 8, 05 Register fixation term (coupon, redemption) 3 working days Settlement basis actual/365 --------------------------------------------- --------------------------------- TERMS OF ADDITIONAL FLOATATION --------------------------------------------- --------------------------------- Date of auction holding Aug 15, 02 Payments date (before 4:00 PM ALT) Aug 16, 02 Volume of additional floatation, KZT 202,829,250.00 Accumulated interest, % of nominal 0.163014% of nominal Rate of servicing on payment date (KZT/USD) 154.10 --------------------------------------------- --------------------------------- PARAMETERS OF DEMAND --------------------------------------------- --------------------------------- Number of participants - KASE members 3 Volume of submitted bids, bonds 17,666 Volume of submitted bids, KZT 271,984,065.22 Demand to supply, % 134.0 Price of demand, % of nominal (clean): Minimal 99.2300 Maximal 99.9000 Weighted average 99.7462 Yield on demand, %APR (semi-annual basis / annual basis): Minimal 8.5379 / 8.7202 Maximal 8.7984 / 8.9920 Weighted average 8.5977 / 8.7826 --------------------------------------------- --------------------------------- RESULTS OF ADDITIONAL FLOATATION --------------------------------------------- --------------------------------- Volume of satisfied bids, bonds 13,166 Volume of satisfied bids, KZT 202,822,230.00 Prices, % of nominal (clean): Cut-off 99.9900 Weighted average 99.9900 Yield to maturity, %APR (semi-annual basis / annual basis): Weighted average 8.5379 / 8.7202 ------------------------------------------------------------------------------- Out of the whole demand volume 74.52% fell to the share of commercial Kazakhstan banks, 25.47% - to the share of their corporate clients, 0.01% - to the share of broker-dealer firms. Investors of other categories did not take part in the floatation After conducting of cutting-off procedure by the issuer, one bid, which a Kazakhstan bank purchased, was satisfied. BY the results of the specialized trades the issuer has floated 100.0% of the planned volume or 29.0% of the registered issue volume. [2002-08-16]