Department of finance of Astana city (Kazakhstan) informed about redemption of the city's municipal bonds of the second issue

/KASE, September 20, 02/ - Today the Department of finance of Astana city officially notified Kazakhstan stock exchange (KASE) about timely redemption of the city's indexed municipal bonds of the second issue (KZZ2KY010026, KASE trade code - ASU012.002; $100, $6,203,100.00; September 22, 01 - September 20, 02, semi-annual coupon 8.50% APR) and payment on them of the second coupon interest rate. According to the issuer's data bonds' face value has been redeemed by means of transfer to the holders of KZT958,068,795 (62,031 bonds at the rate KZT154.45 for a dollar of the debt). Sum of the last coupon payment equaled to KZT40,717,924. Securities' issuer is local executive body (akimat) of Astana. The issuer's financial consultant and market maker of bonds at KASE - Fondoviy service CJSC (Almaty). Juridical consultant of the issue and the issuer -KAZAKHSTAN LEGAL GROUP LLP (Almaty). The issuer's financial agent - Kazahkstan stock exchange CJSC (Almaty). Register maintaining on the bonds is fulfilled by Central depository of securities CJSC (Almaty). Bonds were admitted to circulation at KASE by the decision of stock exchange's Board on September 11 of 2001. Pension assets management companies and State accumulative pension fund CJSC (SAPF, Almaty) were permitted to purchase these securities at the expense of pension assets by the resolution of the Board of the National Bank of Kazakhstan dated December 8 of 2001 #519 "About investing of pension assets into the bonds of local executive body of Astana city". The issue was floated at KASE in full volume on September 20 of 2001 at the face value at sevenfold prevailing of demand over supply. At this, 71.7% of the offered volume were purchased by banks' clients, 28.3% - by banks. During the secondary circulation at KASE ASU012.002 were used by traders exceptionally as pawn assets while conducting of repo operations. A total of 4 deals were made at KASE (two deals were repo opening and two - closing) in the total amount of KZT1,075.2m (turnover - 71,474 bonds). At over the counter market in addition to this there was conducted the only pawn transaction with 2,600 bonds. [2002-09-20]