Municipal bonds of Astana of the second issue have been excluded from KASE lists in accordance with redemption

/KASE, September 24, 02/ - By the decision of Kazakhstan stock exchange's (KASE) Board since September 24 of 2002 inscribed coupon bonds of local executive body of Astana city 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) have been excluded from KASE trade list in accordance with ending of circulation term. According to the issuer's data bonds were redeemed in time, face value of bonds has been redeemed by means of transfer of KZT958,068,795 (62,031 bonds at the rate of KZT154.45 per dollar of the debt) to holders. The sum of the last coupon payment equaled to KZT40,717,924. The bonds were admitted to circulation at KASE by the decision of the stock exchange's Council on September 11 of 2001. Pension assets management companies and State accumulative pension fund CJSC (SAPF, Almaty) were permitted to purchase the securities at the expense of pension assets by resolution of the Board of the National Bank of Kazakhstan dated December 8 of 2001, #519 "About investing of pension assets into bonds of the local executive body of Astana city". The issue was floated at KASE in full volume on September 20 of 2001 at face value with sevenfold prevalence of demand over offer. At this 71.7% of the floated volume were purchased by banks' clients, 28.3% - by banks. At the second 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 on opening and two on closing) to the total amount of KZT1,075.2m (turnover - 71,474 bonds). [2002-09-24]