As of October 01, 2002 total state debt of Kazakhstan, issued as GS, reached KZT377.1bn or $2,440.1m along with servicing

/IRBIS, October 2, 02/ - As of October 1, 2002 total state debt of Kazakhstan, issued as government securities (GS), including municipal bonds, along with the servicing (amount of coupon payments) equaled in current prices KZT377.1bn, or $2,440.1m at KZT154.55 per dollar rate. The specialists of IRBIS came to this conclusion after making the analysis on the database of the agency. When making this analysis the payments on MEIKAM were calculated along with the consumer price index, which was fixed for the period from July to September of the current year. Since September 01 through 30, 2002 total debt increased by 8,138.5m (2.21%) in tenge, in dollar equivalent (taking into account change in the rate of the National Bank) - by 46,464.5 th. (1.94%). Corresponding figures of August of 2002 were +KZT2,216.1m (0.60%) or +$9,737.1 th. (0.41%). Increase of the debt in tenge equivalent was caused by operation of the National Bank and the Ministry of Finance in the primary internal market of GS with positive balance of net-borrowing. Following table contains more detailed information. -------------------------------------------------------------------------------- Amount and structure of debt ----------------------------- as of Change Currency of September 30,02 as of for the period --------------- ---------------- August 31,02 -------------- Issuer issue servicing bn KZT share, % bn KZT m KZT % ------------------- ----- --------- ------- -------- ------------ -------- ----- National Bank KZT KZT 43.097 11.4 36.140 +6,956.6 +19.2 ------------------- ----- --------- ------- -------- ------------ -------- ----- Ministry of Finance 327.222 86.8 325.345 +1,877.3 +0.6 incl. face value 249.984 66.3 247.966 +2,018.5 +0.8 also, domestic GS KZT KZT 99.298 26.3 97.669 +1,628.5 +1.7 also, euronotes USD USD 150.686 40.0 150.296 +390.0 +0.3 incl. Servicing 77.238 20.5 77.380 -141.2 -0.2 also, domestic GS KZT KZT 30.407 8.1 30.670 -262.4 -0.9 also, euronotes USD USD 46.831 12.4 46.710 +121.2 +0.3 ------------------- ----- --------- ------- -------- ------------ -------- ----- Municipals USD KZT 6.797 1.8 7.492 -695.4 -9.3 incl. face value USD KZT 5.714 1.5 6.351 -636.2 -10.0 incl. Servicing USD KZT 1.082 0.29 1.141 -59.2 -5.2 ------------------- ----- --------- ------- -------- ------------ -------- ----- incl. Astana akimat USD KZT 1.281 0.34 2.275 -993.5 -43.7 also, face value USD KZT 1.029 0.27 1.982 -953.5 -48.1 also, servicing USD KZT 0.252 0.07 0.292 -40.0 -13.7 ------------------- ----- --------- ------- -------- ------------ -------- ----- incl. Atyrau USD KZT 3.347 0.89 3.456 -108.8 -3.1 region akimat also, face value USD KZT 2.877 0.76 2.869 +7.4 +0.3 also, servicing USD KZT 0.470 0.12 0.587 -116.3 -19.8 ------------------- ----- --------- ------- -------- ------------ -------- ----- incl. E-Kz region USD KZT 2.168 0.57 1.761 +407.0 +23.1 akimat also, face value USD KZT 1.809 0.48 1.499 +309.9 +20.7 also, servicing USD KZT 0.360 0.10 0.263 +97.1 +37.0 ------------------- ----- --------- ------- -------- ------------ -------- ----- TOTAL 377.116 100.0 368.977 +8,138.5 +2.21 incl. face value 298.795 79.2 290.456 +8,339.0 +2.9 incl. Servicing 78.320 20.8 78.521 -200.4 -0.26 ------------------- ----- --------- ------- -------- ------------ -------- ----- OR ------------------- ----- --------- ------- -------- ------------ -------- ----- incl. Internal debt KZT KZT 179.598 47.6 171.971 +7,627.3 +4.4 also, face value KZT KZT 148.109 39.3 140.160 +7,949.0 +5.7 also, servicing KZT KZT 31.489 8.4 31.811 -321.6 -1.0 ------------------- ----- --------- ------- -------- ------------ -------- ----- incl. External debt USD USD 197.517 52.4 197.006 +511.2 +0.3 also, face value USD USD 150.686 40.0 150.296 +390.0 +0.3 also, servicing USD USD 46.831 12.4 46.710 +121.2 +0.3 -------------------------------------------------------------------------------- The equivalent amounts as of September 30, 02 were calculated at KZT154.55 per dollar rate, as of August 31, 02 - at KZT154.15. Therefore, the data shown in the table reflect the dynamics due to the exchange rate differences. Similar figures in U.S. dollars are given in the following table. ------------------------------------------------------------------------------- Amount and structure of debt ----------------------------- as of Change Currency of September 30,02 as of for the period --------------- ---------------- August 31,02 --------------- Issuer issue servicing M USD share, % m USD th. USD % ----------------- ----- --------- ------- -------- ------------ --------- ----- National Bank KZT KZT 278.9 11.4 234.4 +44,405.4 +18.9 ----------------- ----- --------- ------- -------- ------------ --------- ----- Ministry of 2,117.3 86.8 2,110.6 +6,684.3 +0.3 Finance incl. face value 1,617.5 66.3 1,608.6 +8,897.4 +0.6 also, domestic GS KZT KZT 642.5 26.3 633.6 +8,897.4 +1.4 also, euronotes USD USD 975.0 40.0 975.0 0 0 incl. Servicing 499.8 20.5 502.0 -2,213.1 -0.4 also, domestic GS KZT KZT 196.7 8.1 199.0 -2,213.1 -1.1 also, euronotes USD USD 303.0 12.4 303.0 0 0 ----------------- ----- --------- ------- -------- ------------ --------- ----- Municipals USD KZT 44.0 1.8 48.6 -4,625.3 -9.5 incl. face value USD KZT 37.0 1.5 41.2 -4,223.1 -10.3 incl. Servicing USD KZT 7.0 0.29 7.4 -402.2 -5.4 ----------------- ----- --------- ------- -------- ------------ --------- ----- incl. Astana USD KZT 8.3 0.34 14.8 -6,466.7 -43.8 akimat also, face value USD KZT 6.7 0.27 12.9 -6,203.1 -48.2 also, servicing USD KZT 1.6 0.07 1.9 -263.6 -13.9 ----------------- ----- --------- ------- -------- ------------ --------- ----- incl. Atyrau USD KZT 21.7 0.89 22.4 -762.2 -3.4 region akimat also, face value USD KZT 18.6 0.76 18.6 0 0 also, servicing USD KZT 3.0 0.12 3.8 -762.2 -20.0 ----------------- ----- --------- ------- -------- ------------ --------- ----- incl. E-Kz region USD KZT 14.0 0.57 11.4 +2,603.7 +22.8 akimat also, face value USD KZT 11.7 0.48 9.7 +1,980.0 +20.4 also, servicing USD KZT 2.3 0.10 1.7 +623.7 +36.6 ----------------- ----- --------- ------- -------- ------------ --------- ----- TOTAL 2,440.1 100.0 2,393.6 +46,464.5 +1.94 incl. face value 1,933.3 79.2 1,884.2 +49,079.7 +2.6 incl. Servicing 506.8 20.8 509.4 -2,615.3 -0.5 ----------------- ----- --------- ------- -------- ------------ --------- ----- OR ----------------- ----- --------- ------- -------- ------------ --------- ----- incl. Internal KZT KZT 1,162.1 47.6 1,115.6 +46,464.5 +4.2 debt (KZT) also, face value KZT KZT 958.3 39.3 909.2 +49,079.7 +5.4 also, servicing KZT KZT 203.7 8.4 206.4 -2,615.3 -1.3 ----------------- ----- --------- ------- -------- ------------ --------- ----- incl. External USD USD 1,278.0 52.4 1,278.0 0 0 debt (USD) also, face value USD USD 975.0 40.0 975.0 0 0 also, servicing USD USD 303.0 12.4 303.0 0 0 ------------------------------------------------------------------------------- The agency IRBIS draws the attention of its subscribers and mass media to the fact that these data are not official and were obtained through an analysis of the information on primary GS market from the databases of the agency. The agency IRBIS also draws the attention of the mass media that this material was prepared by the agency IRBIS but not the Kazakhstan Stock Exchange (KASE). [2002-10-02]