Results of the specialized trades on primary floatation of Astana city's municipal bonds of the fifth issue

/KASE, October 10, 02 / - On October 10, 2002 the specialized trades on primary floatation of coupon indexed bonds of local executive body of Astana city of the fifth issue in KASE trade system. Only limited (competitive) bids were admitted to the trades. Bonds were offered by the issuer at face value. The subject of the haggling was fixed coupon interest rate, which will be paid to bondholders twice a year. Following are issue parameters and full floatation results. ISSUE PARAMETERS ------------------------------------------ ------------------------------------ Type of securities Inscribed coupon mid-term indexed bond NIN KZZ4KY040054 KASE trade code AST048.005 Issue currency Kazakhstan tenge Servicing currency Kazakhstan tenge Type of indexation Face value at the rate of KZT to USD of the National Bank of Kazakhstan Par value KZT100 Circulation start date (the first date of accumulated interest charging) October 11, 02 Maturity date (planned/actual) October 9, 06 / October 9, 06 Days in circulation 1460 (4 years) Type of coupon semi-annual Coupon payments dates (planned/actual) 1 April 10, 03 / April 10, 03 2 October 10, 03 / October 10, 03 3 April 9, 04 / April 9, 04 4 October 9, 04 / October 11, 04 5 April 9, 05 / April 11, 05 6 October 9, 05 / October 10, 05 7 April 9, 06 / April 10, 06 8 October 9, 06 / October 9, 06 Register fixation term (coupon, repayment) 3 working days Announced issue volume, KZT 967,000,000.00 Settlement basis actual/365 ------------------------------------------ ------------------------------------ PARAMETERS OF THE SPECIALIZED TRADES ------------------------------------------------------------------------------- Date of specialized trades conducting October 10, 02 Time for applications presenting 11:30 - 13:00 ALT Payment date (till 4:00 PM ALT) October 10, 02 Offering volume, KZT 967,000,000.00 Rate of KZT/USD on payment date 154.50 ------------------------------------------ ------------------------------------ PARAMETERS OF DEMAND ------------------------------------------ ------------------------------------ Number of participants - KASE members 6 Number of submitted bids 9 Volume of submitted bids, bonds 32,031,000 Volume of submitted bids, KZT 3,203,100,000.00 Bid to ask, % 331.2% Minimal rate on bid, %APR 8.4000 Maximal rate on bid, %APR 9.5000 Weighted average rate on bid, %APR 8.6150 ------------------------------------------ ------------------------------------ FLOATATION RESULTS ------------------------------------------ ------------------------------------ Volume of satisfied bids, bonds 9,670,000 Volume of satisfied bids, KZT 967,000,000.00 Set coupon rate, %APR 8.5000 ------------------------------------------------------------------------------- 38.93% of total volume of bid fell to the share of banks, 61.07 - to the share of their corporate clients. Investors of other categories did not take part in the floatation. After conducting by the issuer of cutting-off procedure that determined the size of coupon interest rate in the amount of 8.50%APR four bids were satisfied. At this 92.76% of the floated bonds were purchased by banks' clients, 7.24% - a bank. By the results of the specialized trades the issuer floated the whole planned volume. [2002-10-10]