As of December 1, 2002 total state debt of Kazakhstan, issued as GS, reached KZT342.2 bn or $2,219.3 m along with servicing

/IRBIS, December 3, 02/ - As of December 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 KZT342.2 bn, or $2,219.3 m at KZT154.20 per dollar. 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 September to November of the current year. Since November 1 through 30, 2002 total debt increased by 8,145.9 m (+2.44%) in tenge, in dollar equivalent (taking into account change in the rate of the National Bank) - by 54,932.0 th. (+2.54%). Corresponding figures of October of 2002 were -KZT43,039.1 m (-11.44%) or -$275,679.2 th. (- 11.30%). Increase of the debt's volume in November was caused mainly by the work of the Ministry of finance at domestic market with positive net-borrowing balance. Following table contains more detailed information. ----------------------------------------------------------------------------------------- Amount and structure of debt -------------------------------- as of Change Currency of November 30,02 as of for the period ---------------- ----------------- October 31,02 ---------------- Issuer issue servicing bn KZT share, % bn KZT m KZT % ------------------- ----- --------- ------- -------- ------------- --------- ----- National Bank KZT KZT 48.170 14.1 47.743 +427.3 +0.9 ------------------- ----- --------- ------- -------- ------------- --------- ----- Ministry of Finance 283.761 82.9 276.035 +7,725.2 +2.8 incl. face value 210.485 61.5 202.311 +8,173.4 +4.0 also, domestic GS KZT KZT 114.110 33.3 105.842 +8,267.2 +7.8 also, euronotes USD USD 96.375 28.2 96.469 -93.8 -0.1 incl. servicing 73.276 21.4 73.724 -448.3 -0.6 also, domestic GS KZT KZT 34.702 10.1 32.108 +2,594.3 +8.1 also, euronotes USD USD 38.574 11.3 41.617 -3,042.5 -7.3 ------------------- ----- --------- ------- -------- ------------- --------- ----- Municipals USD KZT 10.292 3.0 10.298 -6.6 -0.1 incl. face value USD KZT 8.301 2.4 8.307 -5.5 -0.1 incl. servicing USD KZT 1.990 0.58 1.991 -1.1 -0.1 ------------------- ----- --------- ------- -------- ------------- --------- ----- incl. Astana akimat USD KZT 4.789 1.40 4.790 -1.2 0 also, face value USD KZT 3.627 1.06 3.628 -1.0 0 also, servicing USD KZT 1.162 0.34 1.163 -0.2 0 ------------------- ----- --------- ------- -------- ------------- --------- ----- incl. Atyrau USD KZT 3.340 0.98 3.343 -3.2 -0.1 region akimat also, face value USD KZT 2.870 0.84 2.873 -2.8 -0.1 also, servicing USD KZT 0.469 0.14 0.470 -0.5 -0.1 ------------------- ----- --------- ------- -------- ------------- --------- ----- incl. E-Kz region USD KZT 2.163 0.63 2.165 -2.1 -0.1 akimat also, face value USD KZT 1.804 0.53 1.806 -1.8 -0.1 also, servicing USD KZT 0.359 0.10 0.359 -0.3 -0.1 ------------------- ----- --------- ------- -------- ------------- --------- ----- TOTAL 342.222 100.0 334.076 +8,145.9 +2.44 incl. face value 266.956 78.0 258.361 +8,595.2 +3.3 incl. Servicing 75.266 22.0 75.716 -449.3 -0.59 ------------------- ----- --------- ------- -------- ------------- --------- ----- OR ------------------- ----- --------- ------- -------- ------------- --------- ----- incl. Internal debt KZT KZT 207.273 60.6 195.991 +11,282.1 +5.8 also, face value KZT KZT 170.581 49.8 161.892 +8,688.9 +5.4 also, servicing KZT KZT 36.692 10.7 34.099 +2,593.2 +7.6 ------------------- ----- --------- ------- -------- ------------- --------- ----- incl. External debt USD USD 134.949 39.4 138.085 -3,136.3 -2.3 also, face value USD USD 96.375 28.2 96.469 -93.8 -0.1 also, servicing USD USD 38.574 11.3 41.617 -3,042.5 -7.3 ----------------------------------------------------------------------------------------- The equivalent amounts as of November 30, 02 were calculated at KZT154.20 per dollar rate, as of October 31, 02 - at KZT154.35. 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 November 30,02 as of for the period ---------------- ----------------- October 31,02 ---------------- Issuer issue servicing USD share, % USD th. USD % ----------------- ----- --------- ------- -------- ------------- --------- ----- National Bank KZT KZT 312.4 14.1 309.3 +3,071.8 +1.0 ----------------- ----- --------- ------- -------- ------------- --------- ----- Ministry of 1,840.2 82.9 1,788.4 +51,838.1 +2.9 Finance incl. face value 1,365.0 61.5 1,310.7 +54,280.4 +4.1 also, domestic GS KZT KZT 740.0 33.3 685.7 +54,280.4 +7.9 also, euronotes USD USD 625.0 28.2 625.0 0 0 incl. Servicing 475.2 21.4 477.6 -2,442.3 -0.5 also, domestic GS KZT KZT 225.0 10.1 208.0 +17,026.4 +8.2 also, euronotes USD USD 250.2 11.3 269.6 -19,468.8 -7.2 ----------------- ----- --------- ------- -------- ------------- --------- ----- Municipals USD KZT 66.7 3.0 66.7 +22.1 +0.0 incl. face value USD KZT 53.8 2.4 53.8 +16.4 0 incl. Servicing USD KZT 12.9 0.58 12.9 +5.7 0 ----------------- ----- --------- ------- -------- ------------- --------- ----- incl. Astana USD KZT 31.1 1.40 31.0 +22.1 +0.1 akimat also, face value USD KZT 23.5 1.06 23.5 +16.4 +0.1 also, servicing USD KZT 7.5 0.34 7.5 +5.7 +0.1 ----------------- ----- --------- ------- -------- ------------- --------- ----- incl. Atyrau USD KZT 21.7 0.98 21.7 0 0 region akimat also, face value USD KZT 18.6 0.84 18.6 0 0 also, servicing USD KZT 3.0 0.14 3.0 0 0 ----------------- ----- --------- ------- -------- ------------- --------- ----- incl. E-Kz region USD KZT 14.0 0.63 14.0 0 0 akimat also, face value USD KZT 11.7 0.53 11.7 0 0 also, servicing USD KZT 2.3 0.10 2.3 0 0 ----------------- ----- --------- ------- -------- ------------- --------- ----- TOTAL 2,219.3 100.0 2,164.4 +54,932.0 +2.54 incl. face value 1,731.2 78.0 1,673.9 +57,368.6 +3.4 incl. Servicing 488.1 22.0 490.5 -2,436.6 -0.5 ----------------- ----- --------- ------- -------- ------------- --------- ----- OR ----------------- ----- --------- ------- -------- ------------- --------- ----- incl. Internal KZT KZT 1,344.2 60.6 1,269.8 +74,400.8 +5.9 debt (KZT) also, face value KZT KZT 1,106.2 49.8 1,048.9 +57,368.6 +5.5 also, servicing KZT KZT 238.0 10.7 220.9 +17,032.2 +7.7 ----------------- ----- --------- ------- -------- ------------- --------- ----- incl. External USD USD 875.2 39.4 894.6 -19,468.8 -2.2 debt (USD) also, face value USD USD 625.0 28.2 625.0 0 0 also, servicing USD USD 250.2 11.3 269.6 -19,468.8 -7.2 --------------------------------------------------------------------------------------- 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 the 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). [2002-12-03]