As of February 1, 2003 total state debt of Kazakhstan, issued as GS, reached KZT350.4 bn or $2,257.7 m along with servicing

/IRBIS, February 19, 03/ - As of February 1, 2003 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 KZT350.4 bn, or $2,257.7 m at KZT155.20 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 November of 2002 till January of 2003. Since January 1 through January 31, 2003 total debt decreased by 7,986.0 m (-2.23%) in tenge, in dollar equivalent (taking into account change in the rate of the National Bank) - by 45,519.9 th. (-1.98%). Corresponding figures of December of 2002 were +KZT16,160.2 m (+4.72%) or +$83,889.0 th. (+3.78%). Decrease of the debt's volume in January was caused exclusively by the work of the National Bank and the Ministry of finance of Kazakhstan at the country's financial market with negative net-borrowing balance. Following table contains more detailed information. ----------------------------------------------------------------------------- Amount and structure of debt ----------------------------- as of Change Currency of January 31,03 for the period ------------ ---------------- as of -------------- servi- share, Dec. 31,02 Issuer issue cing bn KZT % bn KZT m KZT % ------------------- ----- ------ -------- ------- - ---------- -------- ----- National Bank KZT KZT 58.669 16.7 64.790 -6,121.0 -9.4 ------------------- ----- ------ -------- ------- - ---------- -------- ----- Ministry of Finance 281.519 80.3 283.325 -1,805.5 -0.6 incl. face value 209.746 59.9 211.025 -1,278.7 -0.6 also, domestic GS KZT KZT 112.746 32.2 113.775 -1,028.7 -0.9 also, euronotes USD USD 97.000 27.7 97.250 -250.0 -0.3 incl. servicing 71.773 20.5 72.300 -526.8 -0.7 also, domestic GS KZT KZT 32.949 9.4 33.376 -426.8 -1.3 also, euronotes USD USD 38.824 11.1 38.924 -100.1 -0.3 ------------------- ----- ------ -------- ------- - ---------- -------- ----- Municipals USD KZT 10.208 2.9 10.267 -59.4 -0.6 incl. face value USD KZT 8.338 2.4 8.353 -14.8 -0.2 incl. servicing USD KZT 1.870 0.53 1.914 -44.6 -2.3 ------------------- ----- ------ -------- ------- - ---------- -------- ----- incl. Astana akimat USD KZT 4.746 1.35 4.750 -3.2 -0.1 also, face value USD KZT 3.633 1.04 3.636 -2.7 -0.1 also, servicing USD KZT 1.113 0.32 1.114 -0.5 -0.0 ------------------- ----- ------ -------- ------- - ---------- -------- ----- incl. Atyrau USD KZT 3.361 0.96 3.370 -8.7 -0.3 region akimat also, face value USD KZT 2.889 0.82 2.896 -7.4 -0.3 also, servicing USD KZT 0.472 0.13 0.474 -1.2 -0.3 ------------------- ----- ------ -------- ------- - ---------- -------- ----- incl. E-Kz region USD KZT 2.100 0.60 2.148 -47.6 -2.2 akimat also, face value USD KZT 1.816 0.52 1.821 -4.7 -0.3 also, servicing USD KZT 0.284 0.08 0.327 -42.9 -13.1 ------------------- ----- ------ -------- ------- - ---------- -------- ----- TOTAL 350.397 100.0 358.383 -7,986.0 -2.23 incl. face value 276.754 79.0 284.168 -7,414.5 -2.6 incl. Servicing 73.643 21.0 74.214 -571.5 -0.77 ------------------- ----- ------ -------- ------- - ---------- -------- ----- OR ------------------- ----- ------ -------- ------- - ---------- -------- ----- incl. internal debt KZT KZT 214.572 61.2 222.208 -7,635.9 -3.4 also, face value KZT KZT 179.754 51.3 186.918 -7,164.5 -3.8 also, servicing KZT KZT 34.819 9.9 35.290 -471.4 -1.3 ------------------- ----- ------ -------- ------- - ---------- -------- ----- incl. external debt USD USD 135.824 38.8 136.174 -350.1 -0.3 also, face value USD USD 97.000 27.7 97.250 -250.0 -0.3 also, servicing USD USD 38.824 11.1 38.924 -100.1 -0.3 ------------------------------------------------- - ------------------------- The equivalent amounts as of January 31, 03 were calculated at KZT155.20 per dollar rate, as of December 31, 02 - at KZT155.60. 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 January 31,03 for the period ------------ ---------------- as of --------------- servi- mln share, Dec. 31,02 th. Issuer issue cing USD % USD USD % ------------------- ----- ------ -------- ------- - ---------- --------- ----- National Bank KZT KZT 378.0 16.7 416.4 -38,366.4 -9.2 ------------------- ----- ------ -------- ------- - ---------- --------- ----- Ministry of 1,813.9 80.3 1,820.9 -6,940.7 -0.4 Finance incl. face value 1,351.5 59.9 1,356.2 -4,743.7 -0.3 also, domestic GS KZT KZT 726.5 32.2 731.2 -4,743.7 -0.6 also, euronotes USD USD 625.0 27.7 625.0 0 0 incl. Servicing 462.5 20.5 464.7 -2,197.0 -0.5 also, domestic GS KZT KZT 212.3 9.4 214.5 -2,197.0 -1.0 also, euronotes USD USD 250.2 11.1 250.2 0 0 ------------------- ----- ------ -------- ------- - ---------- --------- ----- Municipals USD KZT 65.8 2.9 66.0 -212.8 -0.3 incl. face value USD KZT 53.7 2.4 53.7 +43.1 +0.1 incl. Servicing USD KZT 12.0 0.53 12.3 -255.9 -2.1 ------------------- ----- ------ -------- ------- - ---------- --------- ----- incl. Astana USD KZT 30.6 1.35 30.5 +58.1 +0.2 akimat also, face value USD KZT 23.4 1.04 23.4 +43.1 +0.2 also, servicing USD KZT 7.2 0.32 7.2 +15.1 +0.2 ------------------- ----- ------ -------- ------- - ---------- --------- ----- incl. Atyrau USD KZT 21.7 0.96 21.7 0 0 region akimat also, face value USD KZT 18.6 0.82 18.6 0 0 also, servicing USD KZT 3.0 0.13 3.0 0 0 ------------------- ----- ------ -------- ------- - ---------- --------- ----- incl. E-Kz region USD KZT 13.5 0.60 13.8 -270.9 -2.0 akimat also, face value USD KZT 11.7 0.52 11.7 0 0 also, servicing USD KZT 1.8 0.08 2.1 -270.9 -12.9 ------------------- ----- ------ -------- ------- - ---------- --------- ----- TOTAL 2,257.7 100.0 2,303.2 -45,519.9 -1.98 incl. face value 1,783.2 79.0 1,826.3 -43,067.0 -2.4 incl. Servicing 474.5 21.0 477.0 -2,452.9 -0.5 ------------------- ----- ------ -------- ------- - ---------- --------- ----- OR ------------------- ----- ------ -------- ------- - ---------- --------- ----- incl. internal debt KZT KZT 1,382.6 61.2 1,428.1 -45,519.9 -3.2 also, face value KZT KZT 1,158.2 51.3 1,201.3 -43,067.0 -3.6 also, servicing KZT KZT 224.3 9.9 226.8 -2,452.9 -1.1 ------------------- ----- ------ -------- ------- - ---------- --------- ----- incl. external debt USD USD 875.2 38.8 875.2 0 0 also, face value USD USD 625.0 27.7 625.0 0 0 also, servicing USD USD 250.2 11.1 250.2 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 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). [2003-02-19]