Results of the specialized trades on primary additional floatation of Atyrau oblast's municipal bonds of the 4th issue, which were held at KASE on May 28

/KASE, May 29, 03 / - On May 28, 2002 the specialized trades on primary additional floatation of coupon indexed bonds of domestic executive body of Atyrau oblast of the fourth issue in Kazakhstan stock exchange's (KASE) trade system. The subject of the haggling was bonds' clean price (without accumulated interest), which is expressed as percentage of indexed face value. Only limited bids were admitted to the trades. Following are issue parameters and full results of the additional floatation. ISSUE PARAMETERS ---------------------------------------------- ------------------------------- Type of securities inscribed coupon bond, indexed on changing of the rate of KZT to USD Ordinal number 4 NIN KZЕ4KY050046 KASE trade code ART060.004 Issue currency Kazakhstan tenge Servicing currency Kazakhstan tenge Type of indexation Face value on changing of the rate of KZT to USD of the National Bank of Kazakhstan Face value KZT100 Announced issue volume, KZT 3,400,000,000.00 Circulation start date May 16, 03 (accumulated interest charging) Maturity date (planned/actual) May 13, 08 / May 13, 08 Days in circulation 1,825 (5 years) Type of coupon semi-annual Coupon rate, % APR 8.50 Coupon payments dates (planned/actual) 1 Nov 13, 03 / Nov 13, 03 2 May 14, 04 / May 14, 04 3 Nov 12, 04 / Nov 12, 04 4 May 14, 05 / May 16, 05 5 Nov 12, 05 / Nov 14, 05 6 May 14, 06 / May 15, 06 7 Nov 12, 06 / Nov 13, 06 8 May 14, 07 / May 14, 07 9 Nov 12, 07 / Nov 12, 07 10 May 13, 08 / May 13, 08 Register fixation term at coupon payment 2 working days Register fixation term at maturity 3 working days Settlement basis actual/365 Rate at the beginning of circulation (USD/KZT) 151.40 ---------------------------------------------- ------------------------------- TERMS OF THE ADDITIONAL FLOATATION ------------------------------------------------------------------------------ Date of specialized trades conducting May 28, 03 Time for applications presenting 10:00 - 13:00 ALT Payment date (till 4:00 PM ALT) May 29, 03 (Т+1) Volume of additional floatation, KZT 1,047,000,000.00 Accumulated interest, % of the face value 0.326027% of the face value Rate on additional floatation date (USD/KZT) 150.80 ---------------------------------------------- ------------------------------- PARAMETERS OF DEMAND ---------------------------------------------- ------------------------------- Number of participants - KASE members 2 Volume of submitted bids, bonds 13,400,000 Volume of submitted bids, KZT 1,337,255,880.38 Bid to ask, % 127.7 Demand price, % of face value (clean): minimum 99.5000 maximum 99.9719 weighted average 99.8666 Yield on demand, % APR (semi-annual basis / annual basis) minimum 8.5002 / 8.6809 maximum 8.6190 / 8.8048 weighted average 8.5267 / 8.7085 ---------------------------------------------- ------------------------------- RESULTS OF THE ADDITIONAL FLOATATION ---------------------------------------------- ------------------------------- Volume of satisfied bids: in bonds 10,400,000 in USD at face value 6,896,551.72 in tenge on the sum of borrowing 1,038,964,633.39 Prices, % of the face value (clean): cut-off 99.9719 weighted average 99.9719 Yield to maturity, % APR (semi-annual basis / annual basis) weighted average 8.5002 / 8.6809 ------------------------------------------------------------------------------ 22.3% of total demand volume fell to the stake of commercial Kazakhstan banks, 77.7% - to the stake of their corporate clients. Investors of other categories did not take part in the floatation. After the issuer conducted cutting-off procedure the only bid, which was submitted by one client of a bank, was satisfied. Judging on results of stock exchange's specialized trades the issuer has floated 33,930,000 bonds of this issue that equals at face value to KZT3,393.0 m. while announced issued volume is KZT3,400.0 m. Weighted average yield of bonds for a purchaser on all conducted specialized trades equaled to 8.5000% APR on semi-annual basis. [2003-05-29]