Results of the specialized trades on primary additional floatation of Astana's municipal bonds of the 6th issue, which were held at KASE on June 27

/KASE, June 27, 03 / - On June 27, 2003 the specialized trades on primary additional floatation of municipal indexed bonds of Astana city of the sixth issue were held in Kazakhstan stock exchange's (KASE) trade system. The subject of the haggling was bonds' clean price (without accumulated interest), which was 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 6 NIN KZZ4KY040062 KASE trade code AST048.006 Issue currency KZ tenge Servicing currency KZ 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 1,300,000,000.00 Circulation start date June 26, 03 (1st day of accumulated interest charging) Maturity date (planned/actual) June 24, 07 / June 25, 07 Days in circulation 1460 days (4 years) Type of coupon semi-annual Coupon rate, % APR 8.50% APR Coupon payments dates (planned/actual) 1 Dec 24,03 / Dec 24,03 2 June 24,04 / June 26,04 3 Dec 23,04 / Dec 25,04 4 June 24,05 / June 25,05 5 Dec 23,05 / Dec 24,05 6 June 24,06 / June 26,06 7 Dec 23,06 / Dec 25,06 8 June 24,07 / June 25,07 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) 148.45 ---------------------------------------------- --------------------------------- TERMS OF THE ADDITIONAL FLOATATION -------------------------------------------------------------------------------- Date of specialized trades conducting June 27, 03 Time for applications presenting 11:30 - 12:00 of Almaty time Payment date (till 4:00 PM ALT) June 27, 03 (Т+0) Volume of additional floatation, KZT 345,000,000.00 Accumulated interest, % of the face value 0.046575% of indexed face value Rate on additional floatation date (USD/KZT) 148.31 ---------------------------------------------- --------------------------------- PARAMETERS OF DEMAND ---------------------------------------------- --------------------------------- Number of participants - KASE members 2 Volume of submitted bids, bonds 10,950,000 Volume of submitted bids, KZT 1,094,556,797.62 Bid to ask, % 317.4 Demand price, % of face value (clean): minimum 100.0003 maximum 100.0500 weighted average 100.0073 Yield on demand, % APR (semi-annual basis / annual basis) minimum 8.4851 / 8.6652 maximum 8.5000 / 8.6807 weighted average 8.4979 / 8.6786 ---------------------------------------------- --------------------------------- RESULTS OF ADDITIONAL FLOATATION ---------------------------------------------- --------------------------------- Volume of satisfied bids: in bonds 3,449,783 in USD at face value 2,326,062.30 in tenge on the sum of borrowing 344,883,028.02 Prices, % of the face value (clean): maximum 100.0500 minimum (cut-off) 100.0139 weighted average 100.0202 Yield to maturity, % APR (semi-annual basis / annual basis) maximum 8.4960 / 8.6765 minimum 8.4851 / 8.6652 weighted average 8.4941 / 8.6745 -------------------------------------------------------------------------------- 68.5% of total demand volume fell to the stake of commercial Kazakhstan banks, 31.5% - to the stake of their clients. Investors of other categories did not take part in the floatation. After the issuer conducted cutting-off procedure two bids, which were submitted by one member of KASE, were satisfied. 17.4% in total volume of the additionally floated bonds fell to the stake of one bank, 82.6% - to the stake of its client. According to results of the trades the issuer has floated bonds for total face value of KZT344,978,300.00 while the announced volume of additional floatation was KZT345,000,000.00. Judging on results of stock exchange's two specialized trades Astana's akimat has floated 12,999,783 bonds of this issue that equals at face value to KZT1,299,978,300.00, while the registered issue volume was KZT1,300.0 m. I.e. the issue has been entirely floated. Weighted average yield of bonds for purchasers on all conducted specialized trades equaled to 8.4984% APR on semi-annual basis. [2003-06-27]