Development Bank of Kazakhstan CJSC informed about the 3rd coupon payment on its bonds of the 1st issue

/KASE, August 18, 03/ - Today Development Bank of Kazakhstan CJSC (Astana) informed Kazakhstan stock exchange (KASE) with the official letter about the fact that on August 15 of 2003 the bank had paid the third coupon interest to holders of indexed on tenge devaluation level bonds of the first issue (KZ2CKY05A473; KASE's official "А" listing category, BRKZb1; KZT1,000, KZT4,500 m.; February 15, 02 - February 15, 07; semi-annual coupon 8.5% APR). According to the issuer's information, sum of the payment was equal to KZT183,749,012.90. According to issue terms devaluation/revaluation rate coefficient (Kd), which is used while receiving indexed face value of bonds at the moment of coupon payment, is calculated as ratio of the current weighted average stock exchange's rate of US dollar (Xt), which is determined at KASE's morning session, to similar rate (Xo) on the date of bonds circulation start (Kd=Xt/Xo, where Xo = 151.66). As of August 15 the current stock exchange's rate of US dollar was KZT146.00. As of July 15 of 2003 - date of register fixation for coupon payment - bondholders were pension market's subjects (66% of total volume), commercial banks (32%) and other professional participants (2%). [2003-08-18]