The National Bank of the Republic of Kazakhstan approved report on complete floatation of bonds of Nurbank OJSC (Kazakhstan) of second issue

/KASE, October 31, 03/ - MONEY EXPERTS LLP (Almaty), which is a market maker of Nurbank OJSC's (Almaty) bonds, submitted Kazakhstan Stock Exchange (KASE) a letter, which mentions about approval by the National bank of Kazakhstan on October 29, 2003 of report on complete floatation results of indexed on tenge devaluation level subordinated bonds of the bank of the second issue (KZ2CKY08A774, official "A" listing category of KASE, NRBNb2; KZT4,000.0 mn, KZT16,000, June 12, 03 - June 12, 11, semi-annual coupon 9.0%APR, 30/360). According to the information of MONEY EXPERTS LLP, by floatation results 91.17% of bonds was purchased by accumulative pension funds, 8.75% - second-tier banks, 0.08% - brokerage companies. Average floatation yield-to- maturity totaled to 8.973%APR [2003-10-31]