Since November 3 trades in subordinate bonds of Nurbank OJSC of the 2nd issue have been opened at KASE

/KASE, November 3, 03/ - By the decision of Kazakhstan stock exchange's (KASE) Board, on the basis of application of MONEY EXTERTS LLP (Almaty), since November 3 of 2003 there have been opened trades in indexed on tenge devaluation level subordinate bonds of Nurbank OJSC of the second issue (KZ2CKY08A774; KASE's official "A" listing category; KZT4,000.0 m., KZT16,000, June 12, 03 - June 12, 11; semi-annual coupon 9.0% APR, 30/360). At KASE the securities have been assigned trade code NRBNb2. Quotation accuracy in KASE's trade system is four decimal figures of bonds' clean price, which is expressed as percentage of the indexed face value. Functions of the market-maker of NRBNb2 at KASE will be fulfilled by MONEY EXPERTS LLP (Almaty). Minimal volume of compulsory quotation for the market- maker is 100 bonds. According to the documents presented to KASE by MONEY EXTERTS LLP, report about full floatation of NRBNb2 at the primary market was confirmed by the National Bank of Kazakhstan on October 29 of 2003. According to results of the floatation 91.17% of bonds were purchased by accumulative pension funds, 8.75% - second tier banks, 0.08% - broker companies. Average yield of the primary floatation equaled to 8.973% APR to maturity. [2003-11-03]