Development Bank of Kazakhstan JSC (Kazakhstan) about the 7th coupon payment on its KZ2CKY05A473 issue bonds

/KASE, August 15, 05/ - Development Bank of Kazakhstan JSC (Astana) has informed Kazakhstan stock exchange (KASE) by the official letter about the fact that on August 15 of 2005 the bank paid the seventh coupon to holders of its KZ2CKY05A473 issue bonds indexed on tenge devaluation (KASE's official "A" listing category; BRKZb1; KZT1,000, KZT4,500.0 m.; February 15, 02 - February 15, 07, semi-annual coupon, 8.50% APR). According to issuer's information sum of the payment totaled KZT88,094,329.88. In accordance with issue terms devaluation/revaluation rate coefficient (Kd), which is used while calculation of indexed face value of bonds by the moment of coupon payment, is calculated as ratio of the current weighted average stock exchange's rate of US dollar (Xt) determined at the morning trade session of KASE to similar rate (Xo) by the date of bonds circulation start (Kd=Xt/Xo, where Xo = 151.96). As of August 15 - coupon payment date - the current stock exchange's US dollar rate was KZT135.05. Judging on the mentioned sum of coupon payment 51.8% of the registered bonds were in circulation by register fixation date (July 15, 05). Development Bank of Kazakhstan also has informed that as of August 15, 2005 the major holders of bonds were pension market's subjects (1.33% "of the whole volume"), commercial banks (91.94%), other professional participants (6.73%). [2005-08-15]