Development Bank of Kazakhstan JSC (Kazakhstan) about the 8th coupon payment on its KZ2CKY05A473 issue bonds

/KASE, February 16, 06/ - Development Bank of Kazakhstan JSC (Astana) has informed Kazakhstan stock exchange (KASE) by the official letter about the fact that on February 15 of 2006 the bank paid the eighth 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). The issuer's message says amount of the payment totaled KZT80,533,927.80. According to 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) determined on bonds circulation start date (Kd=Xt/Xo, where Xo = 151.96). As of February 15 - coupon payment date - the current stock exchange's US dollar rate was KZT131.23. Judging on the mentioned amount of coupon payment 48.8% of the registered bonds were in circulation by register fixation date (February 15, 06). Development Bank of Kazakhstan also says as of January 15, 2006 the major holders of bonds were pension market's subjects (1.4% "of the whole volume"), commercial banks (97.6%), and other professional participants (1.0%). [2006-02-16]