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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 18, 2000 No. 597

About approval of Rules of release, placement, the address, repayment and servicing of the state medium-term treasury currency liabilities of the Republic of Kazakhstan with circulation period one year and more

(as of October 28, 2001)

For the purpose of diversification of financial instruments of borrowing in the domestic capital market and activization of attraction of financial resources for financing of the budget Government of the Republic of Kazakhstan DECIDES: programs

1. Approve the enclosed Rules of release, placement, the address, repayment and servicing of the state medium-term treasury currency liabilities of the Republic of Kazakhstan with circulation period one year and more.

2. Determine that:

1) money from primary placement of the state medium-term treasury currency liabilities of the Republic of Kazakhstan arrives in the republican budget;

2) expenses on release, placement, repayment and servicing of the state medium-term treasury currency liabilities of the Republic of Kazakhstan are made at the expense of means of the republican budget.

3. This resolution becomes effective from the date of signing.

 

Prime Minister of the Republic of Kazakhstan K. Tokayev

Approved by the order of the Government of the Republic of Kazakhstan of April "18", 2000 No. 597

Rules of release, placement, the address, repayment and servicing of the state medium-term treasury currency liabilities of the Republic of Kazakhstan with circulation period one year and more

1. General provisions

1. These rules determine procedure for release, placement, the address, repayment and servicing of the state medium-term treasury currency liabilities with circulation period one year and more in the territory of the Republic of Kazakhstan (further - treasury currency obligations).

2. The name "state medium-term treasury currency liabilities" in official language - "memleketik Horta merzimdi kazynashylyk valyutalyk, mindetteme" (MEOKABM).

3. Treasury currency obligations are issued government securities of the Republic of Kazakhstan, are issued by the Ministry of Finance of the Republic of Kazakhstan (further the Issuer) on behalf of the Government of the Republic of Kazakhstan for the purpose of financing of the current deficit of the republican budget and freely are traded on the securities market of the Republic of Kazakhstan according to the current legislation of the Republic of Kazakhstan.

4. Treasury currency obligations grant to holders the right to their nominal value in case of repayment and on receipt of remuneration (interest) as a percentage in nominal value paid according to the procedure, established by these rules.

5. Treasury currency obligations are issued in paperless form, are placed by auction method and address by conducting the corresponding records on accounts of "depot" of their holders in "Central Securities Depository" private company (further - Depositary) and on the accounts of "depot" opened at primary dealers in the market of government securities on their investors.

2. Release and placement of treasury currency obligations

6. Each release it agrees to the parameters set by the Issuer has the national identification number assigned by National Bank of the Republic of Kazakhstan according to the current legislation. Parameters of release of treasury currency obligations are represented by the Issuer to National Bank of the Republic Kazakhstanne later, than in 3 working days prior to release. Term can be changed as agreed by the parties.

7. Nominal value treasurer currency obyazatelstva100 US dollars.

8. The National Bank of the Republic of Kazakhstan acts as the financial agent performing primary placement of treasury currency obligations (further - the Financial agent). Relations between the Issuer and the Financial agent are regulated by the current legislation of the Republic of Kazakhstan, these rules, the Agreement on primary placement and servicing of government securities of the Republic of Kazakhstan signed between the Issuer and the Financial agent.

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