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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of December 30, 1997 No. 1859

About approval of Rules of release, the address and repayment of the state special treasury obligations of the Republic of Kazakhstan

(as of October 28, 2001)

According to the Law of the Republic of Kazakhstan of December 31, 1996. "About the republican budget for 1997" (1996, N 23-24, stations 414) and for the purpose of renewal of debt of the Government of the Republic of Kazakhstan to National Bank of the Republic of Kazakhstan on the obtained credits in 1991-1997 in government securities of the Government of the Republic of Kazakhstan decide sheets of Parliament of the Republic of Kazakhstan:

1. Approve the enclosed Rules of release, the address and repayment of the state special treasury obligations of the Republic of Kazakhstan.

2. To the Ministry of Finance of the Republic of Kazakhstan to sign with National Bank of the Republic of Kazakhstan the Devolution agreement in property to National Bank of the Republic of Kazakhstan of the state special treasury obligations in debt repayment of the Government of the Republic of Kazakhstan before National Bank of Kazakhstan for 1991-1997.

3. To the Ministry of Finance of the Republic of Kazakhstan to perform since January 5, 1998 release of the state special treasury obligations of the Republic of Kazakhstan in the amount equal to the amount of debt of the Government before National Bank of the Republic of Kazakhstan on the obtained credits during 1991-1997 in the amount of 36850374 thousand tenges, with circulation period ten years and to enlist them into the custody account of National Bank of the Republic of Kazakhstan opened in "Central Securities Depository" private company.

4. Determine that repayment of the state special treasury obligations of the Republic of Kazakhstan and their servicing will be made at the expense of means of the republican budget.

 

Prime Minister of the Republic of Kazakhstan N. Balgimbayev

Approved by the order of the Government of the Republic of Kazakhstan of December 30, 1997 No. 1859

Rules of release, address and repayment of the state special treasury obligations of the Republic of Kazakhstan

I. General provisions

1. These rules determine procedure for release, the address and repayment in the territory of the Republic of Kazakhstan of the state special treasury obligations of the Republic of Kazakhstan with circulation period ten years (further - special treasury obligations).

The name "state special treasury obligation" (SSTO) in Kazakh hereinafter is referred to as - "As Memleekettik of arnaula kyzynashylyk mindetteme" (MEAKAM).

2. Special treasury obligations are government securities, 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 and freely are traded on the securities market of Kazakhstan according to the current legislation of the Republic of Kazakhstan.

3. Special treasury obligations are issued in paperless form in the form of signing up on custody accounts in Central Securities Depository Ltd (further - the Central depositary).

II. Release and address of special treasury obligations

4. Release of special treasury obligations has the national identification number assigned by National Bank of the Republic of Kazakhstan (further - National Bank) in compliance the existing legal acts agrees to the release parameters approved by the Issuer.

5. On release of special treasury obligations the Global certificate (appendix to these rules) in which the following parameters of release are reflected is drawn up:

- national identification number;

- release amount;

- circulation period;

- date of issue;

- repayment date;

- nominal value of special treasury obligation;

- remuneration rate;

- remuneration payment date.

6. The global certificate is drawn up in duplicate, one for the Issuer, and the second for National Bank.

7. After circulation period of special treasury obligations and execution by the Issuer of the obligations, the Global certificate is nullified.

8. Nominal value of special treasury obligations of 1000 (one thousand) tenges.

9. On nominal value of special treasury obligations, since January 1, 2000, the remuneration rate given in the Global certificate at the same time for calculation of the amount of remuneration for the corresponding period is charged the number of calendar days in settlement period of the address of special treasury obligations and 365 days in year is used.

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