KazAgroFinance JSC (Kazakhstan) plans offering of its bonds KZPC1Y05C285 (KAFIb1)

/KASE, March 13, 07/ - KazAgroFinance JSC (Astana), bonds of which have been included in the official list of KASE under "А" category, has spread the press release, saying: quotation start Kazakhstan Company KazAgroFinance JSC plans to offer the debuted issue of subscribed coupon bonds for a total of KZT3 bn., with circulation term for 5 years. The mentioned issue is the first within the frameworks of the first bonds program KazAgroFinance JSC, registered by the Agency of the Republic of Kazakhstan for regulation and supervision of the financial market and financial organizations dated October 12 2006 under the number C28, and the first issue of domestic bonds of the company, which passed through the listing procedure on Kazakhstan stock exchange (KASE). The issue is aimed at targeted financing of agricultural producers. Funds, borrowed via bonds offering, will be spent on projects for crediting agricultural producers and financial leasing of agricultural equipment. Crediting term is five years. In future it is planned within bonds program to perform issues of bonds with parameters, going with some projects for crediting the company (corresponding volumes, terms and conditions of maturity). The priority task, posed for KazAgroFinance JSC, implies to put into practice the concept of establishment of big full-fledged financial institute, which will be the strategic partner of the agricultural sector able to provide big clients community with the full range of financial services. In conditions of sizeable deterioration of machine-tractors park of the agricultural sector in the republic, attendance of deficit of financial resources, high crediting rates in the domestic borrowing market, the company plans to borrow additionally loan resources for import and further offering of agricultural equipment attached implements by the leading producers from far abroad countries within leasing. In order to continue successfully development of leasing relations and the crediting system, the management of the company is working for bringing the process of renewal of machine-tractors park in the agricultural sector of the republic to 30-35% counting from demand of village by way of borrowing both budget (credits and investments) and extra resources, borrowed at the domestic as well as international financial markets. To follow this purpose, the active search for optimal variants of borrowing and execution of loaned capital, including via credit facilities of foreign and international financial institutions, issue of debt securities. The coupon rate is fixed by results of the first specialized trades for initial offering of bonds, where the subject of trades is the coupon rate. The face value of a bond is KZT1 th. Coupon payment on subscribed coupons will be made every six months of bonds circulation up to maturity term by way of transferring funds to current accounts of bonds holders. The circulation term is 5 years. Bonds are paid off by face value, going along with the last coupon payment. Potential investors аге pension funds, managing and insurance companies. The joint organizers for offering of debuted issue were Investment Financial House RESMI JSC (Almaty) and the joint company Tsesna-Capital JSC (Astana). In order to get extra information, address to: KazAgroFinance the Republic of Kazakhstan, 010011, Astana, May 9 street, 71а, 1st doorway Financial department (3172) 580437, 580445 Quotation end Note of KASE: bonds KZPC1Y05C285 of KazAgroFinance JSC have been included in official list of KASE under "A" category since February 28 2006 under the code KAFIb1. [2007-03-13]