Issue, circulation and repayment terms of the first issue bonds of OJSC "KEGOC" (Kazakhstan)
27.06.00 00:00
/IRBIS, June 27, 00/ - As it was informed earlier, by the decision of the
Exchange council of Kazakhstan stock exchange (KASE), dated June 23,
2000, discounted bonds of OJSC "KEGOC" (Astana) were entered into
official list of securities of the Exchange under category "A".
GENERAL INFORMATION OF THE BOND ISSUE
Issue registration date: June 13, 2000
Type of the securities: discounted bonds, indexed by
the change in the exchange
rate of tenge to U.S. dollar
National identification number: KZ73LAIVAA09
KASE trade code: KEGCb
Face value, USD: 100.00
Issue volume, USD: 2,500,000.00
Number of bonds: 25,000
The issuer's register is maintained by LLP "Kazregistr" (Almaty), the license
#0406200022 of the National securities commission of Kazakhstan issued on
August 3, 1999.
The issue terms do not contain norms that may discriminate or limit the rights
of the owners to transfer (alienate) the securities.
OFFERING AND REPAYMENT TERMS OF THE BONDS
Offering and circulation of the bonds begins on August 1, 2000. Offering will
last 80 days. Circulation term is 91 days from the time the offering began
(Oct.31, 00). Circulation of the bonds will end 5 business days before the
maturity date.
The bonds are repaid at their face values on the 91st day from the date the
circulation started. If the maturity date happens to be a week-end then the
owners of the bonds will receive the payments on the first business day after
the week-end.
All repayments are to be made in tenge to U.S. dollar exchange rate of
the National Bank of Kazakhstan, effective on the payment date.
The owner of the bonds will receive an income equal to the difference
between discounted value of the purchase and the repayment face value of
the bonds.
FUND RAISING GOALS
The money, raised by the issue of the bonds, will be used to finance the
main production of OJSC "KEGOC" to conduct major overhaul under the
most favorable climatic conditions, as well as to purchase the equipment that
prevents emergency situations in the network and lowers the losses of
neglected electricity.