Issue, circulation and maturity terms of bonds of KAZNEFTEKHIM LLP of the first issue

/IRBIS, October 15, 02/ - Following is the characteristics of bonds of KAZNEFTEKHIM LLP (Almaty) of the first issue published in connection with their admittance into official list of securities of Kazakhstan Stock Exchange (KASE) under category "B". The given data is based on conclusion of listing commission of KASE and data presented to the exchange by the issuer. ------------------------------------------------------------------------------------------- Type of securities: inscribed coupon indexed bonds Indexation type par value on devaluation level of KZT to USD Debt type: unsecured Issue currency: Kazakhstani tenge (KZT) Servicing currency: Kazakhstani tenge (KZT) Credit ratings of issue: absent as of issue date Credit ratings of issuer: absent as of issue date National identification number: KZ2PKY02A634 Issue number in state register: А63 Register maintenance: Register-Service LLP (Almaty) Date of issue registration: September 13, 02 Par value in issue currency: 1,000.00 Issue volume in issue currency: 305,800,000.00 Issue volume in securities: 305,800 Date of circulation start (issue date): October 15, 02 Floatation term: 2 years Circulation term: 2 years Maturity date: October 15, 04 Interest rate size 14.0% APR of indexed face value Date of interest payment April 15 and October 15 of each year Time basis at all calculations 30/360 Register fixation term at coupon payment: 30 days before payment date Register fixation dates at coupon payment: March 15 and September 15 of each year Register fixation term at maturity: 30 days before maturity date Register fixation date at maturity: September 15 of 2004 Financial consultant: RG Securities LLP (Almaty) Date of admittance in trade lists of KASE: October 15, 02 Date of first trades: Will be determined later Trade code of KASE: KZNHb1 Accuracy of price change at quoting: 4 decimal figures Market-maker at KASE: absent (not provided for this listing category) ------------------------------------------------------------------------------------------- Debt's indexed par value is calculated as product of the face value upon devaluation/revaluation rate coefficient. Devaluation/revaluation rate coefficient (Kd) is calculated as ratio of the current weighted average US dollar rate (Xt), which was determined at the morning KASE trade session, towards similar rate (Xo) on bonds' circulation starting date (Kd=Xt/Xo). The coefficient is not rounded at settlements. Terms of interest payment and redemption Interest payment on bonds is made by the issuer twice a year on the base of time basis 360/30 (360 days in the year / 30 days in the month), correspondingly in six and twelve months since bonds' circulation starting date each year till maturity date. Interest rate payment and bonds' redemption is made in tenge by means of money transfer to the current accounts of bondholders. Persons, who purchased bonds no later than 30 days till the date of interest rate payment or redemption of bonds have the right for receiving of interest rate and indexed face value. If the date of interest rate payment or bonds redemption is a day off, payments for bondholder is made on the first working day, which follows this day off. Bondholder has no right to demand charging of interest or any other compensation for such delay of payment. Sum of interest rate is calculated as product of indexed face value upon interest rate and number of days in the period of interest charging divided into 360 days. Bonds redemption is made at bonds' indexed face value, which are in circulation on maturity date. Purpose of the borrowing Means received from bonds issue in the amount of KZT305.8m will be used by the company for production development of subsidiary companies Zhem Oil Base LLP, KazTransGroup CJSC and replenishment of working capital of KAZNEFTEKHIM LLP. It is planned to direct KZT58.3m for development of Zhem Oil Base LLP, including: purchasing and assembly works of stationary plant (KZT23.7m), extension of oil loading rack (KZT15.0m), purchasing of pumping and labware (KZT12.1m), repairs and building (KZT7.5m). It is planned to direct KZT64.5m for development of KazTransGroup CJSC, including: purchasing of ten tankers (KZT61.2m), beam crane and purchasing of equipment for auto workshops (KZT2.5m), repairs and building works of auto garages (KZT780.0 th.). There will be directed KZT183.0m for replenishment of working means of KAZNEFTEKHIM LLP. [2002-10-15]