Nurbank OJSC (Kazakhstan) will increase authorized capital up to KZT5.0 bn and issue subordinate bonds for KZT4.0 bn

/KASE, March 6, 03/ - Nurbank OJSC (Atyrau), whose bonds are traded in Kazakhstan stock exchange's (KASE) official "А" listing category, presented KASE a copy of minutes of the prescheduled general shareholders meeting, which had been held on January 28 of 2003. In accordance with the approved agenda shareholders of Nurbank OJSC decided to: - increase the bank's announced authorized capital from 3.0 bn to 5.0 bn tenge by means of additional shares issue with total face value KZT2.0 bn, including 160,000 common inscribed and 40,000 privileged inscribed shares with the face value KZT10,000.00; - issue inscribed coupon indexed subordinate bonds with total face value KZT4.0 bn consisting of 250 th. share with circulation term equaling to 8 years and coupon rate equaling to 9% APR for increasing of crediting volumes and expansion of the bank's spheres of activity. [2003-03-06]