Issue, circulation and repayment terms of the first issue bonds of KazTransCom OJSC (Kazakhstan)

/IRBIS, September 26, 03/ - Below is characteristics of bonds of KazTransCom OJSC (Almaty) of the first issue given in accordance with their including into Kazakhstan stock exchange's (KASE) official "A" listing category. Data is shown in accordance with conclusion of KASE's Listing commission. ------------------------------------------------------------------------------- Type of securities: inscribed coupon indexed bonds Type of debt: senior unsecured Issue currency: Kazakhstan tenge (KZT) Servicing currency: Kazakhstan tenge (KZT) Character of indexation: face value on changing of stock exchange's rate of KZT to USD with protection from tenge revaluation National identification number: KZ2CKY07A834 Issue number in state register: А83 Register maintenance: FONDOVIY CENTER CJSC (Almaty) Date of issue registration: July 25, 03 Face value: KZT1.00 Issue volume in issue currency: 3,000,000,000 Issue volume in securities: 3,000,000,000 Date of circulation start (issue date): July 25, 03 Circulation term: 7 years Floatation term: 3 years since circulation start date Maturity date: July 25, 10 Interest rate 8.0% APR of bonds' i ndexed face value Dates of interest payment January 25 and July 25 of each year Time basis at all settlements 30/360 European method Register fixation term 30 days before payment date at coupon payment: Register fixation dates for December 25 and June 25 of each year coupon payment: Register fixation term at maturity: 30 days before maturity date Register fixation date at maturity: June 25, 10 Financial consultant of the issue: Alliance Investment Management JSC (Almaty) Date of admittance in trade lists of KASE: September 26, 03 Trade code of KASE: KZTCb1 Date of first trades: will be determined later Accuracy of price change at quoting: 4 decimal figures Market-maker at KASE: Alliance Investment Management JSC Minimal volume of compulsory quotation: 1,700,000 bonds Credit ratings of the issue absent on issue date Credit ratings of the issuer absent on issue date ------------------------------------------------------------------------------- Indexed face value is calculated as product of the face value by devaluation/revaluation rate coefficient. Coefficient of devaluation/revaluation rate Kd is calculated as a ratio of current weighted average rate of US dollar relative to tenge (Xt), which was determined at KASE's morning session, to similar rate (Xo) on the date of bonds circulation starts (Kd = Xt/Xo). If Xt less than Xo, Kd = 1 Interest payment on the bonds will be distributed in tenge twice a year in each six months since the date of bonds circulation starts on the basis of 360 days in the year and 30 days in the month during the whole circulation term of the bonds. Persons, who purchased bonds no later than 30 days before the date of interest payment, have the right to receive interest. Bonds will be redeemed at their indexed face value by means of money transfer to the current accounts of bondholders, who have been registered in bondholders register no later than 30 days before maturity date. If the date of coupon interest payment or maturity date coincide with a day off or a holiday, payment for bondholder will be made on the first working day, which will follow the day off or the holiday. A bondholder has no right to demand interest or another compensation for such delay of payment. Calling of the bonds (full or partial) will be exercised at index nominal face value of securities with the repayment of coupon. Amount of coupon will be calculated based on actual term of circulation of bonds starting from the moment when last coupon were paid till the day when bonds are called and holders are paid. A notification of bondholders about full or partial calling of bonds will be made 30 calendar days in advance before the date when advanced repayment is done, which will be published in Kazakhstanskaya Pravda newspaper and KASE's web-site. Advanced partial repayment of bonds will be based on list of bondholders starting from those who submitted applications earlier. Approval of applications from bondholders will be made within amount which company announced as a sum for advanced partial repayment. Bonds' proceeds will be used for laying of optical cable at Atyrau-Tengiz-Aktau and Shymkent-Kumkol sites to provide external operators and end-users with communication services at mentioned sites of construction, as well as for construction of 9 telecommunication centers in the areas of oil operators' concentration, which will form a kernel of long-haul satellite network and will become a part of common integrated network of the company. Detailed information about securities and their issuerwill be posted on the web site of the KASE (www.kase.kz) in the nearest future. [2003-09-26]