Shareholders of Astana-Finance JSC (Kazakhstan) approved company's third bond program issue for the amount KZT10.0 bn.

/KASE, July 22, 05/ - Astana-Finance JSC (Astana, hereinafter - company), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, presented KASE copy of the minutes of the next general meeting of its shareholders, which was held on July 11, 2005. According to the meeting's agenda company's shareholders elected new returning board consisting of three persons, approved big deals (information about deals was published at KASE on July 20, 2005) and issue of the company's bond program for the amount KZT10.0 bn. According to the minutes syndicated loan, organized by RMB International Limited bank (London, United Kingdom), and loan from Rabobank International (the Netherlands Kingdom), each of them equals to USD10.0 m., will be spent by the company in pre-export financing of Kazakhstan grain producers, loans of Bank Gesellschaft Berlin (Germany), - EURO10.0 m. and USD1.7 m. - for purchase of agricultural technique from CT Agro GmbH company (Germany) with a view of further leasing. Approved by shareholders deal with Bank TuranAlem JSC for the amount KZT12.0 bn. stipulates for financing under concession of chose in action (factoring), deal with ElitStroiInvest AK LLP for the amount USD10.0 m. - financing of investment project in Kiev, deal with KazAgro Trade+ LLP for the amount KZT870.0 m. - crediting of mentioned partnership. Company's primary activities - loan operations: granted of credits in money form; other operations, stipulated by banking legislation: rent of premises with lessor property rights for rented premises during the whole period of agreement (leasing); factoring operations: acquiring of chose in action for payment from buyer of goods (works, services) taking risks of nonpayment; other types of activity according to Charter and available licenses. [2005-07-22]