/IRBIS, Sergey Yakovlev, December 21, 06/ - Following is the characteristics of KZ2P0Y03C186 bonds of KazAgroFinance JSC (Astana), which is given in accordance with their inclusion in Kazakhstan stock exchange's (KASE) official "A" listing category.

Data is shown in accordance with conclusion of KASE's Listing commission and prospect of issue of bonds.

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Type of securities:                          bonds with floating
                                             coupon rate
Debt type:                                   unsecured
Issue and servicing currency:                Kazakhstan tenge (KZT)
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Bond program number                          C28
in the state register
Registration date of the bond program        October 12, 06
Amount of bond program                       KZT30 bn.
Issue number in bond program                 1
Issue number in the state register           C28-1
Registration date of the issue               October 12, 06
National identification number:              KZ2P0Y03C186
Register bondholders maintenance:            Register - Center JSC (Astana)
Financial consultant:                        DERBES
                                             SECURITIES JSC (Astana)
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Face value of a bond                         KZT1,000
Issue volume in issue currency:              3,000,000,000
Issue volume in securities:                  3,000,000
Date of circulation start:                   December 28, 06
Circulation term:                            5 years
Offering term:                               during whole circulation term
Register fixation date at maturity:          as of beginning of
                                             December 27, 11
Maturity start date:                         December 27, 11
Maturity term:                               10 working days,
                                             following the day of end of
                                             circulation term of bonds
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Coupon rate:                                 for the first coupon
                                             period is determined
                                             by results of specialized
                                             trades, later - floating,
                                             depending on inflation rate in
                                             Kazakhstan
Register fixation dates for coupon payment:  as of beginning of June 27 and
                                             December 27 annually
Coupons payment start dates:                 June 28 and
                                             December 28 each year
Term of coupon payments:                     10 working days,
                                             following after the last day
                                             of the period, for which the payment
                                             is made
Time basis at all settlements:               30/360, European method
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Date of admittance in trade lists of KASE:   December 28, 06
Trade number of KASE:                        KAFIb1
Date of first trades:                        will be announced later
Quoting system on KASE:                      in net prices,
                                             % from the face value
Accuracy of price changing in quoting:       up to 4 decimal places
Underwriter and                              Investment Financial House RESMI JSC
market maker at KASE                         (Kazakhstan)
Minimal volume of compulsory quotation       2,060 bonds
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Credit ratings of the issue:                 absent as of December 28, 06
Credit ratings of the issuer:                Moody's: Baa2/stable/P-2
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Indexation of coupon payment, starting from the second coupon period, is executed taking into account inflation rate in accordance with formula S =C*i2/i1, where: C - rate of the coupon payment for the first coupon period;
S - rate of coupon payment taking into account indexation on the regular coupon payment;
i1 and i2 - inflation indexes, counted on the basis of increase or decline of the annual average consumer price index, presented by the Statistics agency of Kazakhstan for last 12 months, preceding two calendar months before the first day of the month of bond circulation start and payment of the regular coupon payment, respectively.

The upper level of inflation rate determines maximal value of coupon rate at 15%. Minimal value of coupon rate is constrained by coupon rate (C), determined by results of specialized trades on initial offering of bonds (i.e. if i2

According to the decision of issuer's Board of directors after expiry of three years from the circulation start date bonds can be purchased partial or completely. Purchase of bonds with the purpose of their prescheduled partial or complete redemption is executed at face value taking into account accrued interest on the purchase date. An issuer informs investors about its intention to purchase bonds not later than 30 calendar days prior to an officially announced date of the start of bond purchase. Information about bond purchase is sent to KASE and is published in The Kazakhstanskaya Pravda newspaper. In case of increase of volume of bonds, which was declared by investors to prescheduled partial redemption, over the volume, declared by the issuer to prescheduled partial redemption, the issuer redeems those bonds, bids on which were received earlier, ahead of time.

Detailed information about the issuer and the securities is available on KASE's web-site at see more

[2006-12-28]