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09.08.2011 15:24 #Issuer news

/CORRECTED/ BTA Securities provides additional information on proposed sale of block of BTA Bank (Kazakhstan) international bonds scheduled for August 15, 2011

/KASE, August 9, 11, re-sent due to BTA Securities correcting the last paragraph of its letter/ - Joint-Stock Company BTA Securities, a subsidiary of Joint-Stock Company BTA Bank (Almaty, in the heading - JSC "BTA Securities"), a member of the stock market of Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following:

quote

Herewith, BTA Securities announces that a special trading session for placement of a block of BTA bank bonds belonging to LLP OIK-Stroitechsnab (hereinafter - the Seller) is scheduled for August 15, 2011, with the bonds' features as follows:

----------------------------------------------------
    Type of security      ISIN          Number
-- ------------------ ------------ -----------------
1. Senior Notes       XS0532988770 55,253,256  units
2. Subordinated Notes XS0532990677 12,519,435  units
3. Recovery Units     XS0532995049 114,147,785 units
----------------------------------------------------

Selling of the mentioned block of bonds is planned as part of the Seller's bankruptcy procedures and settlement of the resulting accounts payable. Responsibilities of the bankruptcy trustee are vested in Mr. A. Akhmetov, who acts upon resolution # 5-8/1 dated January 6, 2011 of the Committee for Handling of Insolvent Debtors "ZHETYSU" covering the city of Almaty.

The cut-off parameter will be the "dirty" price. It is expected that the seller will be satisfying buyers' orders similarly to English auction. Hence, buyers' orders equal to or higher than the start prices fixed by the bankruptcy trustee will be satisfied.

In general, five sections of the special trading session are supposed to be held simultaneously, with the main parameters as follows:

-------------------------------------------------------------------
                                                        Total start
Trading                                                    value at
session              Type of   Placement      Number          dirty
section             security      volume     of lots          price
--------- ------------------ ----------- ----------- --------------
1.        Senior Notes        55,253,256     24 lots  6,986,347,953
          ISIN XS0532988770        units   2,302,219          tenge
                                          units each
2.        Subordinated Notes  12,519,400     20 lots    929,193,624
          ISIN XS0532990677        units     625,970          tenge
                                          units each
3.        Subordinated Notes    35 units           - 2,597.71 tenge
          ISIN XS0532990677
4.        Recovery Units     114,147,600     20 lots  1,053,825,727
          ISIN XS0532995049        units   5,707,380          tenge
                                          units each
5.        Recovery Units       185 units           - 1,707.94 tenge
          ISIN XS0532995049
--------- ------------------ ----------- ----------- --------------
                Grand total placement volume 8,969,371,610.00 tenge
-------------------------------------------------------------------

Accumulative pension funds, second tier banks and financial institutions, insurance companies, and brokerage and dealing institutions are considered as investors with regard to the mentioned bonds issues.

unquote

[2011-08-09]