On March 6 the first coupon payments was made on domestic bonds of OJSC "KAZKOMMERTSBANK"

17.03.00 00:00
/IRBIS, March 17, 00/ - OJSC "KAZKOMMERTSBANK" (Almaty, KASE official list of securities, category "A") informs that the first coupon on its domestic currency bonds was made on March 6 of current year in accordance with the issue rules. It is said after the bond issue (Aug.11,99) in September 1999 OJSC "KAZKOMMERTSBANK" was the first among Kazakhstani banks to successfully launch them on domestic market. Total volume of the issue is $30 mln, interest rate - 10% APR, circulation term - 2 years. On August 31, 1999 the bonds of the bank were entered into KASE official list under the category "A" (trade code - KKGBb), and from November 3 the bank received a status of a specialist (variation of a market-maker) on its own bonds. Besides, OJSC "KAZKOMMERTSBANK" is the first (so far the only) emitter of corporate eurobonds on international markets in Kazakhstan (three year eurobonds were issued on May 8, 99 for a total of $100 mln through its affiliated company "KAZKOMMERTS INTERNATIONAL B.V.", registered in Netherlands - comm. IRBIS).