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).