Issue, circulation and repayment terms of the first issue bonds of NOTC KazTransOil CJSC (Kazakhstan)

/IRBIS, Oct 19, 00/ - Today, by the decision of the Exchange Council dated Oct 19, 2000 the registered coupon bonds of KazTransOil National Oil Transporting Company CJSC of the first issue were admitted into official list of KASE securities of category "A" (KZ73LAONAA35, trade code KZTOb). Date of emission registration - Oct 13, 2000. Emission and circulation date - Oct 13, 2000. Placement period - three years from circulation date. Circulation period - 3 years. Redemption date - Oct 23, 2003. Face value - $100. Emission volume at face value - $30m (300 th bonds). Coupon rate - 9.0%. Interest payments are made twice a year - Apr 23 and Oct 23. The issuer's registrar is maintained by Fondovii Center CJSC (Almaty, the license #20050002 of the National Securities Commission of Kazakhstan dated Dec 12, 1996). The payment procedures for the bonds are to be made at the KZT/USD official rate set by the National Bank on payment day. Interest repayments will be paid off using 360/30 time base (360 days in a year, 30 days in a month). Funds will be paid off to those entities who purchased bonds prior 30 days to payment date. Bonds redemption will be executed at face value simultaneously with repayment of the last coupon. Money will be transferred to a holder's account registered in holders-registrar prior 30 days to the payment date. In case, if the date of coupon payment, repurchase or redemption date falls on holiday, the payment will be made on the next business day. The bonds holder does not have right to demand compensation for a such kind of delays. The funds raised through the issue will be used to finance modernization of the company's existing facilities and introduction of new operating productions. Kazkommerts Securities OJSC (Almaty) Halyk Bank Kazakhstan OJSC (Almaty) will be financial consultants of the KazTransOil bonds issue.