Kazakhstan Atomic company issued bills of exchange for a total of KZT300 mln

02.11.00 00:00
/IRBIS, Nov 02, 00/ - REUTERS informs that Kazakhstan national atomic company Kazatomprom issued bills of exchange in the form of promissory notes. By results of financial and economic activity for 1998-2000 the National Bank of Kazakhstan (NBK) included Kazatomporm in the list of first grade issuers. Notes were issued at KZT100,000; 500,000 and 2 mln of face value. The maturity term is 3 and 6 months. The company has already concluded several contracts with some major banks (TuranAlem and Citibank) over notes discounting. They will be discounted at fixed rates that includes discount rate of the NBK (14%) and the margin of a second-tier bank. Thus, Kazatomprom became the first national company issuing its notes.