NOTC KazTransOil CJSC (Kazakhstan) has successfully floated its first issue euronotes amounting $150m

/IRBIS, July 04, 01/ - According to today's press-release of NOTC KazTransOil CJSC (Astana is a member of National Company Oil and Gas Transportation) the company has successfully completed floatation of its euronotes of first issue in London amounting $150m with maturity in 2006. According to this message "This issue is a debut issue of Company's securities and the first issue of corporate bonds among companies of Kazakhstan on the international capital markets". At the same time it mostly refers to non banking sector companies. NOTC KazTransOil CJSC informed that total orders for bonds considerably exceeded the volume of issue and allowed to determine final yield at a level 8.67% APR and with coupon rate 8.50% APR , which was the low ceiling at the preliminary discussion of yield. The Road-show took place on June 25 - 28, 2001 in several cities of the USA, Frankfurt and London in the form of exclusive meetings with potential investors. As a result all investors that participated the Road-show ordered bonds of NOTC KazTransOil CJSC. The floatation has been diversified between American and European investors. Investors of Kazakhstan did not take part in the first floatation. The portion of American investors was 44.4%, the portion of investors from Great Britain and Germany was 26.3% and 18.4% respectively. Investors from Austria, the Netherlands and Spain also participated the floatation. According to the message NOTC KazTransOil CJSC is planning to include issued bonds into the official listing of Kazakhstan stock exchange (KASE), the "A" category, in order to enable Kazakhstani pension assets management companies and other domestic investors to buy them. Now the first issue (KZ73LAONAA35, trade code - KZTOb; 23.10.00 - 23.10.03; $100; $30m; semiannual coupon 9.0% APR, current market rate 9.24% APR) domestic bonds of KazTransOil CJSC are being traded at stock exchange. Today NOTC KazTransOil CJSC owns the rating of corporate credits for currency and KZT liabilities at the level "BB" with stable outlook from Standard & Poor's and also it owns international ratings for senior non provided currency liabilities at the level "B" from Fitch. Oil and Gas Transportation National Company (NC "OGT") was established according to the decree of the Government of the Republic of Kazakhstan #591, dated May 02, 2001, considering 100% participation in authorized capital. NC OGT will participate in all domestic and international projects of Kazakhstan on hydrocarbon resources transportation. According to the mentioned decree 100% of shares of NOTC KazTransOil CJSC, KazTransGaz CJSC, International Airport of Atyrau OJSC, Euro-Asia Air Helicopter company OJSC, 99% of Munay Impex CJSC have been transferred to the strength of the established holding. KazTransCommunication and Aktubneftsvjaz will transfer 90% of shares to the authorized capital and National sea shipping company Kazmorttransflot will transfer 50% of shares. The registered authorized capital of NC OGT is KZT33bn.