Bank TuranAlem OJSC (Kazakhstan) held the presentation devoted to the floatation completion of subsidiary's euronotes amounted $100m

/IRBIS, July 12, 01/ - Today Bank TuranAlem OJSC officially informed about the completion of euronotes floatation of its subsidiary TuranAlem Finance B.V. (the Netherlands, Rotterdam) amounting $100m. Euronotes were issued under full guarantee of bank, as it had been before with KAZKOMMERTSBANK OJSC (Almaty) and Kazkommerts International B.V. euronotes (the Netherlands, Rotterdam). Dresdner Kleinwort Wasserstein (DrKW, London) is a lead manager of issue, Raiffeisen Zent ralbank Osterreich AG and TuranAlem Securities (Almaty) are Co-managers. The presentation for investors took place in Frankfurt, Vienna, London and New York from May 30, 01 till June 07, 01. The Primary volume of applications was over $150m, however due to income part of applications has been cut off during the floatation. Bonds payment date (circulation starting date) is June 28, 2001. Maturity date is June 28, 04. Denominated in US dollars securities have semiannual coupon with fixed rate 11.50% APR and were floated under discount at 99.076% what meets the income at primary floatation on the international financial market 11.875% APR. The issue has "Ba2" rating from Moody's and "B" - from Standard7Poor's. Euronotes were included into listing of stock exchange of Luxembourg and may circulate in the international financial market without any limitation. The issue has been diversified in the following way: investors of the USA bought 33.16% of issue, investors of Europe bought 54.08% of issue, the rest 12.76% of issue were bought by other investors. Investors were presented by banks - 38.78% and different forms of funds - 61.22%. The following is euronotes' requisites: for Reg S - CUSIP N8965AA9, ISIN USN89065AA92; for Reg 144A - CUSIP 89989EAA5, ISIN USN89989AA55. As it was mentioned before euronotes' issuer is TuranAlem Finance B.V and its guarantee is Bank TuranAlem, which planes to initiate euronotes circulation in Kazakhstan. Meanwhile the underwriter will be TuranAlem Securities LLP. Document necessary for KASE listing have been already submitted to the stock exchange. TuranAlem Finance B.V was established under the resolution of Bank TuranAlem OJSC Board of directors of March 16, 01. The authorized capital was EUR18 th. Bank TuranAlem forwarded as the sole founder. TuranAlem Finance B.V. is a private limited company, registered according to the Netherlands's legislation. The Ministry if justice acknowledged the registration as a legal in April 23, 01, B.V. # is 1161598.