Issue, circulation and repayment terms of the first issue bonds of KASPIYAN BANK OJSC (Kazakhstan)

/IRBIS, June 18, 00/ - The following is inscribed coupon bonds first issue characteristics of KASPIYAN BANK OJSC (KAZAKHSTAN) due to entering into official list of securities of Kazakhstan stock exchange (KASE) under category "A". ---------------------------------------------------------------------------- Type of security: Inscribed coupon bond, indexed to the KZT/USD exchange rate Provision: without provision Issue credit rate: absent Issuer credit rate absent National identification number KZ2CUY03A370 Issue number in state list А37 Maintenance of the register Securities registering system CJSC (Almaty) Issue registration date July 06. 01 Bonds face value $100.00 Issue volume in dollars $15,000,000 Issue volume in securities 150,000 Issuance (circulation) date: July 13. 01 Floatation term 3 years from the beginning of circulation Circulation term 3 years Maturity date July 13. 04 Interest rate 9.5% APR Interest payment date: January 13 and July 13 annually Time basis at all payments 30/360 Register fixing term at coupon payment 30 days up to payment date Register fixing dates at coupon payment December 13 and June 13 annually Register fixing term at redemption 30 days up to repayment date Register fixing date at redemption June 13. 04 Servicing of emission: in KZT at National bank rate fixed on the date of actual payment Financial consultant of issue Kazkommerts securities OJSC (Almaty) Payment agent BANK CASPIAN OJSC Date of admission into trade list KASE July 19. 01 First trades date will be additionally announced: KASE trade code CSBNb1 Accuracy of quotations 4 decimal points Market maker at KASE Kazkommerts securities OJSC Minimal volume of obligatory quotations 30 bonds ---------------------------------------------------------------------------- Face value coupon payment is at the first working day following next after the week end or holiday in case if one of indicated interest payment date comes for week end or holiday. In this case coupon payment accumulation from week end or holiday is not realized and shareholder has no right to demand rewarding bonus or any reimbursement. None of shareholders has right for preliminary bonds payment. According to issuer's information floated bonds will be directed to large enterprises credit granting and enterprises of middle and small business. Bonds issue will enable issuer to diversify and increase terms of attracted funds and expedite activity at financial market of Kazakhstan.