Securities of Bank TuranAlem OJSC: information published regarding TuranAlem Finance B.V.

18.07.01 00:00
/IRBIS, July 18, 01/ - There are two types of securities of the Bank issued according the Law of Kazakhstan and are circulating on the securities market (common inscribed shares and subordinated coupon bonds). SHARES In total five emissions of shares were registered in Kazakhstan. All of them were common inscribed shares at face value of KZT10,000. The third emission did not pass government registration and was subsequently canceled and substituted by the fourth emission. All shares are issued in noon-documentary form and are having common national identification number (NIN) KZ1C34920013. The registrar is maintained by KAZREGISTR LLP (Almaty). According to the terms and conditions of emissions dividend amounts are to be defined by General meeting of shareholders. The AGM (annual general meeting) held on June 6, 1998 decided to cancel dividends for 1997 due to losses incurred by the bank. The AGM held on July 15, 1999 and Aug. 10, 2000 dividends for 1998 and 1999 have not been accrued, the incurred profit was provided for covering of past losses. The dividends for 2000 will have been discussed by July 15, 2000. After passing listing procedure common inscribed shares of the Bank were admitted into category "A" of the official listing on Sep.09, 1999 (trade code BTAS). These securities were most tradable during 2000. Volume of 95 deals made in all sectors of KASE reached 573,057 shares for $36.4m. One should note that these securities have been frequently used as repo instrument both in the repo and the purchase-sale sectors. In 2001, shares of Bank TuranAlem continue to take leading market positions. As of July 18, volume of 74 deals reached $32.1m. For the whole circulation period, minimal price of BTAS in the purchase-sale sector was $68.66, maximal - $92.57. Last deal was made at $73.03. The "specialist" responsibilities over the Bank's shares are executed by TuranAlem Securities LLP (Almaty). As of July 17, 20001, stock exchange market capitalization of the bank equaled $94.0m. BONDS Till present, the National Securities Commission of Kazakhstan registered single emission of bonds of Bank TuranAlem OJSC (KZ2CUY08A320; category "A" of the official listing; BTASb1; $100; $20m; Feb.19, 01-Feb19, 09; semiannual coupon - 12.0%). The bonds have been traded at KASE from Feb.19, 2001. In overall, 32 deals were made for $4.1m (39,520 bonds) including in the repo sector - 6 deals for $210.0 th. (2,010 bonds). Over purchase-sale deals yield to maturity varied from 11.30% to 11.50% (semiannual basis). The last deal yield equaled 11.50%. In the purchase-sale sector BTASb1 takes fourth tradable position (between Feb.19, 2001 and July 17, 2001) after bonds of NOTC KazTransOil CJSC, NOC Kazakhoil CJSC and Halyk Bank Kazakhstan. On the overall stock exchange market (including repo sector and initial offerings) - fifth positions (with addition of Kazakhstan Temir Joly bonds). The market-maker responsibilities over the Bank's bonds are executed by TuranAlem Securities LLP (Almaty).