Development Bank of Kazakhstan CJSC (Kazakhstan) plans to raise KZT11.0bn additionally in 2002-2003
/KASE, March 25, 02/ - Development Bank of Kazakhstan CJSC (Astana)
provided the KASE with a copy of the minutes of the annual general
shareholders meeting which was held on March 18, 2002.
At the meeting Development Bank of Kazakhstan CJSC shareholders made
changes and amendments to the agenda and after that approved annual
financial statements audited by KPMG Janat LLP and the conclusion of the
Inspection commission on 2001 annual financial statements, as well as
decided to publish financial statements in "Egemen Kazakhstan" and
"Kazakhstanskaya pravda" newspapers.
Besides, the shareholders made the following decisions:
- on possible attraction of additional KZT11.0bn, apart from the borrowing
limits set by the extraordinary meeting of the shareholders of Dec 20,
2001 (KZT4.5bn on domestic market and up to $100m on external
market), through the issue of indexed coupon bonds for up to 10 years
and/or borrowing syndicated loan on external capital market;
- elect Dunaev Arman Galiaskarovich (vice-minister of finance) to the
chairman of the Board of directors of Development Bank of Kazakhstan CJSC;
- make changes and amendments to the charter of Development Bank of
Kazakhstan CJSC regarding the elimination of incompliance of the
charter norms with the law of Kazakhstan "On Development Bank of
Kazakhstan CJSC" for 2001-2003, as well as possible external meetings
of the Board of directors.
First issue indexed coupon bonds (KZ2CKY05A473; KZT4.5bn; KZT1,000;
Feb 15.02 - Feb 15.07; semiannual coupon at 8.5% APR) of Development
Bank of Kazakhstan CJSC were admitted to the official list of KASE
securities under category "A" on February 19, 2002.