Bank TuranAlem OJSC (Kazakhstan) finished the floatation of eurobonds of the 2ND issue

/IRBIS, June 4, 02/ - On May 31 of current year Bank TuranAlem OJSC (Almaty) made a presentation due to ending of floatation of the 2nd issue eurobonds of subsidiary TuranAlem Finance B.V. (Rotterdam, Netherlands) at the international markets. The table below shows main parameters of the issue using the information given by Bank TuranAlem OJSC, BLOOMBERG, REUTERS and Moody's Investors Service agencies. ------------------------------------------------------------------------------ Issuer: TuranAlem Finance B.V. Lead-manager Deutsche bank AG Type of bond: Global bonds Type of debt: Primary, unsecured, non-subordinating, guaranteed International identification number: XS0148572901 Issue currency: USD Issue volume in issue currency: 10,000,000 Announcement day: May 17,02 Payment date (circulation start): May 29,02 Circulation term: 5 years Maturity date: May 29,07 Type of coupon: Semi-annual Coupon rate: 10.000% APR Coupon payments dates: May 29 and November 29 each year Time base of yield calculation:: ISMA-30/360 Credit ratings: Moody's Ba2 positive S&P B+ stable composite BB3 Price in the first floatation 99.041% Yield to maturity in floatation 10.250% APR* Lot in the first floatation: 1,000.00 Current quotations at the market (REUTERS): prices (demand / supply/weighted average), % 99.000 / 100.000 / 99.500 yield (demand / supply), % APR 10,260 ------------------------------------------------------------------------------ * - 567 basic points over US Treasury bills as of May 07, 02 with coupon rate 4.375% APR According to the information of Bank TuranAlem OJSC the issue is diversified as follows: 34% of total issue volume were purchased by investment and insurance funds of the USA, and also by assets management funds, approximately 5% were distributed in Germany and Denmark, 15% - in the UK and Russia. At present the bonds are included in the listing at Luxemburg stock exchange. Bank TuranAlem is working on putting the debentures to internal market of Kazakhstan. [2002-06-04]