BANK CASPIAN OJSC (Kazakhstan) has made the decision about the second issue of subordinated bonds

/KASE, October 22, 02/ - BANK CASPIAN OJSC (Almaty), whose securities are circulating under stock exchange's official "А" listing category, provided KASE with the copy of minutes of the prescheduled general shareholders meeting, which had been held on October 10 of 2002. In accordance with the accepted agenda shareholders of BANK CASPIAN OJSC made the decision about making of the second issue of subordinated bonds and approved the issue terms. In accordance with the approved terms of the second bonds issue, issue volume of the bank's inscribed coupon subordinated bonds will equal at the face value to KZT3.1bn, number of bonds is 155,000, circulation term is 7 years, interest rate is 9.5% APR. [2002-10-22]