Alliance Bank OJSC (Kazakhstan) informed about floatation of its subordinate bonds of the 1st issue for KZT1.0 bn
/IRBIS, February 7, 03/ - Today Alliance Bank OJSC (Almaty) distributed press-
release, which says that the volume of primary floatation of the bank's
internal indexed on tenge devaluation subordinate bonds of the first issue
(KZ2CKY07A701, KASE's official "А" listing category, ASBNb1; KZT1, KZT3.0 bn,
December 23, 02 - December 23, 09, semi-annual coupon 9.0% APR) reached
KZT1 bn in the debt's nominal expression. According to the bank's information,
the floatation started in January of this year. One third of the mentioned
bonds volume has been offered among Kazakhstan second tier banks, other two
thirds - among pension funds and other juridical entities.
Bonds of Alliance Bank OJSC of the first issue have been included into KASE's
official "А" listing category since December 28 of 2002. Trades in the bonds at
the stock exchange have been opened since January 29. Status of the
market-maker of ASBNb1 at KASE has been assigned to Alliance Investment
Management LLP (Almaty).