NC KTZH CJSC (Kazakhstan) has issued commercial promissory notes

/IRBIS, March 7, 03/ - Department of public relations of NC Kazakstan temir zholy CJSC (NC KTZH CJSC, Астана), whose bonds at present are traded in Kazakhstan stock exchange's (KASE) official highest listing categoryв has spread press-release, which says that on March 6 of this year NC KTZH CJSC issued common commercial promissory notes for total amount of KZT556.0 m, circulation will last till September of 2003. these promissory notes are meant for settlements with suppliers. According to the company's information, financial operator of the issue if Halyk Bank of Kazakhstan OJSC (Almaty). During the last half a year this is the second issue of promissory notes of NC KTZH CJSC, which is made jointly with Halyk Bank of Kazakhstan OJSC. By the resolution of the National Bank's Board #349 dated September 2 of 2002 NC KTZH CJSC has been assigned status of the first class пissuer, which has the biggest limit if stock-taking in the amount of KZT1.0 bn. The press-release says that governing body of NC KTZH CJSC pays much attention on the development of promissory notes program. While choosing of promissory notes recipients, major factors are blameless reputation, good credit history, strategic partnership and so on. "This approach, along with stable economic position of NC KTZH CJSC, provides high liquidity and attractiveness of the company's promissory notes at the secondary market", - the press-release says. Plans of NC KTZH CJSC - further improvement and development of promissory notes program and more active participation at the republic's promissory notes circulation market. [2003-03-07]