Issue, circulation and repayment terms of bonds of Bank Caspian OJSC of the second issue

/IRBIS, June 30, 03/ - Below is characteristics of bonds of Bank Caspian OJSC (Almaty) of the second issue in accordance with their including into Kazakhstan stock exchange's (KASE) "A" listing category. -------------------------------------------------------------------------------- Type of bonds: inscribed coupon indexed Type of debt: senior unsecured subordinate Issue currency: Kazakhstan tenge (KZT) Servicing currency: Kazakhstan tenge (KZT) National identification number: KZ2CKY07A743 Issue number in state register: А74 Register maintenance: Registratorskaya sistema cennih bumag CJSC (Almaty) Date of issue registration: May 13, 03 Bond's face value: KZT1000.00 Issue volume in KZT: 3,100,000,000.00 Issue volume in securities: 150,000 Date of circulation start (issue date): May 28, 03 Circulation term: 7 years Floatation term: 7 years since circulation start date Maturity date: May 28, 10 Interest rate 9.5% from indexed nominal value Dates of interest payment November 28 and May 28 of each year Time basis at all settlements 30/360 european method Register fixation term at coupon payment: 30 days before payment date Register fixation dates for coupon payment: October 28 and April 28 of each year Register fixation term at maturity: 30 days before maturity date Register fixation date at maturity: April 28, 10 Date of admittance in trade lists of KASE: Will be defined later Trade code of KASE: CSBNb2 Date of first trades: Will be defined later Accuracy of price change: 4 decimal points Market-maker at KASE: RG Securities LLP (Almaty) Minimal volume of compulsory quotation: 90 bonds Credit ratings of the issue absent on issue date Credit ratings of the issuer Moody's Ва3/stable/NP Fitch В-/stable/В -------------------------------------------------------------------------------- Issue terms do not include norms impairing or infringing owners' rights on their disposal (alienation). Indexed face value is calculated as product of the face value by devaluation/revaluation rate coefficient (Kd), which is calculated as ratio of weighted average rate of US dollar relative to tenge (Xt), which was determined at KASE's morning session on payment date, to similar rate (Xo) on the date of bonds circulation start (Kd = Xt/Xo). If Xt less than Xo, Kd = 1 Interest rate payment on the bonds will be made in tenge twice a year ion each six months since the date of bonds circulation start on the basis of 360 days in the year and 30 days in the month during the whole circulation term of the bonds. Persons, who purchased bonds no later than 30 days before the date of interest rate payment, have the right for receiving interest. If the date of coupon interest payment or maturity date coincide with a day off or a holiday, payment for bondholder will be made on the first working day, which will follow the day off or the holiday. A bondholder has no right to demand interest or another compensation for such delay of payment. Coupon interest rate on payment date is calculated as product of indexed face value, fixed annual coupon rate and number of days, within which interest rate payment is made, divided into 360. Nominal value of bonds is indexed to USD/KZT exchange rate. The estimation formula is given in the terms of bonds. Bonds will be redeemed at their indexed face value estimated at actual maturity date by means of money transfer to the current accounts of bondholders or using cash payments at the head office of the bank. Bondholders should register no later than 30 days before maturity date. Purposes of this issue: activation of company's activity in the sphere of financing of large enterprises of real sector of the economy, and increasing of crediting volumes for mid- and small enterprises. Detailed information about securities and their issuer, including conclusion of stock exchange's listing commission, will be published in the official electronic representatives of the KASE in the Internet (www.kase.kz) in the nearest future. [2003-06-30]