ATFBank OJSC (Kazakhstan) will increase liabilities by ore than 25% of shareholders equity, having issued international and domestic bonds
04.08.03 00:00
/KASE, August 4, 03/ - ATFBank OJSC (Almaty), whose securities are
circulating in Kazakhstan stock exchange's (KASE) official "А" listing
category, has presented KASE a copy of minutes of prescheduled general
shareholders meeting, which was held on July 29 of 2003.
In compliance with the approved agenda shareholders of ATFBank have made
following decisions.
There has been confirmed intention to increase the bank's liabilities by more
than 25% of the size of shareholders equity of ATFBank OJSC by means of:
- making of a large deal concerning issue of international bonds to the amount
from USD100 m., but not more than the volume of confirmed program of
borrowings (total volume of borrowings equaling to USD300 m. was confirmed
at the general shareholders meeting on March 17 of 2003);
- issue of domestic bonds with the face value of 1 tenge in the volume of
KZT4.5 bn. with 3-7-year circulation term.
In accordance with issue and floatation of bonds shareholders charged the Board
of ATFBank OJSC with holding measures, which are necessary for registering
issues and floatations of securities at the market.
Besides, shareholders have confirmed the charter of ATFBank OJSC in new
edition and charged the bank's Board with holding all necessary measures
concerning the state registration of the new charter.
There is also a paragraph among decisions of the meeting, which concerns
dividends payment on common inscribed shares of ATFBank OJSC for 2001-
2002 to RINK INVEST LLP (Almaty), which is the bank's shareholder, by means
of transferring the sum of dividends to its settlement account.
[2003-08-04]