Tsesnabank OJSC (Kazakhstan) plans to issue bonds to the amount of KZT1.5 bn.

/KASE, October 23, 03/ - Tsesnabank OJSC (Astana), whose shares are circaulting in the official "А" listing category of Kazakhstan stock exchange CJSC (KASE), has provided KASE with the copy of minutes of prescheduled general shareholders meeting, which was held on October 7 of 2003. In accordance with the admitted agenda shareholders of Tsesnabank OJSC confirmed the new edition of the bank's charter in order to bring it in conformity with the law "About joint-stock companies" dated May 13 of 2003 and made decision about abolition of the Auditing commission. Besides, shareholders of Tsesnabank OJSC, in order to increase resource base of the bank for financing clients on the mortgage crediting program, decided to issue coupon bonds of the bank and confirmed the following main parameters of the planned issue: issue volume - KZT1.5 bn., number of bonds - 1.5 bn. units, circulation term - 3 years, periodicity of coupon payment - twice a year, interest rate - 9% APR. Shareholders charged the bank's Board of directors with determination of indexation coefficient for the issued by the bank bonds in case of changing of the situation at the market before issue registration in the National Bank of Kazakhstan. [2003-10-23]