Issue, circulation and maturity terms of the 2nd tranche notes of Development Bank of Kazakhstan JSC

/IRBIS, November 14, 03/ - Following is the characteristics of international notes payable to bearer of Development Bank of Kazakhstan JSC (Astana) of the second tranche published in connection with their admittance into Kazakhstan Stock Exchange's (KASE) official securities list of "A" category. Data is given according to conclusion of KASE's listing commission, data of Bloomberg agency, and - in accordance with other sources. ---------------------------------------------------------------------------- Type of securities: coupon notes payable to bearer Debt type: senior unsecured insubordinate Issue currency: USD Servicing currency: USD ISIN: XS0179958805 Issue volume in issue currency: 100,000,000.00 Date of circulation November 12, 03 start (issue date): Circulation term: 10 years Maturity date: November 12, 13 Interest rate: 7.375% APR Dates of interest payment: May 12 and November 12 of each year Time basis at all settlements: ISMA-30/360 Register fixation term: not fixed because the security is payable to bearer Credit ratings of issuer: Moody's Ваа3/stable S&P BB+/ stable/В Fitch BB+/ stable/В/3 Credit ratings of issue S&P securities - BB+ Fitch securities - BB+. program - BB+/В ------------------------------------ --------------------------------------- Date of admittance November 14, 03 in trade lists of KASE: Date of first trades: November 14, 03 Trade code of KASE: BRKZe2 Accuracy of price change at quoting: 4 decimal figures Market-makers at KASE: Halyk Bank of Kazakhstan JSC (Almaty) Minimal volume of USD12,000 in debt's nominal expression obligatory quotation: ---------------------------------------------------------------------------- Manager of the issue is UBS Limited, trusty is Deutsche Trustee Company Limited, major payment agent, registrar, depository is Deutshe Bank AG London (all - London, United Kingdom). Bonds are direct, general, unconditional and unsecured debt instruments of the issuer, which are and will be equal in all respects to all other current and future unsecured instruments of the issuer, excluding obligations, which are specified by the requirements of corresponding legislation. Bonds and trust agreement are regulated in compliance with English legislation. Payment of the main debt and interest due for bonds on maturity date will be made by check in presence of submitted certificate in payment agents' offices both outside USA and in New York city (USA), or by transferring money to bondholder's account, which is mentioned in the securities holders register. If payments date coincides with a day off, the payment will be made on the first working day following the day off. Bondholder has no right for interest or other payments as the result of such the delay of payment. According to the acting legislation of the Republic of Kazakhstan all payments of main sums and interest on bonds to persons, which are not residents of the Republic of Kazakhstan, and also incomes received by them from usage, sale, exchange or transfer of bonds, are not subjected to taxation in Kazakhstan. Bonds have passed listing at Luxemburg stock exchange. Bonds have been admitted to circulation on the territory of the Republic of Kazakhstan by the permission of the National Bank of Kazakhstan dated November 10 of 2003 #12814/2851. Funds borrowed by bonds issue will be used by the issuer for presenting of loans to Kazakhstan juridical persons. [2003-11-14]