BANK CASPIAN OJSC (Kazakhstan) intends to borrow a syndicated loan for amount up to $20.0 mn and issue subordinated bonds for KZT7.5 bn

/KASE, November 26, 03/ - BANK CAPIAN OJSC (Almaty), whose securities are circulating under official "A" listing category, submitted to KASE copy of minutes of prescheduled general shareholders' meeting, which took place on November 10, 2003. In accordance with the agenda of the meeting, shareholders approved decisions of the Board of Directors of BANK CAPSIAN OJSC on conclusion of deals, which are of interest to the bank, and adopted following decisions. To attract a syndicated loan, where Raiffeisen Zentralbank Osterreich AG (Vienne, Austria) is to perform as organizer, at following terms: the amount of borrowing - up to $20.0 mn, interest rate - LIBOR + 3.25%APR, for 6 months from the date of agreement signing with extension option for 6 months. To additionally recruit into the Board of directors of BANK CASPIAN OJSC Gusakov Vladislav Viktorovich for the term of earlier elected members of the Board of Directors. To organize an issuance of the third coupon subordinated bonds of BANK CASPIAN OJSC at following terms: the volume of issue 0- KZT7.5 bn, interest rate - 8.75% APR, Semiannual coupon, circulation term 7 years. To request from the Board of directors and Management of BANK CASPIAN OJSC in the person of the Chief Executive Officer of the bank - Kim I.V. to carry out measures on state registration of subordinated bonds of BANK CASPIAN OJSC of the third issue. [2003-11-26]