Kazkommertsbank JSC declared about its intention to issue eurobonds of senior and subordinate debt

/IRBIS, Andrey Tsalyuk, March 1, 04/ - Kazkommertsbank JSC (Almaty), whose securities are traded in the official "A" listing category of Kazakhstan stock exchange (KASE), has spread press-release, which says the bank intends to make borrowing by floatation of dollar unsecured notes of senior debt, and also dollar subordinate notes, which are included in supplementary capital, among investors in certain jurisdictions. The bank informs that it has appointed IMG and Citigroup as lead-managers and registrars on the both issues. It's planned to hold road-show in the second half of March. "Final conditions of the deal will depend on market's condition", - says the press- release. It's planned to use the funds received from bonds floatation for giving of credits to clients of Kazkommertsbank JSC, and also for the bank's general aims. The press-release also says that securities, which are being said about, were not and will not be registered by the Law about Securities of the USA dated 1933 with all changes, and information given above is not the securities offer in the United Kingdom and Republic of Kazakhstan. [2004-03-11]