International bonds by ATFBank JSC (Almaty) of the first issue: general information

/IRBIS, Assel Omarova, April 30, 04/ - As informed, ATFBank JSC (Almaty) completed the process of euronotes offering of the first issue. IRBIS agency presents comprehensive information about the euronotes issue according to different sources. Bonds represent euronotes of senior unsecured insubordinated debt issued under English law in compliance with rule 144A (notes were unavailable for traditional American investors). Notes registered under ISIN XS0191061794 were issued with a total face value of $100.0 m, May 4, 04 as payment date, 3-year term to maturity and semiannual coupon of 8.5% per annum for 99.353% of face value. Corresponding yield to maturity totaled 8.75% per annum (615 basis points premium over three year US Treasuries). ING Bank acted as lead manager. Notes are listed in Lux (Luxembourg exchange). The issuer contemplates passing listing procedures with Kazakhstan Stock Exchange (KASE). 41 investors purchased bonds. Asian investors acquired 30% of the total issue, British - 22%, US offshores - 9%, Swiss - 9%, German - 6%, Scandinavian - 6%, other CIS and European states - 18%. This being case, asset managing companies bought 53% of the issue, banks - 25%, companies servicing private clients, and commercial banks and hedging funds - 11% each. On April 8, 2004 Moody's Investor's Service assigned 'Ba1' rating to the issue. Bank were rated at 'D-/Ba1/stable/NP'. Fitch Ratings rated issue at 'B+', bank at 'B+/stable/B'. [2004-04-30]