Alliance Bank JSC (Kazakhstan) to issue bonds

/KASE, June 3, 05/ - Alliance Bank JSC (Almaty), whose shares and bonds are traded in Kazakhstan sock exchange's (KASE) official "A" listing category, has informed KASE by the official letter that during the meeting of bank's Board of directors on May 25 of 2005 it was decided to issue eurobonds in US dollars. According to bank's data bonds circulation term will be 3-5 years. HSBC Bank and JPMorgan Bank have been elected the leading managers of the issue. Coupon rate will be determined by the results of floatation. Detailed information will be given by the bank to KASE later. [2005-06-03]