Centras-Securities JSC (Kazakhstan) about start of promissory note program for Vostok-Cement JSC (Kazakhstan)

/IRBIS, Assel Omarova, June 6, 05/ - Centras-Securities JSC (Almaty), a member of Kazakhstan stock exchange on "К", "Р" and "Н" categories, has started a promissory note program for one of the biggest cement producers in Kazakhstan - Vostok-Cement JSC. Volume of the program totaled KZT400 m., term - up to one year, company's press-release says. Within the program there were issued and floated company's promissory notes jointly with Financial company Greenwich Capital Management JSC, the financial consultant of Vostok-Cement JSC. This program is the first in Kazakhstan organized by a non-banking institution. "Convenience of using promissory not settlement scheme today have been appreciated by many companies, and now there is no necessity to apply only to commercial banks for starting a promissory note program", - Yerlan Balgarin Managing director of Centras-Securities JSC says. Vostok-Cement JSC within latest several years is one of leaders on production and sale of cement in Kazakhstan. Planned production capacity of the plant is 1.600 th. tons per year, available capacity - 1.000 th. tons. Vostok-Cement JSC was recognized as the first-class issuer of promissory notes and included in the list of the first-class issuers of one-year promissory notes by the Resolution of the National Bank's Board #34 dated March 11 of 2005. [2005-06-06]