NAC Kazatomprom JSC (Kazakhstan) intends to get credit rating and issue eurobonds

/NAC Kazatomprom JSC, September 16, 05/ - National atomic company Kazatomprom (Kazakhstan), authorized Citigroup Global Markets Limited (Great Britain) to be a financial consultant to get credit rating and organize issue of debut eurobonds, planned for 2006. "Kazatomprom was in need of reliable partner for debut introduction of eurobonds to markets. We chose Citigroup, with whom we worked for a long time, including successful attraction of debut syndicated loan in the first half of 2005", - Mukhtar Dzhakishev said, President of NAC Kazatomprom JSC. "Accompaniment of Kazatomprom in its first joining eurobonds markets - high honor for our bank, connected with the company with many years history of kind relations", - Dan Connelly said, Chairman of the Board of Citibank of Kazakhstan, subsidiary subdivision of Citigroup in Kazakhstan. Kazatomprom - national operator of Kazakhstan on export of uranium and other materials of double application. 100% of the company's shares are owned by the government represented by ministry of energy and mineral resources of the Republic of Kazakhstan. Kazatomprom is a holding which controls six lines of activities: geological exploration, uranium production, metallurgy, energy, scientific support of the production and retraining of the staff, as well as social assistance. As for the beginning of 2005, there have been over 19,000 employees working for the Company. The company is one of three leading uranium-producing companies of the world. Borrowed funds the company Kazatomprom intends to use for financing of production and export of natural uranium concentrate (U3O8), and also to support exploration and development of uranium mines. [2005-09-16]