BANK CASPIAN JSC (Kazakhstan) about the beginning of primary floatation of its international bonds

/KASE, October 6, 05/ - BANK CASPIAN JSC (Almaty), whose shares and bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has turned to KASE asking to publish information about primary floatation of its first issue international bonds. Below is message of BANK CASPIAN JSC in the full volume: "Bank Caspian joint-stock company asks You to place on October 6 of 2005 on Kazakhstan Stock Exchange's official web-site information on the primary floatation of securities and inform three times during the day the exchange's members about presence of such the information on the exchange's site by messages in Kazakhstan Stock Exchange. 1. Security's type: inscribed coupon bonds; 2. Issuer's full name: Bank Caspian joint-stock company; 3. Country of issue: Great Britain; 4. National Identification number (NIN): will be assigned after primary floatation 5. Issue currency: US dollars; 6. Issue form: non-documentary, unsecured; 7. The seller - underwriter; Bank Caspian JSC accepts, consolidates and transfers bids through the issuer to the underwriter. 8. Subject of trade - coupon rate; 9. Security's face value and number of bonds: one security's face value is KZT100,000 (one hundred thousand) US dollars. Number of bonds is 1,500; 10. Total volume of the issue: 150,000,000 (one hundred and fifty million) US dollars. Floatation (subscription) is made for the whole amount of issued bonds; 11. Circulation term: 3 (three) years; 12. Circulation start date: determined by the underwriter. Maturity date: in 3 (three years) since circulation start date; 13. Annual coupon rate (% APR): to be determined by the results of auction; 14. Coupon charging start date: Interest charging will start since bonds circulation start date; 15. Date of trades. Bids acceptance will be organized on October 6 of 2005 since 13.00 till 16.30 of Almaty time. The issuer will give the spreadsheet of bids to the underwriter for inclusion in general book of competitive bids. 16. Satisfaction method. Limited bids - in compliance with Great Britain's legislation. Percentage of market bids satisfaction is 0. 17. Bid submitting method. Bid must comprise yield offered by investor and number of securities presumed to be purchased, volume at the face value and data for securities transfer. Besides, bid must comprise declarant's requisites, juridical address, contacts, names of authorized persons. Juridical person's bid is presented on the official blank with stamp. 18. Order of notification. After closing of bids book, the underwriter notifies the issuer about bids satisfied by the underwriter. The next day the issuer notifies investors about bids satisfied by the underwriter. 19. Settlement date. Within the terms determined by Great Britain's legislation the underwriter notifies the issuer about settlement date, and the issuer notifies investors. At that, within one working day investors give to the issuer specified requisites for transferring eurobonds, and the next day the issuer gives the requisites to the underwriter. 20. Settlement method. In US dollars within the terms determined by the underwriter by the following requisites (USD Payment instructions): Chase Manhattan Bank, New York(CHASUS33) A/C 930-1-035789 A/C Citibank Global Markets Limited 21. Circulation start date. After bonds have been assigned ISIN, the underwriter notifies the issuer about assigning of ISIN and circulation start date. 22. Bonds floatation term: before circulation start; 23. Underwriter - Citigroup Global Markets Limited; 24. Rights given by bond to its holder and the order of registration of the rights on bonds: right to receive the face value, right to receive interest, right to freely sell or alienate bonds in another way, right of satisfaction of requirements in the order, provided by Great Britain's legislation. Formation, maintenance and keeping of bondholders register is made by the registrar Citibank N.A., London; 25. The issuer accepts bids by fax (3272) 50-95-96 and are doubled by e- mail to novikov@bc.kz . Bids include addressee: Treasury of BANK CASPIAN JSC. Original form of bids is to be presented to the Treasury of BANK CASPIAN JSC within 4 working days by the address: 90, Adi Sharipov str., 050012, Almaty. For detailed information apply: tel.: (3272) 50-18-21 or 50-18-22." Notes of KASE: In compliance with the article 22-1 of Kazakhstan law "About securities market" these bonds simultaneously with the beginning of their floatation on a foreign state's territory must be offered for purchasing on Kazakhstan organized securities market on the same terms of determining bonds floatation price, that they are on the foreign state's territory. Thus, BANK CASPIAN JSC has in some way broken the current legislation regarding simultaneous offering of its bonds on a foreign market and on Kazakhstan market, as well as regarding bonds offering on the organized market (on KASE). The issuer makes primary floatation of these bonds independently, because the question on their listing will be examined by KASE's Council at the nearest formal conference, because of objecting of one of members of the exchange's Council on October 5 of 2005 against absentee voting concerning giving consent for inclusion of international bonds of BANK CASPIAN JSC in KASE's official "A" listing category. [2005-10-06]