/REPETITION/ BANK CASPIAN JSC (Kazakhstan) about the beginning of primary floatation of its international bonds
06.10.05 18:43
/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, 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 information on the exchange's site by
informational messages in Kazakhstan Stock Exchange.
1. Security's type: inscribed coupon bonds;
2. Issuer's full name: Joint-stock company Bank Caspian;
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, 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, legal address, contacts, names of authorized
persons. Legal entity'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 international
code ISIN, the underwriter notifies the issuer about assigning of ISIN
code 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 get the face value, right to get 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. Acceptance of bids. 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: Almaty, 90, Adi Sharipov str., ZIP code 050012.
For detailed information apply: tel.: (3272) 50-18-21 or 50-18-22."
Notes of KASE:
In compliance with the article 22-1 of the Republic of Kazakhstan law "About
securities market" these bonds simultaneously with the beginning of
their floatation on a foreign state's territory should 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, 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]