Results of the specialized trades at KASE on October 10 on floatation of XS0232868827 issue international notes of BANK CASPIAN JSC (Kazakhstan)

/KASE, October 13, 05/ - As it was informed earlier, on October 10, 2005 in trade system of Kazakhstan stock exchange (KASE) collection of bids within subscription of KASE's members and their clients for international notes of BANK CASPIAN JSC (Almaty) of debut issue (XS0232868827; KASE's official "A" listing category, CSBNe1; USD150 m.; October 17, 05 - October 17, 08, fixed semiannual coupon 7.875% APR) was held. The above bonds, named notes in Circular, are floated in London and according to acting Kazakhstan legislation should be offered to Kazakhstan investors in open organized market of the Republic of Kazakhstan parallel with holding subscription abroad the republic. Participants of subscription organized in that way might submit bids for purchase of the whole planned volume of bonds issue, i.e. for USD150.0 m. In procedure of bids submission, which was fulfilled at KASE from 13:00 till 16:30 of Almaty time and got status of specialized trades (according to KASE's normative base), the only KASE's member took part - broker-dealer company, working on behalf of its client. To the moment of time expiry for bids submission in KASE's trade system four active orders for purchase of bonds were left for the total nominal value USD40.0 m. Bonds' coupon rate on submitted bids varied from 7.75% APR to 9.00% APR and in weighted average expression on the whole demand was 8.31% APR. According to notification of BANK CASPIAN JSC, presented to KASE today with the reference to issue's underwriter - Citigroup Global Markets Limited, out of submitted bids to KASE on October 10 underwriter made partial satisfaction of one of them - for purchase of bonds with total nominal value USD4.0 m. At that it was informed, that floatation of the issue was at the price 99.672% from nominal value, what corresponds yield of notes to maturity for buyer in the amount 8.0% APR. Rate of coupon interest by the results of floatation is fixed in the amount 7.875% APR. For making calculations between investor and underwriter by the results of Kazakhstan subscription KASE should represent to underwriter through the issuer data about account for accrual of eurobonds before 14:00 on October 14, 2005, and investor should make payment for purchased securities on October 14, 2005 on submitted to KASE requisites of underwriter. Deal on floatation of debut issue of international notes of BANK CASPIAN JSC should be closed on October 14, as since October 17, 2005 bonds start circulation at secondary market. [2005-10-13]