BTA ORIX Leasing plans for February floatation of bonds of the first issue for KZT2 bn.

/INTERFAX-KAZAKHSTAN, Almaty, February 14, 06/ - Kazakhstan leasing BTA ORIZ Leasing plans in February of the current year to start floatation on Kazakhstan stock exchange bonds of the first issue for total amount KZT2 bn. (current 131.55/$1) with circulation term 3 years. In this connection on December 29, 2005 by the decision of Kazakhstan stock exchange's Council bonds of BTA ORIZ Leasing of the first issue are included in the official list of highest category, the company's message spread on Tuesday notes. "This is the first case on Kazakhstan market of securities, when bonds of leasing company are included in the highest category of list of securities", - the message notes. Financial consultant on this issue was Almaty Investment Management JSC. According to the company's policy, approved by its shareholders, main part of funds from floatation of bonds of BTA ORIZ Leasing is planed to use for financing of projects in sector of small and medium business o Kazakhstan. Particularly, program of financing projects on leasing is stipulated in tenge without binding to rate of foreign currency. "Foreign shareholders of BTA ORIZ Leasing, working in 24 countries of the world, primarily in countries of South-Eastern Asia, pay big attention to hedging system of currency risks. At that, it means precisely protection of final borrow-leasing recipient from possible sharp fluctuations of currency rate", - the message stresses. The message also notes, that floatation of bonds in internal market "illustrates development of company BTA ORIZ Leasing, as the company expands funding base". Till present time, the message reminds, the source of financing of BTA ORIZ Leasing were credit lines of Kazakhstan commercial bank TuranAlem, long term loans of European bank of reconstruction and development and International financial corporation (IFC). "Expansion of funding base provides more flexible policy regarding management of interest rates on leasing", - the message notes. BTA ORIZ Leasing - leading in the republic leasing company with international participation of Japanese corporation ORIX (owns 35%), Pakistan company ORIX Pakistan Limited (10%), IFC (10%) and bank TuranAlem (45%). [2006-02-14]