Centras Securities JSC and DERBES SECURITIES JSC appointed co- underwriters on offering of KZPC1Y03B878 (TSBNb3) issue bonds of Tsesnabank JSC - press-release
27.02.06 20:30
/KASE, February 27, 06/ - Centras Securities JSC (Almaty) jointly with
DERBES SECURITIES JSC (Astana) and Tsesnabank JSC (Astana) on
February 21 of 2006 spread press-release saying:
Quotation start
DERBES SECURITIES JSC and Centras Securities JSC have been
appointed co-underwriters on offering of the first issue bonds in the amount
of KZT5,000,000,000 on Kazakhstan's stock market within the first bond
program of with total volume of KZT15,000,000,000 of inscribed coupon
bonds of Tsesnabank JSC.
Bonds are issued for a total of 5,000,000,000 (five billion) tenge with the term
of 3 years and with interest rate (coupons) equaling to 8% APR to face value.
This bond issue is meant for borrowing investors' money for diversification
and increasing of sources maturity, borrowed funds, supporting mid-term
liquidity of the Bank, activation of the Bank's activity in the sphere of small
and medium business crediting.
Tsesnabank JSC is a second-tier bank, which was founded in 1992. The
bank is headquartered in Astana city, the bank has branch offices in eight big
cities of Kazakhstan. As of January 1, 2006 the bank's assets were KZT33.6
bn., equity capital - KZT4.754 bn., net income - KZT561 m. according to
non-audited statement. Tsesnabank JSC has bank ratings assigned by
Moody's and Standard & Poor's.
Centras Securities JSC is an independent investment company, which was
founded in April of 2004. Company's major activities are asset management,
organization of funding, financial consulting, as well as work on securities
market.
DERBES SECURITIES JSC is a professional participant of the securities
market. Major activity is broker-dealer activity with securities and other
financial instruments, asset management, financial consulting.
Quotation end
[2006-02-27]