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EURONOTES TURANALEM FINANCE B.V. OF THE FIRST EMISSION ARE INCLUDED INTO THE LISTING KASE OF "A" CATEGORY

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11:01 20.07.2001
text: "Kazakhstan Today"
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From July 19, 2001 euronotes TuranAlem Finance B.V. of the first emission are included into the official list of securities of Kasakhstan Stock Exchange ( KASE) of "A" category.

Minimum volume of obligatory quotation for market maker is established in the sum of $3 thousand from nominal euronotes value. The market maker's status of euronotes TuranAlem Finance B.V. on the KASE was given to the broking company " TuranAlem Securities". The guarantor of eurobonds TuranAlem Finance B.V. is the "Bank TuranAlem".

As was announced earlier, three-year eurobonds of the "Bank TuranAlem" on the total sum of $100 million were placed on the international financial market at the end of June 2001. At that time 38,78% from the total emission volume were bought by the banks, 61,22% - by the different investment funds. More than 54% of eurobonds were bought by the European investors, 33,16% - the USA and 12,76% - investors from another countries.

Placing of eurobonds took place on the fixed rate of half-yearly coupon in the level of 11,5% of annual.

Dresdner Kleinwort Wasserstein was the lead-manager of issue, Raiffeisen Zentralbank Osterreich AG, TuranAlem Securities were co-managers. The International rating agencies Moody's and Standard & Poor's have given ratings to these securities in the level of "Ba2" and "B" correspondingly.

The main part of debt assets as a result of placing eurobonds on the sum of $100 million, about $75 million, will be directed on the financing of the real economy sector as a credit for 26 the most stable bank's debtors. The bank's assets now have exceeded $750 million.