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Kazkommerts Securities acted as a co-manager of
three sovereign issues of Eurobonds for the Republic of
Kazakhstan in 1996, 1997 and 1999. In November 2001,
Kazkommerts Securities acted as a co-lead manager for two issues of
municipal bonds for Atyrau regional administration. The total volume
of the issues exceeded US$17 million. The issue became the largest
in volume and longest in tenure among all previously issued
municipal issues. |
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In May 2002 Kazkommerts Securities acted as a
co-manager for the second Eurobond issue of OJSC
Kazkommertsbank. The issue in the amount of USD 150 million was
placed primarily among foreign investors. In December 2000
Kazkommerts Securities acted as a lead manager in bond placement for
Kazkommertsbank on domestic security market. Bonds issue with a
volume of USD 20 million was successfully placed among largest
institutional investors in Kazakhstan. Kazkommerts Securities was
one of the lead managers in organization of the depositary receipts
program for OJSC Kazkommertsbank, which was the first Kazakh issuer
to pursue such a program. In May 1998 Kazkommerts Securities
acted as a co-manager in the first Eurobond issue of a
non-governmental issuer, OJSC Kazkommertsbank. The Eurobonds were
traded on both domestic and international markets and matured in
2001. Kazkommerts Securities also cooperates with a considerable
number of companies affiliated with Kazkommertsbank. Kazkommerts
Securities was involved in financial analyses, preparation of
business plans and commercial appraisal of various businesses
including production of fertilisers, construction materials, food
products, mass media, all of which are successfully operating in
Kazakhstan. |
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In November 2000 Kazkommerts Securities acted as a
lead manager in issue and placement of bonds for CJSC KazTransOil,
national oil transportation company. The issue volume was USD 30
million and was successfully placed on the local market. In July
2001 Kazkommerts Securities co-lead managed the first eurobond issue
for KazTransOil in the amount of USD 150 million. This
eurobond issue was the first for a CIS corporation after the Russian
financial crisis of 1998. |
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In July 2000 Kazkommerts Securities acted as a lead
manager in issuance and placement of bonds for Kazakhoil,
national oil and gas company. With total volume of USD 25 million
the issue was successfully placed on the local market. |
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Kazkommerts Securities acted as an exclusive
advisor in debut issue and placement of bonds for JSC Almaty
Kus. With volume of USD 4.5 million it was the first corporate
bond issue of an industrial company, which was successfully placed
on the local market. The bonds matured and were successfully
redeemed in April 2001. In May 2001 Kazkommerts Securities became
an exclusive consultant in placement of the second bond issue of
Almaty Kus in the volume of USD 20 million. |
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Kazkommerts Securities acted as an exclusive
manager in issue and placement of bonds for JSC
Karazhanbasmunai, one of the largest oil and gas enterprises
of Caspian shelf. Issue volume amounted to USD 20 million and was
successfully placed in February 2001. This issue is the first
successful bond placement for a fully foreign-owned company on the
domestic securities market. Kazkommerts Securities also acts as
an advisor to Karazhanbasmunai in performance of its investment
program and corporate finance. Kazkommerts Securities developed
mutual co-operation with Karazhanbasmunai and its strategic
investor, the Canadian oil company Nations Energy Company Ltd. and
assists the company in adapting to post-privatisation conditions and
implementation of effective financial management in the
company. |
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In December 2001 Kazkommerts Securities placed the
first bond issue of OJSC Kazakhtelecom in the volume of USD 25
million on the domestic market. Early in 1998 Kazkommerts Securities
acted as a financial advisor in acquiring 40% of Kazakhtelecom
shares from Daewoo (Korea). Furthermore, Kazkommerts Securities
organized a private placement of 10% of Kazakhtelecom common shares
among foreign investors. The transaction was the largest equity
placement in the secondary securities market of Kazakhstan with
total amount exceeding 100 million US dollars. In April 1998
Kazkommerts Securities arranged an issue of rule 144A and Regulation
S American and Global Depository Receipts for Kazakhtelecom shares.
In June 1999 Kazkommerts Securities organized upgrade of
Kazakhtelecom's depository receipts to the first level. This was the
first program of first level depository receipts program for a
Kazakh issuer, which allowed Kazakhtelecom to increase liquidity of
its shares and to increase the investor base. At present, the
depository receipts of Kazakhtelecom are successfully traded on the
leading European stock exchanges and on the OTC market. |
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Kazkommerts Securities was involved in issuance and
placement of American and Global Depository Receipts of JSC
Shymkentnefteorgsynthes on the stock market, and is one of
its financial advisors on issues of strategic development. |
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Kazkommerts Securities acted as a financial advisor
for JSC Kazakhtelecom in the sale of 51% of shares in LLP GSM
Kazakhstan (K-cell) to a strategic investor. GSM Kazakhstan
is the first mobile communications company working in GSM
standard. |
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In September 1998 Kazkommerts Securities arranged
an issue of depository receipts for JSC Ust-Kamenogorsk Titanium
and Magnesium plant (UKTMK) on the international and domestic
capital markets. It was the first mining company of Kazakhstan to
enjoy the advantages of issuing such a liquid financial instrument.
In the scope of work with UKTMK Kazkommerts Securities formed tight
working relationships with company's management and its strategic
shareholder, the Belgian company Specialty Metals S.A. |
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Kazkommerts Securities acted as an advisor for JSC
Kazkommertsbank and JSC Kazakhstan Commerce on the sale of the
controlling stake in CJSC KZI Bank to Turkish T.C. Ziraat
Bankasi. The transaction was closed in due time and under the best
terms matching the interests of the clients and the strategic
investor. At present, KZI Bank is one of the largest banks with
foreign participation in Kazakhstan. |
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Kazkommerts Securities advises Concern
Seimar, one of the largest food processing companies in
Kazakhstan, on issues of raising capital, debt and equity financing
as well as the company's strategic development. |
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At present Kazkommerts Securities advises JSC
Kazkommertsbank on the issues of strategic growth and development of
Kazkommerts Policy, a subsidiary of Kazkommertsbank operating in the
insurance market. Different options of attracting strategic partners
to the company are being considered. |
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