2000-02-07 Kazak Corporate News - Banking

Banking

The regional commercial bank Komirbank has listed domestic dollar-denominated bonds for sale on the KASE, the Panorama newspaper reported. The 2000 bond issue is worth a total of USD 2 million.

Annual interest on the Komirbank bonds is 12%, calculated semi-annually, with a maturity date of 26 December 2000. Revenues will be used to finance small businesses through the bank’s affiliates.

According to Komirbank representative Sholpan Sarsenbayeva, the bank has submitted all required documents to the KASE to be included on the exchange’s “A” list. An unofficial source disclosed that Komirbank is likely to be put on the “A” list if its expected merger with Altur Alyans Bank goes through. (Panorama)

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