|
Event details
Information source : agent, Bank of New York Mellon, London
Purpose of the offer
The instructions for this exchange offer constitute a noteholder’s settlement instruction for the purpose of the restructuring plan.
Investor status
For the avoidance of doubt,
Qibs will receive:
1) Senior notes — 144a line
2) Subordinated notes — 144a line
3) Recovery units
4) Gdr’s — 144a line
5) Cash (usd)
Non-us investors will receive:
1) Senior notes — regs line
2) Subordinated notes — regs line
3) Recovery units
4) Gdr’s — regs line
5) Cash (usd)
Accredited Investors (AI) will receive:
1) Senior notes - regs line
2) Subordinated notes - regs line
3) Recovery units
4) Shares - will be credited outside euroclear bank
5) Cash (usd)
Proceed security currency election
By default, the senior and subordinated notes will be denominated in u. s. dollars, unless a valid instruction is made to receive the notes in khazakhstan ’tenge’. refer to actions to be taken for details on how to elect for ’tenge’.
Entitlements after the ’settlement instructions deadline’
The positions of noteholders who do not instruct by the settlement instructions deadline will be moved to a technical code.
Holders with uninstructed positions after the deadline will still be eligible to receive
their entitlements by sending an instruction on the relevant technical common code, before the ’entitlement termination date’ (three years after the distribution date).
According to the restructuring process, the original securities will cease to exist after the restructuring date and the isins will be cancelled.
A secondary event will be setup under the technical code, shortly after the initial deadline, to process instructions received after the initial settlement instructions deadline.
Entitlements after the ’entitlement termination date’
If noteholders do not instruct by the 'entitlement termination date', such noteholder's entitlement will be extinguished and the entitlement will remain with jsc bta bank to hold for its own
account.
Exchange ratio
To be determined after the ’settlement instructions deadline’.
Cash payment
Amount to be paid in ’usd’ currency, and determined after deadline.
Accrued and unpaid interest
No accrued and unpaid interest will be paid on the existing notes.
Minimum exercise amount
For the purpose of this offer, instructions can be submitted in minimum and multiple denominations of 1.
Minimum aggregate offer acceptance amount
The exchange offer is not conditional on a minimum aggregate amount of notes being exchanged.
Maximum aggregate offer acceptance amount
The issuer is offering to exchange any and all of its outstanding notes. you can instruct on either part or all of your total position
Proration
Not applicable.
Cash fractions
Not applicable.
Poolfactor
Not applicable.
Details of the new notes, gdrs, shares
Final details of the proceed securities (currently to be determined) are scheduled to be announced between the settlement instructions date and the distribution date.
Senior notes (usd)
Euroclear eligible
Isin: to be determined
Denomination: to be determined
Maturity date: 2018 (date to be determined)
Interest: accrues as from 01/07/2010
rate and payment frequency: 10.75pct for the first five semi-annual payments. 12.5pct per annum thereafter.
Senior notes (tenge)
Not euroclear eligible
Denomination: to be determined
Maturity date: 2018 (date to be determined)
Interest: accrues as from 01/07/2010
rate and payment frequency: 14.75pct for the first five semi-
annual payments. 16.5pct per annum thereafter.
Subordinated notes (usd)
Euroclear eligible
Isin: to be determined
Denomination: to be determined
Maturity date: 2025 (date to be determined)
Interest: accrues as from 01/07/2010
rate and payment frequency: 7.2pct per annum.
Subordinated notes (tenge ’a’ notes)
Not euroclear eligible
Denomination: to be determined
Maturity date: 2025 (date to be determined)
Interest: accrues as from 01/07/2010
rate and payment frequency: 11.2pct per annum.
Recovery units
Euroclear eligible
Isin: to be determined
Denomination: issued in integral multiples of one unit, in usd
Maturity: will initially have a ten year tenor (or if extended
twelve years).
For additional details refer to the information memorandum — p562.
Gdrs
Euroclear eligible
Isin: to be determined
1 gdr expected to represent 500 shares.
Shares
Not euroclear eligible.
Note: election entitlements remain the same before and after the settlement instructions deadline (unless notification to the contrary is received in due course).
Market timetable
Settlement instructions deadline: 13/08/10 at 17:00 cet
Market withdrawal date: instructions are irrevocable
Expected distribution date: 26/08/10
Expected entitlement termination date: the date being three years
after the distribution date.
Withdrawal rights
Instructions for the exchange offer are irrevocable, except in the limited circumstances described in the offer information memorandum.
Conditions
Refer to the information memorandum for the conditions of this exchange offer
Restrictions
Instructions submitted by or on behalf of noteholders will determine eligibility to receive proceeds according to investor status of the final beneficial owner of the notes either as qib,
non-us person or Accredited Investor (AI).
Ownership of shares is subject to certain legislative restrictions under kazakhstan law. refer to the ’notice of settlement instructions’ for a list of the offshore jurisdictions concerned,
or to the information memorandum for further applicable restrictions in this offer.
Information agent
The Bank of New York Mellon, London
Corporate trust events administration
Tel: +44 207 964 4958
Fax: +44 207 964 2356
E-mail: eventsadmin(at)bnymellon.com
This corporate action notification does not constitute an offer to sell or the solicitation of an offer to buy any securities by anyone in any jurisdiction. it is not, and should not be construed or treated as, investment or financial advice. In providing this information, euroclear
bank is not acting as agent of the issuer.
By sending an instruction, you confirm to euroclear bank that you (and any beneficial owner(s) for whom you act) comply with the terms and conditions of the offer.
|