OREANDA-NEWS. July 14, 2010. Kazkommertsbank (135zh Gagarin str., Almaty, 050060) is announcing that the Management Board made a decision on the placement of the first issue of coupon bonds under the second bond program of Kazkommertsbank ("Bond issue"). The Bond issue was registered with the state in the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations on January 14, 2010. The Bond issue was registered with the State share register under number D70-1, reported the press-centre of KASE.

The total volume of the issue is KZT35,000,000,000 (thirty five billion) tenge.

The type and the number of bonds to be placed - 35,000,000 (thirty five million) coupon unsecured bonds.

Bond nominal value is KZT1,000 (one thousand tenge).

Coupon interest rate is 9 % APR of bond nominal value for the whole period of circulation.

Bond circulation term is 6 (six) years.

In accordance with the Issue terms the bonds are subject to placement during the entire circulation term.

Bonds are payable in cash. The bonds are paid in accordance with terms of the Bond issue and Bond purchase and sale agreement between Kazkommertsbank and an investor.

Standard & Poor's assigned the bond issue rating 'B'.

Applications for purchase of bonds from investors will be received beginning July 9, 2010.

To get familiarized with the Bond issue prospectus and other bond related information please contact:  135 'zh' Gagarin ave., Almaty, Kazakhstan, 050060 Kazkommertsbank, Treasury Department Lev Kim, Treasury Department Director Tel.: +7 (727) 258-53-71, +7 (727) 258-54-60

Information on the Bond issue is available at the website of Kazakhstan Stock Exchange at:  http://www.kase.kz/ru/bonds/show/KKGBb9