Kazkommerts Securities provided high quality advice to the Government of the Republic of Kazakhstan in privatisation of the National Telecommunication Operator of the Republic of Kazakhstan - OJSC «Kazakhtelecom». Kazkommerts Securities was the financial advisor of the Government of the Republic of Kazakhstan in negotiations with Deutsche Telecom AG on privatisation of OJSC “Kazakhtelecom”. In early 1998 Kazkommerts Securities acted as a financial advisor in acquisition of 40% stake in Kazakhtelecom from Daewoo and placed 10% of Kazakhtelecom’s shares in the form of depository receipts with international investors. Currently the depository receipts are successfully traded on Berlin and Frankfurt Stock Exchanges and on the over-the-counter market. Currently, Kazkommerts Securities has an advisory mandate for the strategic sale of 30% stake in Kazakhtelecom to an international telecommunications operator. 

Kazkommerts Securities participated in arranging the first in Kazakhstan depository receipts program for OJSC “Kazkommertsbank” as one of the lead managers. In May 1998, Kazkommerts Securities acted as a co-manager of the first in Kazakhstan Eurobond issue of a non-government issuer, OJSC “Kazkommertsbank”. Kazkommerts Securities acted as co-manager in placement of OJSC “Kazkommertsbank” bonds on the domestic market in December 2000. The volume of the issue accounted for USD 20 million. Kazkommerts Securities also advises a number of companies affiliated or co-operating with Kazkommertsbank. Kazkommerts Securities conducted financial expertise and prepared business plans and valuations of currently successfully operating businesses in media, mineral fertilizers, construction, and food processing sectors. 

Kazkommerts Securities advised OJSC “Kazakhtelecom” in the sale of 51% in “GSM Kazakhstan” (K-Cell), the first mobile communication company of GSM system, to a strategic investor, Turkcell. The total amount of the transaction exceeded US$60 million. Starting 1999, Kazkommerts Securities advises K-Cell on financial and tax issues on a regular basis. 

Kazkommerts Securities acted as co-manager in all three eurobond issues of the Republic of Kazakhstan in 1996, 1997 and 1999.

In September 1998 Kazkommerts Securities arranged the issue of UKTMC’s depository receipts on the international capital markets.

Kazkommerts Securities participated in the issue and placement on the securities market of American and Global Depository Receipts of OJSC “Shymkentnefteorgsintez” and acts as its financial advisor. 

Kazkommerts Securities acted as the lead-manager in the placement of the first issue of OJSC “Almaty Kus” bonds on the domestic stock market in April 2000. It was the first issue of bonds of an industrial company on Kazakhstan domestic market. The USD 4.5 million issue was placed with large institutional investors.

Kazkommerts Securities advises OJSC Karazhanbasmunai on the corporate finance and investment issues. Our company has built effective co-operation with OJSC Karazhanbasmunai and its strategic investor, Nations Energy Company Ltd. of Canada. Currently Kazkommerts Securities assists the client in adaptation to post-privatization conditions and building effective financial management at the enterprise. In September 2000 Kazkommerts Securities was appointed the lead-manager of OJSC Karazhanbasmunai bond placement worth USD 20 million on the domestic stock market.

Kazkommerts Securities advised Kazkommertsbank and OJSC Kazakhstan Commerce in the sale of the controlling stake in CJSC KZI Bank to T.C. Ziraat Bankasi of Turkey. Currently CJSC KZI Bank is one of the biggest banks with foreign participation in Kazakhstan.

Kazkommerts Securities advises Kazkommertsbank on the issues of growth and development of its insurance subsidiary, Kazkommerts Policy. Currently Kazkommerts Securities is negotiating with alternative strategic partners on the issues of long-term development and positioning in the region.

Kazkommerts Securities acted as the leading co-manager in the placement of CJSC “Kazakhoil” bonds on the domestic market in June 2000, with the volume of issue standing at USD 25 million.

Kazkommerts Securities acted as the leading co-manager in the USD 25 million placement of CJSC “KazTransOil” bonds on Kazakhstan domestic stock market in November 2000.