Underwriting  is a financial service on the issue and placement of securities of the Client at the organized and non-organized market of securities.  

License for broker dealer financial services at the stock market.
A financial consultant is the member of Kazakhstan stock exchange under the category "Р".

1)   Issuance and placement of securities in the stock market

1.     Equity financing

Services offered on Attraction of the equity financing

• The preliminary procedures on the equity financing of the Company;
• Choosing the strategy of  the equity financing – private or public placement of stocks;
• Preparation of the required documentation for registration of issuances of stocks in the State  Agency on regulation and supervision of financial market and financial organizations;
• Preparation of investment memorandums for investors;
• Assistance in undertaking the listing procedure at KASE;
• Marketing  of the issuance – preparation and presentation (a road show);
• Placement of stocks among investors at the maximum high price.

The main advantages of the share capital financing:

• The interest rate used in the debt financing is not applicable in the equity financing;
• Company raises money by issuing stock, acquires the financial stability;
• A long term capital attraction;
• Attraction of strategic investors and getting access to new markets.

2.     Debt financing

Services on issuance and placement of bonds

• Consultation on issuance of bonds, determination the optimal structure and parameters of the bond issuance;
• Preparation of documentation for registration the issuance of bonds in the State  Agency on regulation and supervision of financial market and financial organizations;
• Preparation of the investment memorandum;
• Assistance in passing the listing procedure at KASE;
• Marketing  of the issuance of bonds – preparation and presentation (a road show);
• Placement of bonds among investors at the maximum high price.

The main advantages of the debt financing:

• Cost of debt financing is lower than bank loans;
• There is no collateral;
• Independent determination of the terms and conditions of capital attraction;
• There is no financial dependency from one investor;
• Possibility to regulate the volume and cost of debt by the repurchase and additional placement of bonds under the favorable market prices;
• The next issuances of bonds – a possibility to reduce the cost of financing. 

The advantages of securities traded at the stock market

• Wide range of investors;
• Transparency of business;
• Determination of market price of the Company;
• Preferential taxation;
• Positive valuation of the Company in the eyes of suppliers and consumers;
• Improvement of a general corporate image.

2) Financial consulting

• Assistance in working out the Company’s development strategy to get the highest price of the Company;
• Assistance in restructuring and/or  funding of the company;
• Consultation on merger and acquisition, attraction of financial resources at the international capital markets;
• The complex business diagnostics of the Company.

q  March 28, 2006 – the license was obtained for broker dealer business at the stock market with a right to  manage the client’s accounts as a nominal holder:

q   August 18, 2006 –  the membership at  the stock market obtained, KASE under the categories  «K», «P», «H»;

Awards and nominations:

• The 2d winner in the domestic bond market based on volumes of underwriting the bonds among the Kazakhstan issuers of the 2006 results of the information agency  «CbondS info» (Russia); 
• The winner in nomination «The fastest growing investment banking»  by the Information Agency «CbondS info» (Russia), 2006;
•  The winner of nomination «The Leading Financial Consultant» of KASE of the  year 2007;
• The second position among the leading operators of the stock market of corporate bonds in Kazakhstan of the year 2007 (JSC «Broker Company «Astana Finance»);