/IRBIS, Sergey Yakovlev, May 16, 06/ - Following is the characteristics
of KZPС6Y10B658 issue bonds of Bank CenterCredit JSC (Almaty), which is
given in accordance with their inclusion in Kazakhstan stock exchange's
(KASE) official "A" listing category.
Information published below is shown in accordance with conclusion of
KASE's Listing commission and Specification of the sixth bond issue within
first bond program of Bank CenterCredit JSC.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured, subordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
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Number of bond program
in state register: B65
Bond program registration date: July 6, 05
Amount of bond program: KZT50.0 bn.
Issue number in bond program: 6
Issue number in state register: B65-6
Issue registration date: April 12, 06
National identification number: KZPС6Y10B658
Bondholders' register maintenance: Center DAR LLP (Almaty)
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Face value: KZT100
Issue volume in issue currency: 4,000,000,000
Issue volume in securities: 40,000,000
Date of circulation start: April 13, 06
Circulation term: 10 years
Floatation term: during the whole circulation term
Register fixation date at maturity: April 12, 16
Maturity start date: April 13, 16
Maturity term: during 20 calendar days after
completion of bonds circulation
period
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Coupon rate: 9.0% APR for the first year of
circulation, later - floating, depends
on inflation rate in Kazakhstan
Register fixation dates for coupon
payment: April 12 and October 12 annually
Coupons payment start dates: April 13 and October 13 annually
Term of coupon payments: within 20 calendar days from the
date of last day of the period, within
which payment is to be made
Times basis: 30/360, European method
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Date of admittance in trade lists
of KASE: May 16, 06
Trade code of KASE: CCBNb13
Date of first trades: will be determined later
Quoting system on KASE: in clean prices, % from the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE: KIB ASSET MANAGEMENT JSC
Minimal volume of compulsory
quotation: 20,600 bonds
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Credit ratings of the issue: absent as of May 16, 06
Issuer's credit ratings:
Moody's D-/Ba1/positive/NP
Fitch BB-/stable/B/3, individual D
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The interest rate on bonds is 9.0% APR for the first year of circulation,
from the second year of circulation the rate is floating, depends on
inflation rate, and is determined by the formula:
r = i + m, where
r - the coupon rate; i - inflation, calculated as growth/decline of consumer
price index (index value minus 100%) for the last 12 months, published by
Kazakhstan Statistics Agency, for the month preceding to two calendar
months before next coupon payment date; m - fixed margin at the rate of
1.0% APR.
The upper limit of the rate is set on the level of 10.5% APR, the lower -
3% APR.
Publication of announcement about change of interest rate is made not later
than three working days before the start of new coupon period. The bank
gives this information to bonds holders by means of placing the
announcement on KASE's web-site.
By the decision of the Board of directors the issuer has a right to redeem
bonds on organized and non-organized market in order to sell further to
other investors. Price of deal is determined from the best market terms,
formed at the moment of deal conclusion.
Detailed information about the issuer and the securities will soon be
available on KASE's web-site at
http://www.kase.kz/emitters/ccbn.asp
[2006-05-16]