/IRBIS, Sergey Yakovlev, June 28, 06/ - Following is the characteristics of
KZPC3Y08B873 issue bonds of Tsesnabank JSC (Astana), which is given in
accordance with their inclusion in Kazakhstan stock exchange's (KASE)
official "A" listing category.
Information given below is shown in accordance with conclusion of KASE's
Listing commission and Specification of bond issue.
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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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Bond program number in the state register: B87
Bond program registration date: January 6, 06
Amount of bond program: KZT15 bn.
Issue number in bond program: 3
Issue number in state register: B87-3
Issue registration date: June 7, 06
National identification number: KZPC3Y08B873
Bondholders' register maintenance: Registration system of securities
JSC (Almaty)
Issuer's financial consultant TuranAlem Securities JSC (Almaty)
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Bond's face value: KZT1
Issue volume in issue currency: 3,000,000,000
Issue volume in securities: 3,000,000,000
Circulation start date: June 28, 06
Circulation term: 8 years
Offering term: during the whole
circulation period
Register fixation date at maturity: June 27, 14
Maturity start date: June 28, 14
Maturity term: within 10 working daysб following
after register fixation date
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Coupon rate: floating, depends on inflation
rate in Kazakhstan, 9.9% APR
for the first coupon period
Register fixation dates for coupons payment: December 27 and June 27 annually
Coupons payment start dates: December 28 and June 28 annually
Term of coupon payments: within 10 working days following
after register fixation day
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: June 16, 06
Trade code of KASE: TSBNb5
Date of first trades: to be announced later
Quoting system on KASE: in net prices, % from
the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE: TuranAlem Securities JSC (Almaty)
Minimum volume of compulsory quotation: 2,060,000 bonds
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Credit ratings of the issue: absent as of June 28, 06
Issuer's credit ratings: Moody's: E+/B1/stable/NP
S&P: B-/stable/C
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Coupon rate is floating, depends on inflation rate. It is revised by the Board
of directors every 6 months and determined by the formula: r = i + m, where
r - coupon rate, i - inflation rate calculated as growth/falling of consumer
price index (index value in percentage minus 100%), which is published by
Kazakhstan statistics agency for the last 12 months preceding to two months
before the start date of the next coupon period; m - fixed margin at 1% APR.
Maximum value of coupon rate is 10%, minimum (at deflation) - 6%.
Advanced redemption (repurchase) of bonds was not stipulated.
Detailed information about the issuer and his securities is available on
KASE's web-site at
http://www.kase.kz/emitters/tsbn.asp
[2006-06-28]