/IRBIS, Sergey Yakovlev, August 4, 06/ - Following is the characteristics of
KZPC1Y10C111 issue bonds of Daughter mortgage organization of the joint
stock company Bank TuranAlem BTA Ipoteka JSC (Almaty), which is given
in accordance with their inclusion in Kazakhstan stock exchange's (KASE)
official "A" listing category.
Data is shown in accordance with conclusion of KASE's Listing commission
and Specification of the first mortgage bonds issue within frameworks of the
third bonds program.
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Type of securities: bonds with floated coupon interest rate
Debt type: secured, non-subordinate rights of
Securing demand on contracts of mortgage loan
Currency of the issue and servicing Kazakhstan tenge (KZT)
Bond program registration date: June 2, 06
Bond program number in state register: С11
The amount of the bonds program KZT50.0 bn.
Issue number in the state register С11-1
Issue registration date June 2, 06
National identification number: KZPC1Y10C111
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Bonds holders' register maintenance: Register-Center JSC (Almaty)
Auditor of pawn property: NAK Centeraudit-Kazakhstan (Almaty)
Representative of bondholders: Bank CenterCredit JSC (Almaty)
Financial consultant: General Asset management JSC (Almaty)
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Face value of bond: KZT100
Issue volume in issue currency: 10,000,000,000
Issue volume in securities: 100,000,000
Circulation start date (issue date): August 4, 06
Circulation term: 10 years
Offering term: during the whole circulation period
Register fixation date at maturity: August 3, 16
Maturity start date: August 4, 16
Maturity term: within 5 working days since
maturity start date
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Coupon interest rate: for the first coupon period 8.5% APR
hereinafter - floating
Dates of register fixation for
coupon payment: February 3 and August 3 annually
Date of start coupon payment: February 4 and August 4 annually
Term of coupon payment: within 5 working days after the day
following the register fixation date
Time base for all settlements: 30/360, European method
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Date of inclusion in KASE trade lists: August 4, 06
Trade code of KASE: BTAIb11
Date of first trades: will be determined later
Quoting system on KASE: in % from the face value
Accuracy of price changing at quoting: up to 4 decimal figures
Market-maker on KASE: TuranAlem Securities JSC (Almaty)
Minimal volume of compulsory quotation: 20,600 bonds
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Credit ratings of the issue: absent as of August 4, 06
Credit ratings of the issuer: S&P: B+/stable/B
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Coupon rate for the first coupon period is 8.5% APR. Starting from the
second coupon period, coupon rate on these bonds (in APR)is floating and
calculated as follows:
15 minus [index of consumers prices in annual expression (for the last 12
months) for the month, preceding the month, in which the rate is fixed or
reconsideration is made] minus [100].
If index of consumers' prices changes its value, technique of its calculation
and so on, while calculating coupon rate, it is used equivalent indicator, fixed
by Statistic Agency of Republic of Kazakhstan.
Coupon rate is reconsidered each six months, starting from the date of
circulation in compliance with changes of index of consumers' prices by data
of Statistic agency of Republic of Kazakhstan.
There is fixed the upper and lower levels of coupon rate on bonds within the
whole term of their circulation:
Value of upper level of coupon rate is 8.5% APR, lower - 3.0% APR.
After the expiry of 3 (three) years since the date of circulation start an issuer
has a right to purchase bonds ahead of time in the aim of their pre-term
maturity at face value. Board of directors of an issuer takes decision on pre-
term purchase.
Detailed information about the securities will be published on KASE's web
site at
http://www.kase.kz/emitters/btai.asp in the nearest future.
[2006-08-04]