/IRBIS, Dinara Mukasheva, March 1, 07/ - Following is the characteristics of
KZ2C0Y03C387 bonds of Kazakh distribution company JSC (Almaty), which
is given in accordance with their inclusion in Kazakhstan stock exchange's
(KASE) official "B" listing category.
Data are shown in accordance with conclusion of KASE's Listing commission
and Specification of bonds issue.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured
Currency of the issue and servicing Kazakhstan tenge (KZT)
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Bond program number C38
in state register:
Bond program registration date: February 27, 06
National identification number: KZ2C0Y03C387
Bondholders register maintenance: REESTR-SERVICE JSC (Almaty)
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Face value KZT1,000
Issue volume in issue currency 1,000,000,000
Issue volume in securities 1,000,000
Circulation start date March 1, 2007
Circulation term 3 years
Offer term: during the whole circulation period
Register fixation date at maturity: February 28, 10
Maturity starting date: March 1, 10
Maturity term: 10 working days after
day following after the end
of circulation period
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Coupon rate: for the first year of
ciculation - 9.50% APR,
further - floating, depends
on inflation rate in Kazakhstan
Date of register fixation last day of each February
for coupon payment: and on August 31 annually
Date of coupon payment start: March 1 and September 1 annually
Term of coupon payment 10 working days after
the day following the last
day of period, for which
the payment is made
Time basis for all settlements: 30/360, European method
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Date of inclusion in KASE trade lists: March 1, 2007
Trade code of KASE: KZDKb1
Date of first trades: March 1, 2007
Quoting system on KASE In net prices, % from face value
Accuracy of price changing at quoting: up to 4 decimal figures
Issuer's financial consultant: Astana-Finance JSC (Almaty)
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Credit ratings of the issue: absent as of March 1, 07
Credit ratings of the issuer: absent as of March 1, 07
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The interest rate for the first year of circulation is - 9.50% APR of the face
value of bonds. In subsequent years of circulation interest rate on bonds
becomes floating, reconsidered each 6 months and calculated by formula:
r = i + m, where
r - coupon payment rate;
i - inflation rate, calculated as increase/decrease of consumer price index in
annual expression (value of index in percents minus 100%), published by
Statistics agency of Kazakhstan for a month, preceding two months until the
date of the next coupon payment beginning;
m - the fixed margin, which makes 2.0% APR.
The value of the upper limit of the rate is set at 11% APR, lower - 6% APR.
The issuer has a right to repurchase bonds with the purpose of advanced
repayment, but not earlier than the second year of circulation, fully or
partially. Repurchase of bonds with the objective of advanced payment is
made at face value at the same time with the corresponding interest
payment on bonds.
Is the issuer purchases only a part of bonds with the purpose of partial
advanced repayment, the repurchase is executed proportionally, i.e. from
every bondholder depending on the number of bonds that he owns. Amount
of repurchase with the purpose of partial advanced repayment of the primary
debt is rounded to the whole number and is not less than one tenge.
Detailed information about the issuer and securities is published on KASE's
website at
http://www.kase.kz/emitters/kzdk.asp
[2007-03-01]