As of August 1, 2007 Danabank JSC (Kazakhstan) can meet its obligations to holders of KZ2CKY05B752 bonds - Bank CenterCredit JSC

02.09.07 21:31
/KASE, September 1, 07/ - Bank CenterCredit JSC (Almaty), which is the Representative of holders of mortgage bonds of Danabank JSC (Almaty, hereinafter - the bank) of KZ2CKY05B752 issue (KASE's category "A" official list, DNBNb1; KZT1,000, KZT1.0 bn; January 5, 06 - January 5, 11, semi annual coupon indexed on inflation rate, 10.10% APR for the current coupon period; 30/360) informed Kazakhstan stock exchange (KASE) about conducting a check-up of the property that serves as guarantee of fulfillment of an obligation of the bank to the holders of the specified bonds. According to the announcement by a Representative, the accomplished procedure of checking up the presented documents witnesses about the following: - condition of the collateral that serves as security of mortgage KZ2CKY05B752 bonds satisfies the requirements made for the secured securities in accordance with the legislation of the Kazakhstan Republic; - value of the coefficient of securing mortgage bonds meets the requirements of the prospect of bonds' issue and of the contract of pledge; - coupon payments are held in proper time and in the full volume. [2007-09-02]