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]