Issue, circulation and repayment terms of bonds of Bank Caspian OJSC of the second issue
30.06.03 00:00
/IRBIS, June 30, 03/ - Below is characteristics of bonds of Bank Caspian OJSC
(Almaty) of the second issue in accordance with their including into Kazakhstan
stock exchange's (KASE) "A" listing category.
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Type of bonds: inscribed coupon indexed
Type of debt: senior unsecured subordinate
Issue currency: Kazakhstan tenge (KZT)
Servicing currency: Kazakhstan tenge (KZT)
National identification number: KZ2CKY07A743
Issue number in state register: А74
Register maintenance: Registratorskaya sistema cennih
bumag CJSC (Almaty)
Date of issue registration: May 13, 03
Bond's face value: KZT1000.00
Issue volume in KZT: 3,100,000,000.00
Issue volume in securities: 150,000
Date of circulation start (issue date): May 28, 03
Circulation term: 7 years
Floatation term: 7 years since circulation start date
Maturity date: May 28, 10
Interest rate 9.5% from indexed nominal value
Dates of interest payment November 28 and May 28 of each year
Time basis at all settlements 30/360 european method
Register fixation term at coupon payment: 30 days before payment date
Register fixation dates for coupon payment: October 28 and April 28 of each year
Register fixation term at maturity: 30 days before maturity date
Register fixation date at maturity: April 28, 10
Date of admittance in trade lists of KASE: Will be defined later
Trade code of KASE: CSBNb2
Date of first trades: Will be defined later
Accuracy of price change: 4 decimal points
Market-maker at KASE: RG Securities LLP (Almaty)
Minimal volume of compulsory quotation: 90 bonds
Credit ratings of the issue absent on issue date
Credit ratings of the issuer
Moody's Ва3/stable/NP
Fitch В-/stable/В
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Issue terms do not include norms impairing or infringing owners' rights on
their disposal (alienation).
Indexed face value is calculated as product of the face value by
devaluation/revaluation rate coefficient (Kd), which is calculated as ratio of
weighted average rate of US dollar relative to tenge (Xt), which was determined
at KASE's morning session on payment date, to similar rate (Xo) on the date of
bonds circulation start (Kd = Xt/Xo). If Xt less than Xo, Kd = 1
Interest rate payment on the bonds will be made in tenge twice a year ion each
six months since the date of bonds circulation start on the basis of 360 days
in the year and 30 days in the month during the whole circulation term of the
bonds. Persons, who purchased bonds no later than 30 days before the date of
interest rate payment, have the right for receiving interest. If the date of
coupon interest payment or maturity date coincide with a day off or a holiday,
payment for bondholder will be made on the first working day, which will follow
the day off or the holiday. A bondholder has no right to demand interest or
another compensation for such delay of payment.
Coupon interest rate on payment date is calculated as product of indexed face
value, fixed annual coupon rate and number of days, within which interest rate
payment is made, divided into 360.
Nominal value of bonds is indexed to USD/KZT exchange rate. The estimation
formula is given in the terms of bonds.
Bonds will be redeemed at their indexed face value estimated at actual maturity
date by means of money transfer to the current accounts of bondholders or
using cash payments at the head office of the bank. Bondholders should register
no later than 30 days before maturity date.
Purposes of this issue: activation of company's activity in the sphere of
financing of large enterprises of real sector of the economy, and increasing of
crediting volumes for mid- and small enterprises.
Detailed information about securities and their issuer, including conclusion of
stock exchange's listing commission, will be published in the official
electronic representatives of the KASE in the Internet (www.kase.kz) in the
nearest future.
[2003-06-30]