/IRBIS, Sergey Yakovlev, October 21, 04/ - Following is the characteristics
of the second issue bonds of BTA Mortgage JSC (Almaty) published in
connection with their admittance into official list of securities of Kazakhstan
Stock Exchange (KASE) under category "B".
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Type of securities: Mortgage bonds with floating rate
Debt type: secured
Issue and servicing currency: Kazakhstani tenge (KZT)
National identification number: KZ2CKY10B257
Emission registration date June 30, 2004
Issue number in state register: B25
Register maintenance: Register Center LLP(Almaty)
Representative of bondholder: Bank CenterCredit JSC
Payment agent: Bank CenterCredit JSC
Financial consultant: General Asset management JSC (Almaty)
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Face value of a bond: KZT 1.0
Issue volume in issue currency: 1,500,000,000
Issue volume in securities: 1,500,000,000
Date of circulation start (issue date): Oct 21, 04
Circulation term: 7 years
Floatation term: During whole circulation period
Maturity date: Oct 21, 14
Register fixation date at maturity: Oct 20, 14
Coupon rate: Set at public offering and revised
each 6 months
Coupon payment date: April 21 and October 21 each year
Register fixation date for coupon payment: April 20 and October 20 each year
Time base in all calculations 30/360, European method
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Date of admittance in trade lists of KASE: Oct 21, 04
Trade code of KASE: BTAIb2
Date of first trades at secondary market: Oct 26, 04
Quotation system: net prices
Accuracy of quotations: 4 decimal figures
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Credit ratings of issue: absent as of October 21, 04
Credit ratings of issuer: S&P: B+/stable /B
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Coupon rate of bonds is floating and determined (in % APR) in following way:
[annualized (last 12 months) consumer price index for a month previous to
the month coupon rate was set in or revised] minus [100] plus [fixed margin].
In case if value of [CPI minus 100] will become negative, i.e. deflation,
interest rate is calculated on the assumption of zero inflation. If name or
calculation methodology of CPI will change issuer apply any other index
compiled by the Statistic Agency to calculate inflation.
Coupon rate is revised each 6 months from circulation date according to
change fluctuation of the consumer price index compiled by the Statistic
Agency.
From circulation date issuer has set upper (14%) and bottom ceiling (5%) of
coupon rate. If coupon rate ceiling is revised the issuer must publish
corresponding notification in Kazakhstanskaya Pravda newspaper 30 days
prior to each New Year.
Proceeds from borrowing will be used by the Issuer in order to refinance its
short-term loans, which were obtained for mortgage financing.
More detailed information about securities, including conclusion of the Listing
exchange committee will be published on pages of official web site of the
exchange at
http://www.kase.kz/emitters/btai.asp in the nearest term.
[2004-10-21]