/IRBIS, Sergey Yakovlev, December 20, 04/ - Below is the characteristics of
bonds of BTA Mortgage JSC (Almaty) of the third issue published in
connection with their admittance into official list of securities of Kazakhstan
Stock Exchange (KASE) under category "B". This issue of bonds is the first
in the frame of bond program, registered by the Agency of the Republic of
Kazakhstan for regulation and supervision of financial market and financial
organizations on November 22, 2004.
Below published information is shown in accordance with conclusion of
KASE's Listing commission and Specification of the first issue bonds of BTA
Mortgage JSC, issued in the frame of the first bond program.
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Type of securities: Mortgage bonds with floating coupon
rate
Debt type: secured
Issue and servicing currency: Kazakhstani tenge (KZT)
Indexation type Coupon rate depending upon
inflation level in Kazkahstan
National identification number: KZPC1Y07B335
Emission registration date November 22, 2004
Issue number in state register: B33-1
Register maintenance: Register Center LLP(Almaty)
Representative of bondholder: Bank CenterCredit JSC
Auditor of issuer: Centeraudit-Kazakhstan LLP
(Almaty)
Financial consultant: General Asset management JSC
(Almaty)
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Face value of a bond: KZT 1
Issue volume in issue currency: 2,000,000,000
Issue volume in securities: 2,000,000,000
Date of circulation start (issue date): Dec. 15, 04
Circulation term: 7 years
Floatation term: During whole circulation period
Coupon rate: 8.5% APR for the first coupon period,
afterward is to be reconsidered by
the issuer each six months
Maturity date: Dec. 15, 11
Maturity term: Dec. 14, 11
Fixation date of register at maturity during five working days from the
date of maturity
Coupon payment date: June 15 and December 15 each year
Register fixation date for coupon payment: June 14 and December 14 each year
Term for payment of coupon: During five working days after the
day, following to the day of register
fixation
Time base in all calculations 30/360, European method
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Date of admittance in trade lists of KASE: Dec 20, 04
Trade code of KASE: BTAIb3
Date of first trades at secondary market: Will be determined later
Quotation system at KASE: in net prices, in percents from
nominal value
Accuracy of quotations: 4 decimal figures
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Credit ratings of issue: absent as of December 20, 04
Credit ratings of issuer: S&P: B+/stable /B
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Interest rate on bonds for the first coupon period is 8.5% APR. Beginning
from the second coupon period, rate of interest on bonds (in percents APR)
floating and is to be calculated in the following way:
[index of consumer prices in yearly expression (for the last 12 months) in a
month previous to the month coupon rate was set in or revised] minus [100]
plus.
In case if value of consumer price 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 (4%) of
coupon rate.
More detailed information about securities, including conclusion of the Listing
exchange committee and issue prospect will be published on pages of
official web site of the exchange at
http://www.kase.kz/emitters/btai.asp.
[2004-12-20]