BTA Ipoteka JSC (Kazakhstan) meets solvency on the 4th coupon payment on its 1st issue bonds - Bank CenterCredit JSC

/KASE, December 28, 04/ - Bank CenterCredit JSC (Almaty), which is the Representative of holders of the first issue mortgage bonds of BTA Ipoteka JSC (Almaty) (KZ2CKY07A867; KASE's official "B" listing category, BTAIb1; KZT10,000.00, KZT500.0 m.; December 26, 03 - December 26, 10, three- month coupon with floating rate, 10.00% APR for the reporting period), as well as the issuer's Payment agent, has informed Kazakhstan stock exchange (KASE) by the official letter that BTA Ipoteka JSC can fulfill its obligations on the fourth coupon payment on these bonds. The message of Bank CenterCredit JSC says in accordance with analyzing of the financial condition of BTA Ipoteka JSC and conclusion of independent auditor as of June 30 of 2004 the company was stable and solvent. No circumstances able to cause violation of bondholders' rights and interests were revealed. [2004-12-28]