/IRBIS, Sergey Yakovlev, February 18, 05/ - Following is the characteristics
of the first issue bonds of Kazakhstan Kagazy JSC (Almaty oblast, Abai set),
which is given in accordance with their inclusion in Kazakhstan stock
exchange's (KASE) official "A" listing category.
Data is shown in accordance with conclusion of KASE's Listing commission
and Prospectus of the 1st issue bonds of Kazakhstan Kagazy JSC.
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Type of securities: bonds with indexed coupon rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation type: linked to inflation rate in Kazakhstan
National identification number: KZ2CKY05B448
Issue number in state register: B44
Registrar Zerde OJSC (Almaty)
Financial Consultant Financial Company Alliance Capital JSC
and Kazkommerts Invest JSC (Almaty)
Date of issue registration: Dec 22, 05
Nominal value KZT1
Issue volume in issue currency: 4,000,000,000
Issue volume in securities: 4,000,000,000
Date of circulation start (issue date): Feb 18, 05
Circulation term: 5 years
Floatation term: during the whole circulation term
Register fixation date at maturity: Feb 17, 10
Redemption start date: Feb 18, 10
Maturity within 10 working days from
last circulation day
Coupon interest: 9.2% APR for the first period,
afterwards floating
Register fixation dates for coupon August 17 and February 17 of each year
payment:
Dates of coupon start payment: August 18 and February 18 of each year
Coupon payment term within 10 working days from
last coupon payment day
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of Feb 18, 05
KASE:
Trade code of KASE: KKAGb1
Quotation accuracy to 4 decimal figures
Quoting system at KASE: in "clean" prices expressed as % of
the face value
Market-maker at KASE Financial company Alliance Capital JSC
Minimal volume of compulsory quotation: 1 900 000 bonds
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Credit ratings of the issue: absent as of Feb 18, 05
Credit ratings of the issuer: absent as of Feb 18, 05
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Coupon rate on bonds: r = i + m, where r - coupon rate; i - inflation
calculated as growth/falling of consumer price index (in percentage
expression minus 100%), which is published by Kazakhstan statistics agency
for the last 12 months preceding to two months, in which the rate is set or
reexamined, in accordance with the data of Kazakhstan statistics agency; m
- fixed margin at the rate of 2.5% APR. The upper limit of the rate is
13.0%APR, lower- 2.5%APR.
Issue terms allow for the right of purchasing back or advance partial
redemption (callable option). The whole issue or its part might be
repurchased back or repaid in advance. Advance repayment can be made at
face value. The call price is at market value, calculated as average of bid
prices for three months as per KASE data. At early redemption bondholders
are also paid the coupon accumulated.
The issuer informs investors of intention to redeem bonds in advance by a
means of publishing an announcement via Kazakhstan Stock Exchange SJC
not later than 15 calendar days in advance.
Detailed information about the issuer and his securities is available on
KASE's web-site at
http://www.kase.kz/emitters/kkag.asp
[2005-02-18]