/IRBIS, Sergey Yakovlev, May 11, 05/ - Following is the characteristics of the
4th issue bonds of BTA Ipoteka JSC (Almaty), which is given in
accordance with their inclusion in Kazakhstan stock exchange's (KASE)
official "A" listing category.
This is the second issue made within the frameworks of the bond program,
which was registered by Kazakhstan agency for financial market and
financial organizations regulation and supervision on September 30 of 2004.
Data is shown in accordance with conclusion of KASE's Listing commission
and Specification of the second bond issue of BTA Ipoteka JSC made within
the first bond program.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
I coupon rate depending on
ndexation character: inflation rate in azakhstan
National identification number: KZPC2Y05B335
Issue registration date: April 15, 05
Issue number in state register: B33-2
Register maintenance: Register-Center JSC (Almaty)
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Bond's face value: KZT100
Issue volume in issue currency: 2,000,000,000
Issue volume in securities: 20,000,000
Date of circulation start (issue date): May 11, 05
Circulation term: 5 years
Floatation term: during the whole
circulation period
Coupon rate: 9.5% APR for the first coupon
period, afterwards reexamined
by the issuer every six months
Maturity date: May 11, 10
Register fixation date at maturity: May 10, 10
within five working days
Maturity term: since maturity date
November 11 and
Coupons payment dates: May 11 of each year
Register fixation dates November 10 and
for coupons payment: May 10 of each year
Coupon payment period: within five working days after
the day ollowing register
fixation date
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: May 11, 05
Trade code of KASE: BTAIb4
Date of first trades on the secondary market: to be determined later
Quoting system at KASE: in clean prices, % from
the face value
Accuracy of price changing in quoting: up to 4th decimal figures
Market-maker at KASE: TuranAlem Securities
JSC (Almaty)
Minimal volume of compulsory quotation: 19,400 bonds
Issuer's financial consultant: General Asset
management JSC (Almaty)
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Credit ratings of the issue: absent as of May 11, 05
Credit ratings of the issuer: S&P: B+/stable/B
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Interest rate on bonds for the first coupon period is 9.5% APR. Starting from
the second coupon period interest rate on bonds (% APR) is floating and is
calculated in the following way:
r = I + M, where
г - interest rate, as % APR;
I - consumer price index in annual expression (for the last 12 months) for
the month preceding to the month, in which the rate is set, or it's reexamined
according to data of Kazakhstan statistics agency minus [100], as %;
М - fixed margin equal to 2%.
Starting from the second coupon period interest rate is reexamined every six
months in accordance with changing of consumer price index according to
data of Kazakhstan statistics agency.
The upper and the lower limits of interest rate are set for the whole
circulation period: the upper limit is 11% APR; the lower limit is 4% APR.
Detailed information about these securities, including conclusion of
exchange's Listing commission and specification of the issue, is available on
KASE's web-site at
http://www.kase.kz/emitters/btai.asp
[2005-05-11]