BTA Ipoteka JSC (Kazakhstan) redeemed a tranche for $5 m.

/KASE, May 26, 05/ - BTA Ipoteka JSC (Almaty), whose bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has informed KASE by the official letter that on May 25 of 2005 company redeemed a tranche for $5 m. The loan was received on November 22 of 2004 for 1 year in compliance with the Agreement about giving a credit line made with SB Alfa-Bank JSC (Almaty). In October of 2004 Standard & Poor's assigned to BTA Ipoteka JSC "В+/В" rating with "stable" outlook. Primary activities of BTA Ipoteka JSC - carrying out works and rendering services for companies, organizations and population concerned with mortgage financing of purchase, building and repair of real estate, loan operations, consulting services. [2005-05-26]