Issue, circulation and maturity terms of the 12th issue bonds of Kazakhstan Mortgage Company JSC

/IRBIS, Ranida Gabdeyeva, June 6, 05/ - Following is the characteristics of the 12th issue bonds of Kazakhstan Mortgage Company 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 company's second bond program, which was registered by Kazakhstan agency for financial market and financial organizations regulation and supervision on March 30 of 2005. Data is shown in accordance with conclusion of KASE's Listing commission and Specification of the second bonds issue of Kazakhstan Mortgage Company JSC made within the second bond program. -------------------------------------------------------------------------------- Type of securities: mortgage bonds with floating coupon rate Debt type: secured Issue and servicing currency: KZT National identification number: KZPC2Y12B547 Issue number in state register: В54-2 Issue registration date: 30.03.05 Register maintenance: Central securities depository JSC (Almaty) Underwriter of the issue: Alliance Bank JSC (Almaty) Pawn's condition controlled by: ALMIR CONSULTING LLP (Almaty) Bondholders' representative: Bank CenterCredit JSC (Almaty) Face value: KZT1 Issue volume in issue currency: 5,000,000,000 Issue volume in securities: 5,000,000,000 Circulation start date (issue date): 10.04.05 Circulation term (calendar): 12 years since circulation start date Floatation term: during the whole circulation period Register fixation date at maturity: 09.04.17 Maturity start date: 10.04.17 Maturity term: within 5 working days after the day following register fixation date Coupon size: floating depending on inflation rate in Kazakhstan Register fixation dates for coupon October 9 and April 9 of each year payment: Coupon payment start date: October 10 and April 10 of each year Coupon payment term: within 5 working days after the day following register fixation date Time basis at all settlements: 30/360. European method Date of inclusion in KASE trade lists: 06.06.05 Trade code of KASE: KZIKb12 Date of first trades on the secondary will be determined later market: Quoting system on KASE: in "clean" prices expressed as % from the face value Accuracy of price changing at quoting: up to 4 decimal figures Market-maker on KASE: Alliance Bank JSC Minimal volume of compulsory quotation: 1,900,000 bonds --------------------------------------- ---------------------------------------- Credit ratings of the issue: absent as of 06.06.05 Credit ratings of the issuer: Baa2/stable (Moody's) -------------------------------------------------------------------------------- Interest rate is floating, it's calculated in the following way: y = i -100 + m, where y - coupon rate; i - inflationr ate in annual expression for the month preceding to the month, in which the rate is set or reexamined; m - fixed margin. There is the upper limit of interest rate on bonds - 7.5% APR. Interest rate can not be higher than the above-mentioned value. If the value [inflation rate below 100] is negative, i.e. there is deflation, inflation rate equal to zero is taken for interest rate calculation. Fixed margin is determined by the results of the first trades on bonds primary floatation. These trades are held by Kazakhstan stock exchange Inc. and are specialized ones. Fixed margin of coupon rate for bonds whole circulation period will be the subject of the trade. Cut-off rate determined by the results of specialized trades is taken as fixed margin. Information about interest rate is published on KASE's web-site according to results of trades. If according to results of fixed margin determination there is the rate higher than the set upper limit including inflation rate, this margin is fixed, but interest rate for the current coupon period until the next reexamination is set at the rate of 7.5% APR. Date, since which interest is charged, is bonds circulation start date - April 10 of 2005. Detailed information about the securities, including Listing commission's conclusion and issue specification is available on KASE's web-site at http://www.kase.kz/emitters/kzik.asp [2005-06-06]