/IRBIS, Sergey Yakovlev, January 5, 06/ - Following is the characteristics of
KZ2CKY05B752 issue mortgage bonds of DANABANK JSC (Pavlodar),
which is given in accordance with their inclusion in Kazakhstan stock
exchange's (KASE) official "B" listing category.
Information given below is shown in accordance with conclusion of KASE's
Listing commission and Specification of the first issue bonds of DANABANK
JSC.
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Type of securities: mortgage bonds with
indexed coupon rate
Debt type: secured insubordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: coupon rate
depending on inflation
rate in Kazakhstan
Issue number in state register: B75
Issue registration date: October 4, 05
National identification number: KZ2CKY05B752
Bondholders' register maintenance: Fondovyi Tsentr JSC (Almaty)
Issuer's financial consultant: Valut-Tranzit-Bank
JSC (Karaganda)
Bondholders' representative: Valut-Tranzit-Bank JSC
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Bonds face value: KZT1,000
Issue volume in issue currency: 1,000,000,000
Issue volume in securities: 1,000,000
Circulation start date: January 5, 06
Circulation term: 5 years
Offering term: within the whole
circulation period
Register fixation date at maturity: January 4, 11
Maturity date: January 5, 11
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Coupon rate: 9.5% APR for the first
coupon period,
afterwards - floating
Register fixation dates July 4 and January 4
for coupons payment: of each year
Coupons payment dates: July 5 and January 5
of each year
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: January 4, 06
Trade code of KASE: DNBNb1
Date of first trades: to be determined later
Quoting system on KASE: in clean prices,
% from the face value
Accuracy of price changing in quoting: 4 decimal figures
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Credit ratings of the issue: absent as of January 5, 06
Issuer's credit ratings: absent as of January 5, 06
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Interest rate for the first coupon period is 9.5% APR from bonds face value.
Since the second coupon period (after the first coupon payment) the rate is
floating, indexed to inflation rate, reexamined every six months since
circulation start date and is calculated by the formula:
r = i + m, where
r - interest rate; i - inflation, calculated as increase/decrease of consumer
price index (value of the index in % minus 100%) for the last twelve months,
published by Statistics Agency of the Republic of Kazakhstan, for the month
preceding to one calendar month before coupon period start date; m - fixed
margin in the amount 2%.
The upper limit of interest rate is fixed at 10.5% APR from the face value,
lower - 6% APR from the face value.
Bonds are secured by the pool of mortgage certificates on mortgage loans
agreements.
Prescheduled (full or partial) redemption or retirement is not provided for
this bond issue.
Detailed information about the issuer and his securities is available on
KASE's web-site at
http://www.kase.kz/emitters/dnbn.asp
[2006-01-05]