/KASE, March 23, 05/ - Bank TuranAlem JSC (Almaty), which acts as representative of holders of inflation indexed mortgage bonds of Kazakhstan Mortgage Company JSC (KMC, Almaty), third emission (KZ2CKY10A986;
official "А" listing category of KASE, KZIKb3; KZT 1.0; KZT 5.0 bn, Dec 1, 03 - Apr 1, 14, semiannual inflation indexed coupon, 7.50% APR for current period), inspected the financial position of KMK at January 1, 2005 and March 1, 2005.

The bank said this in a statement released for Kazakhstan Stock Exchange (KASE).

"Results of analysis of the financial position of the Company evidences about its stability, solvency and confirm that the company is able to meet its obligations on coupon payment on its third issue agency bonds of Kazakhstan Mortgage Company JSC", the announcement states.

Written official report on inspection results are available at KASE web-site: see more

[2005-03-25]