/IRBIS, Sergey Yakovlev, October 19, 06/ - Following is the characteristics of
KZ2CKY13B996 issue infrastructure bonds of Batys transit JSC (Almaty),
which is given in accordance with their inclusion in Kazakhstan stock
exchange's (KASE) official "A" listing category.
Data is given in accordance with conclusion of KASE's Listing commission
and Specification of the bond issue.
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Type of securities: infrastructure bonds with floating
coupon rate
Debt type: unsecured, guaranteed
Issue and servicing currency: Kazakhstan tenge (KZT)
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National identification number: KZ2CKY13B996
Issue number in state register: В99
Register maintenace REGISTER-SERVICE JSC (Almaty)
Financial consultant ATFBank JSC (Almaty)
Bonds representative ATFBank JSC
Payment agent Bank TuranAlem JSC
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Issue registration date: March 16, 06
Bond's face value: KZT100
Issue volume in issue currency: 18,830,000,000
Issue volume in securities: 188,300,000
Circulation start date (issue date): March 30, 06
Circulation term: 13 years
Offering term: during the whole circulation period
Register fixation date at maturity: the beginning of March 29, 19
Maturity date: March 30, 19
Maturity term: 20 calendar days starting from the
date
of expire of the bonds circulation
period
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Coupon: annual, 8.0% APR, for the first
coupon period, hereinafter -
floating, dependent on inflation
rate in Kazakhstan
Register fixation datesfor coupons the beginning of March 29 annually
payment:
Coupons payment start dates: April 30annually
Term of coupon payments: 20 calendar days following after
the date the coupon payment
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Times basis at all settlements: 30/360, European method
Date of inclusion in KASE's trading lists October 19, 06
Symbol on KASE: BTTRb1
Date of first trades: will be determined later
Quoting system on KASE: in net prices, % of the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE Kazkommerts Securities JSC (daughter
organization of Kazkommertsbank JSC)
Minimal volume of the obligatory quotation 20,600 bonds
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Credit ratings of the issue: absent as of October 19, 06
Issuer's credit ratings: absent as of October 19, 06
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KASE has available the copy of guarantee contracts between Batys transit
JSC and Government of Republic of Kazakhstan, in compliance with which
Government of Kazakhstan in the person of Ministry of Finance of republic of
Kazakhstan accounts the performance of liability of Batys transit JSC for the
amount, corresponding to the cost of the object, passing to the state and not
exceeding KZT15,692,710,000, and also for the total of the interest, counted
for offering of bonds within the period of construction of the mentioned
bonds.
It is notified in the prospect of bonds issue, that the issuer must provide
assets (determined by the empowered department of the issuer) by the end
of construction of the mentioned object as a pawn security for the payment
of the annual coupon in the size of corresponding to 120% (one hundred
twenty) out of the amount of the annual coupon payment on bonds for the
bonds circulation period. In case the pawn security presents as material
assets, their cost will be determined by independent assessor and will be
liable for securing. The representative of bonds holders acts as the pawn-
holder. The issuer has the right to change the pawn security by any different
assets.
Coupon payment
The coupon payment rate is determined by the formula:
r = i + m, where:
r - the coupon payment rate;
i - inflation rate, calculated as the augmentation/fall of consumer prices
index (the value of consumer prices index in percentage minus 100%),
published by Agency of Republic of Kazakhstan for regulation and
supervision of the financial market and financial organizations and Statistics
agency, for the last 12 months, preceding two months until the date of the
next coupon payment;
m - the fixed merge in the size of 0.5%, set for the whole term of circulation.
Inflation rate for the first coupon payment rate was determined as of
December 1, 2005.
Full paying-off ahead of time was not provided within issue terms. The issuer
has the right to pay off the bonds partially before the time starting from the
sixth year of circulation.
More detailed information about the issuer and securities was published at
http://www.kase.kz/emitters/bttr.asp
[2006-10-19]