Issue, circulation and maturity terms of bonds KZPC7Y10B656 (CCBNb14) of Bank CenterCredit JSC (Kazakhstan)
/IRBIS, Sergey Yakovlev, October 26, 06/ - Following is the characteristics of bonds KZPC7Y10B656 of Bank CenterCredit 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: bonds with floating coupon rate
Debt type: unsecured, subordinated
Issue and servicing currency: Kazakhstan tenge (KZT)
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Issue number in state register: B65
Date of registration of the issue July 6, 05
Sum of bonds' program KZT50.0 bn.
Number of issue in bonds' program 7
Number of issue in state register B65-7
Date of issue registration October 9, 06
National identification number KZPC7Y10B656
Register maintenace Tsentr DAR JSC (Almaty)
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Bond's face value: KZT100
Issue volume in issue currency: 5,000,000,000
Issue volume in securities: 50,000,000
Circulation start date (issue date): October 10, 06
Circulation term: 10 years
Offering term: during the whole circulation period
Register fixation date at maturity: the beginning of October 9, 16
Maturity date: October 10, 16
Maturity term: 20 calendar days since the date of
bonds circulation period expiration
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Coupon: for the first circulation year
9.0% APR, afterwards - floating,
depending on inflation rate
in Kazakhstan
Register fixation dates for coupons the beginning of April 9
payment: and October 9 annually
Coupons payment start dates: April 10 and October 10 annually
Term of coupon payments: 20 calendar days since the last
day of the period, for which
the payment is made
Times basis at all settlements: 30/360, European method
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Date of inclusion in KASE's trade lists October 26, 06
Symbol on KASE: CCBNb14
Date of first trades: to be determined later
Quoting system on KASE: in net prices, % from the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE BCC Invest JSC - daughter
organization of
Bank CenterCredit JSC (Almaty)
Minimal volume of obligatory quotation 20,600 bonds
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Credit ratings of the issue: absent as of October 26, 06
Issuer's credit ratings:
Moody's D-/Ba1/stable/NP
Fitch BB-/stable/B/3, individual D
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The coupon payment on bonds is - 9.0% APR for the first year of circulation, since second year - floating, depending on inflation rate and 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 1.0%.
The value of the upper limit is fixed at the level 10% APR, lower - 3% APR.
By decision of Board of directors the issuer have a right to redeem the bonds before time on the organized and non-organized markets with the objective of further selling to other investors. The terms of before time redeeming and price of deal are determined based on the best market conditions, formed to the moment of deal.
More detailed information about the issuer and securities was published at see more
[2006-10-26]