/IRBIS, Sergey Yakovlev, February 21, 07/ - Following is the characteristics
of KZPC4Y10B547 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.
Data are shown in accordance with conclusion of KASE's Listing commission
and Specification of bonds issue.
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Type of securities: mortgage bonds with floating
coupon rate
Debt type: secured
Currency of the issue and servicing Kazakhstan tenge (KZT)
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Bond program number in state register: B54
Bond program registration date: March 30, 05
The sum of bond program: KZT20.0 bn.
The number of issue in bond program: 4
Issue number in state register B54-4
National identification number: KZPC4Y10B547
Bondholders register maintenance: Central depositary
of securities JSC (Almaty)
Representative of bondholders Bank CenterCredit JSC (Almaty)
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Date of issue's registration: January 5, 07
Face value of bond: KZT1
Issue volume in issue currency: 5,000,000,000
Issue volume in securities: 5,000,000,000
Circulation start date (issue date): January 15, 07
Circulation term: 10 years since starting
of circulation
Offer term: during the whole circulation period
Register fixation date at maturity: by beginning of January 14, 08
Maturity starting date: January 15, 08
Maturity term: 5 working days after day following
after register fixation day
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Coupon rate: floating, depending on inflation
rate in Kazakhstan
Date of register fixation as of beginning of July 14
for coupon payment: and January 14 of every year
of bonds' circulation
Date of coupon payment starting: July 15 and January 15
of every year of bonds'
circulation
Term of coupon payment 5 working days after day
following the day of register
fixation
Time basis for all settlements: 30/360, European method
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Date of inclusion in KASE trade lists: February 20, 07
Trade code of KASE: KZIKb16
Date of first trades on secondary market:: will be determined later
Quoting system on KASE in net prices, % from face value
Accuracy of price changing at quoting: up to 4 decimal figures
Market-maker on KASE and underwriter: Alliance Bank JSC (Almaty)
Minimum volume of
obligatory quotation: 2,200,000 bonds
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Credit ratings of the issue: absent as of February 21, 07
Credit ratings of the issuer: Moody's: Baa1/stable
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Coupon payment rate - is floating, calculated by formula
Y = I -100 + M, where
Y - interest rate;
I - inflation arte in annual expression for month, previous the month in which
rate is set or the revision is making;
M - fixed margin.
Is set the upper limit of interest rate on bonds: 7.5% APR. Interest rate
cannot be upper than this value. In case if value [inflation arte minus 100]
will become negative, that is the deflation will have the place, for
estimation of interest rate is taking into consideration the value of inflation
rate equal to 0 (zero).
Bonds are secured by pledge of the movables belonging to the issuer -
rights of requirement on mortgage loans, purchased form banks-partners by
buying of mortgage certificate on loan or singing of contract of assignment
on contracts of banking loan and mortgage contracts, and also in other high-
liquid assets, list of which is set by normative legal act of the authorized
body.
By terms of issue is not foreseen the prescheduled redeeming or maturity of
bonds.
Detailed information about the issuer and securities is published on KASE's
web site at
http://www.kase.kz/emitters/kzik.asp
[2007-02-21]