Issue, maturity and repayment terms of KZ2C0Y03C411 (ASELb1) bonds of Asia-Elektrik JSC (Kazakhstan)
/IRBIS, Sergey Yakovlev, April 3, 07/ - Following is the characteristics of KZ2C0Y03C411 bonds of Asia-Elektrik JSC (Taldykorgan), which is given in accordance with their inclusion in Kazakhstan stock exchange's (KASE) official "B" 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
Issue and servicing currency: Kazakhstan tenge (KZT)
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Issue registration date: December 28, 06
National identification number: KZ2C0Y03C411
Issue number in state register C41
Register maintenance: Securities register system JSC (Almaty)
Financial consultant BCC Invest JSC - the daughter
organization of
Bank CenterCredit JSC (Almaty)
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Bond's face value: KZT1,000
Issue volume in issue currency: 1,000,000,000
Issue volume in securities: 1,000,000
Circulation start date: April 3, 07
Circulation term: 3 years
Offering term: during the whole circulation period
Register fixation date at maturity: by the beginning of April 2, 10
Maturity start date: April 3, 10
Maturity term: 10 calendar days following after
register fixation day
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Coupon rate: 13% APR for the first circulation
year, later -floating, depends
on the inflation rate in
Kazakhstan
Register fixation dates for coupons by the beginning of October 2
payment: and April 2 annually
Coupons payment start dates: October 3 and April 3 annually
Term of coupon payments: 10 calendar days following after
register fixation day
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Times basis at all settlements: 30/360, European method
Date of admittance in trade lists of KASE: April 3, 07
Symbol on KASE: ASELb1
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 places
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Credit ratings of the issue: absent as of April 3, 07
Issuer's credit ratings: absent as of April 3, 07
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Starting from second year of circulation the interest rate on bonds is floating and depends on inflation rate, and is determined every 6 months by the formula:
r = i + m, where
r - coupon payment rate;
i - inflation rate, calculated as increase/decrease of consumer price index in annual expression (value of index in percents minus 100%), published by Statistics agency of Kazakhstan for last 12 months, preceding two months until the date of the next coupon payment beginning;
m - the fixed margin, which makes 4% APR.
The value of the rate's upper level is set at the level of 14%, and lower is 7%.
Publication of the new interest rate is performed not later than 3 working days before beginning of the new coupon period. The company informed Bondholders by means of placing an information on the website of Kazakhstan stock exchange JSC.
Partial and full prescheduled repayment is not provided for bonds of this particular issue.
Detailed information about the securities and their issuer will be published on KASE's web-site at see more soon.
[2007-04-03]