/IRBIS, Sergey Yakovlev, April 3, 07/ - Following is the characteristics of
KZ2C0Y03C411 bonds of Temirleasing JSC (Almaty), 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 number in state register C46
Issue registration date: February 21, 07
National identification number: KZ2C0Y05C465
Register maintenance: Registr-Center JSC (Almaty)
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Bond's face value: KZT1,000
Issue volume in issue currency: 500,000,000
Issue volume in securities: 500,000
Circulation start date: April 3, 07
Circulation term: 5 years
Offering term: during the whole circulation period
Register fixation date at maturity: April 2, 12
Maturity start date: April 3, 12
Maturity term: 10 working days following after
the last day of bond maturity
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Coupon rate: 11.0% APR for the first three
years, 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 working days following after
the last day of period,
for which the payment
is made
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: April 2, 07
Symbol on KASE: TMLZb1
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
Issuer's financial consultant Perviy Brokerskiy Dom JSC (Almaty)
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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 fourth year of circulation the interest rate on bonds is floating is
calculated 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 one months
until the date of the next coupon payment beginning;
m - the fixed margin, which makes 2% APR.
The value of the rate's upper level is set at the level of 11%, and lower is 9%.
In case of change of the name of the consumer price index, its computation
algorithm and etc, equivalent indicator, set by the Statistics agency of the
Republic of Kazakhstan, will be applied while estimation of the coupon
interest payment.
Publication of the new interest rate is performed not later than 1 working day,
preceding the starting date of a new coupon period on KASE's website.
Bondholders have a right to claim prescheduled repayment of bonds in case
of events, which can cause default on the issuer's bonds.
Options are not stipulated on these bonds.
Funds, obtained from the issue of bonds, will be spent on issuer's activity
start. Changes in the planned distribution of obtained funds are not
stipulated.
Detailed information about the securities and their issuer is available at
http://www.kase.kz/emitters/tmlz.asp.
[2007-04-03]