/IRBIS, Dinara Mukasheva, June 4, 07/ - Following is the characteristics of
KZPC8Y10B654 bonds 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 shown in accordance with conclusion of KASE's Listing commission
and prospect of bonds' issue.
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Type of securities: bonds with floating
coupon rate
Debt type: subordinated
Issue and servicing currency: Kazakhstan tenge (KZT)
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Bond program number
in the state register: B65
Issue registration date: July 6, 05
Sum of bonds' program KZT50.0 bn
Number of issue on bonds' program 8
Number of issue in state register B65-8
Date of issue registration April 25, 07
National identification number KZPC8Y10B654
Bondholders register maintenance Tsentr DAR JSC (Almaty)
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Face value: KZT100
Issue volume in issue currency: 3,000,000,000
Issue volume in securities: 30,000,000
Date of circulation start: April 26, 07
Circulation term: 10 years
Floatation term: within the whole circulation term
Register fixation date April 25, 17
at maturity:
Maturity start date: April 26, 17
Maturity term: within 20 working days, after
circulation term expired
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Coupon rate: 9.0% APR for the first circulation year,
further - floating depending
on inflation rate in Kazakhstan
Register fixation dates for coupons As of beginning of October
payment: 25 and April 25 annually
Coupons payment start dates: October 26 and April 26 annually
Term of coupon payments: within 20 working days, after
date of last day of the period,
for which payment is made
Time basis at all settlements: 30/360, European method
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Date of admittance in trade June 1, 07
lists of KASE:
Trade code of KASE: CCBNb15
Date of first trades: Will be determined later
Quoting system on KASE: in net prices, % from the face value
Accuracy of price changing in up to 4 decimal figures
quoting:
Financial consultant of the BCC Invest JSC - daughter
issuer and market-maker organization of Bank
on KASE: CenterCredit JSC (Almaty)
Minimal volume of compulsory quotation 22,000 bonds
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Credit ratings of the issue: absent as on June 4, 07
Credit ratings of the issuer:
Moody's D-/Ba1/stable/NP
Fitch BB-/stable/B/3, individual D
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Since second circulation year the interest rate is determining by formula:
r = i + m,
where r - the coupon rate;
i - inflation, calculated as change of consumer price index (value of index in
percents minus 100%), published by Statistics Agency of Republic of
Kazakhstan for the last 12 months, previous to two months before payment
of the next coupon payment);
m - fixed margin in size of 1% APR.
Value of upper limit of rate is set at the level 10%, of lower - 3%.
Publishing of new interest rate is making not later than two working days
before new coupon period starting. Remuneration of interest is making since
date of circulation start.
By decision of Board of directors the issuer has the right to redeem bonds on
organized and non-organized markets with objective of further selling to
other investors. Price of deal is determining based upon best market
conditions, formed as of moment of deal-making.
Conclusion of options on the given securities is not foreseen.
Finds, received from issue o bonds will be directed on increasing of size of
shareholders equity, activization of Bank's activities and its subsidiaries in
the frames of middle-term and long-term crediting of investment projects of
real sector of countries' economy.
Detailed information about the issuer and the securities is available on
KASE's web-site at
http://www.kase.kz/emitters/ccbn.asp
[2007-06-04]