/IRBIS, Sergey Yakovlev, June 5, 07/ - Following is the characteristics of
KZPC6M12C119 bonds of Daughter mortge organization of the joint stock
company Bank TuranAlem BTA Ipoteka JSC (Almaty, in the title - BTA
Ipoteka), 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: Mortgage bonds with fixed
coupon rate
Debt type: Secured
Issue and servicing currency: Kazakhstan tenge (KZT)
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Bond program number
in the state register: C11
Issue registration date: July 2, 06
Sum of bonds' program KZT50.0 bn
Number of issue on bonds' program 6
Number of issue in state register C11-6
Date of issue registration March 28, 07
National identification number KZPC6M12C119
Bondholders register maintenance Register-Center JSC (Almaty)
Representative of bondholders Bank CenterCredit 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: June 4, 07
Circulation term: 1 years
Floatation term: within the whole circulation term
Register fixation date As of beginning of June 3, 08
at maturity:
Maturity start date: June 4, 08
Maturity term: within 5 working days since date of maturity of bonds beginning
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Coupon rate: 8.0% APR
Register fixation dates for coupons As of beginning of December 3 and June 3 annually
payment:
Coupons payment start dates: December 4 and June 4 annually
Term of coupon payments: within 5 working days, after
day following the day of register fixation
Time basis at all settlements: 30/360, European method
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Date of admittance in trade June 4, 07
lists of KASE:
Trade code of KASE: BTAIb15
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 5, 07
Credit ratings of the issuer: S&P: BB-/stable/B,
kzBBB+
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Bonds are secured with pledge of rights of requirements on contracts of
mortgage loan (including pledge of mortgage certificates), which can be
accepted as security on credits in accordance with requirements of National
Bank of Republic of Kazakhstan JSC, and also money of the Issuer (further
- Pledge property).
The list of pledge property, included into contention of pledge, is given in
Register of pledge, maintaining by the Issuer.
The issuer undertakes to support the cost of pledge property during whole
term of bonds; circulation on the level not less than 100% from total face
value of bonds, being in circulation.
During estimation of cost of pledge property will be consider the main debt
on contracts of mortgage loan.
The issuer in order to organize the control over state of pledge property,
servicing as security of bonds, sings the contract with audit organization NAC
Centeraudit-Kazakhstan JSC, foreseen the order of conduction of control by
auditor over the state of pledge property by selective check-up of contention
of pledge.
The pledge property is not insurant, however while signing the contracts of
mortgage loans, it is foreseen the procedure o life insurance of the borrower
and insurance of immovable, being security according to such contract, form
cases causing the damage or loss of this immovable, for the whole term of
action of such contract in insurance company.
The prescheduled redeeming of bonds is not foreseen by the prospect.
Detailed information about the issuer and the securities is available on
KASE's web-site at
http://www.kase.kz/emitters/btai.asp
[2007-06-05]