/IRBIS, Sergey Yakovlev, September 7, 07/ - Following is the characteristics
of KZP02Y09C495 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 Prospect of second issue of bonds of Kazakhstan Mortgage Company JSC,
issued in the limits of third bonds program.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured
Currency of the issue and servicing Kazakhstan tenge (KZT)
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Bond program number
in state register: C49
Bond program registration date: March 11, 07
The sum of bond program: KZT50.0 bn.
The number of issue
in bond program: 2
Issue number in state register C49-2
National identification number: KZP02Y09C495
Bondholders register maintenance: Central securities depository JSC (Almaty)
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Date of issue's registration: June 14, 07
Face value of bond: KZT1
Issue volume in issue currency: 10,000,000,000
Issue volume in securities: 10,000,000,000
Circulation start date (issue date): June 10, 07
Circulation term: 9 years since starting of circulation
Offer term: during the whole circulation period
Register fixation date at maturity: by beginning of June 9, 08
Maturity starting date: June 10, 16
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 December 9 and June 9
for coupon payment: of every year of bonds' circulation
Date of coupon payment starting: December 10 and June 10 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: September 6, 07
Trade code of KASE: KZIKb17
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: Astana-Finance JSC (Astana)
Minimum volume of 2,200,000 bonds
obligatory quotation:
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Credit ratings of the issue: absent as of September 6, 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.
In case if value of (I - 100) will become negative, that is the deflation will
take place, for calculating the interest rate is applying the value of (I - 100)
equal to 0.
Fixed margin is determined by results of first deal on primary offering of
bonds. In case of making the first deal of primary offering of bonds on the
specialized trades of KASE, providing the satisfaction of bids on purchasing
of bonds at stated margin as fixed margin is accepted the less rate, formed
by results of specialized trades.
Interest rate is reconsidered on June 10 and December 10 of each calendar
year during whole circulation period in accordance with change of inflation
rate by data of Statistics agency of Republic of Kazakhstan.
At that is case of change of interest rate, the charging and actual payment of
remuneration on bonds by the issuer since the moment of last
reconsideration of rate till new term of reconsideration is making based upon
interest rate of last reconsideration.
Date since charging of remuneration starts is date of bonds' circulation start
- June 10, 2007.
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
[2007-09-07]