/IRBIS, Vitaliy Tomskiy, December 21, 07/ - Following is the characteristics of KZP11Y15B651 bonds of Bank CenterCrdit 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:                         Coupon bonds with float coupon rate
Debt type:                                  unsecured
Currency of the issue                       Kazakhstan tenge (KZT)
and servicing
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Number of bonds' program in state register: В65
Date of bonds' program registration:        July 6, 05
Sum of bonds' program:                      KZT50 bn.
Issue number in the bonds' program:         11
Issue number in the state register:         В65-11
Date of the issue's registration            December 4, 07
National identification number:             KZP11Y15B651
Bondholders' register maintenance           Center DAR JSC (Almaty)
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Face value of bond:                         KZT100
Issue volume in issue currency:             5,000,000,000
Issue volume in securities:                 50,000,000
Circulation start date:                     December 5, 07
Circulation term:                           15 years
Offering term:                              during the whole circulation term
Register fixation date at maturity:         December 4, 22
Maturity start date:                        December 5, 22
Maturity term:                              during 20 calendar days, after
                                            finishing of circulation term
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Coupon interest rate:                       13.0% APR of face value for the first two circulation years;
                                            starting from the third year - float rate, depending on inflation rate in Kazakhstan
Date of start coupon payment:               June 5 and December 5 annually
Coupon payments term                        within 20 calendar days, since the last day of period, for which the payment is made
Time base for all settlements:              30/360, European method
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Date of inclusion in KASE trade lists:      December 21, 07
Trade code of KASE:                         CCBNb18
Date of first trades:                       December 21, 07
Quoting system on KASE:                     in net prices, % from the face value
Accuracy of price                           up to 4 decimal figures
changing at quoting:
Market-maker on KASE:                       BCC Invest JSC - daughter organization of Bank CenterCredit JSC (Almaty)
Minimal volume of mandatory quotation:      22,000 bonds
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Credit ratings of the issue:                absent as of December 21 of 2007
Credit ratings of the issuer:
Fitch                                       BB-/stable/В, individual D,
                                            of support 3
Moody's                                     D-/Bа1/negative/NP
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Since the third circulation year the coupon rate is determined according to the next formula:

r = i + m, where

r - coupon rate,

i - inflation, calculated as growth/reduction of consumer price index (value of index in percents minus 100%, published by Statistics Agency of Republic of Kazakhstan for the last 12 months, pervious to two months before date of corresponding coupon period start);

m - fixed margin in size of 1.0% APR.

Size of interest rate will be announced by publishing of it through KASE, not later than 2 working days before start of a new coupon period. Charging of the coupon payments is made since the 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 aim of a further realization to other investors. The terms of prescheduled redeeming and prices of a deal are determined based on the best market conditions, formed at the moment of deal's conduction.

Underwriting of options is not foreseen on these securities.

Bonds are offered during the entire term of circulation through subscription, conduction of specialized trades on KASE and/or special trading floor RFCA in accordance with the current legislation. The issuer publishes a message about bonds' offering within ten calendar days after taking the decision of floatation of bonds among unlimited range of investors in the next newspapers: Kazakhstanskaya Pravda and/or Egemen Kazakhstan (in state and Russian languages).

More detailed information about the securities and the issuer is published at see more

[2007-12-21]