/IRBIS, Vitaliy Tomskiy, May 20, 08/ - Below is the characteristic of
KZP01Y15D013 bonds of Astana-finance JSC (Almaty) in the due to their
inclusion into STF RFCA, category "A" official list.
Information below is shown on the conclusion of STF RFCA Listing
Commission and the prospectus of bonds' issue.
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Type of securities: coupon bonds with floating rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
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Bonds' program number
in the state register: D01
Bonds' program registration date: April 11, 08
Sum of bonds' program KZT100.0 bn.
Issue number in bond program 1
Issue number in state register D01-1
Date of issue registration April 11, 08
National identification number KZP01Y15D013
Bondholders register maintenance Securities Centre JSC (Almaty)
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Face value KZT100
Issue volume in issue currency 30,000,000,000
Issue volume in securities: 300,000,000
Date of circulation start: May 19, 08
Circulation term 15 years
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Floatation term: within the whole circulation term
Register fixation date May 18, 23
at maturity
Maturity start date May 19,23
Maturity term within 10 working days after
day following the day of register fixation
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Coupon rate 12.00% APR from the face value of the first
two circulation years, beginning from the
third - floating, depending on inflation
rate in Kazakhstan
Register fixation dates for coupons As of beginning of November 18 and May 18
payment annually
Coupons payment start dates: As of November 19 and May 19 annually
Term of coupon payments within 10 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 May 19, 08
lists of KASE
KASE trade code ASFIb16
Date of first trades to 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:
Market-maker on KASE: Astana-finance JSC (Alamty)
Minimal volume of compulsory
quotation 23,400 bonds
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Credit ratings of the issue: none as of May 19, 08
Credit ratings of the issuer: none as of May 19, 08
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Fitch BB+/negative/B,
individual D/E;
support 3;
on national scale: A+(kaz)
Moody's Ba1/stable
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Begining from the third circulation year the interest rate on bonds is
calculated by the formula:
r = i + m,
where: r - coupon rate
i - inflation index, calculated as increasing/decreasing of consumer price
index in annual term (the index value in % is minus 100%), published by
Statistics Agency of Republic of Kazakhstan for last 12 months, which
precede 2 calendar months, before the date of next coupon period.
m - fixed margin in 2.0% APR
The value of the upper limit of rate is set on 16 % level; the value of low
limit is on 2 % level.
The issuer, 3 calendar days before ending of every half year, publishes in
mass media in Russian and state language information about changing the
rate of coupon interest on bonds and also informs by official letter
Kazakhstan Stock Exchange JSC.
Subject to the decision of the Board of directors, the issuer may repurchase
bonds with objective of prescheduled maturity, but not earlier the second
year of circulation on face value, in full or partially. At that, 30 calendar
days, before the date of repurchase, the issuer informs bondholders on bonds
repurchase with the aim of prescheduled maturity releasing information in
Kazakhstanskaya Pravda newspaper and at website of trade organizers.
Redemption of bonds with the aim of prescheduled maturity is made by face
value simultaneously with corresponding interest payment on bonds.
The issuer may, when on agreement, repurchase bonds on organized and
unorganized markets with the aim of further sales by other investors. The
price of the deal is determined on the basis of the best market conditions, as
at the moment of the deal conclusion.
Detailed information on securities and their issuer is available at the KASE
website at
http://www.kase.kz/emitters/asfi.asp
[2008-05-20]