/IRBIS, Vitaliy Tomskiy, May 30, 08/ - Below is the characteristic of
KZ2C0Y05C747 bonds of financial company REAL-INVEST.kz JSC (Almaty)
in the due to their inclusion into STF RFCA, category "C" 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: C74
Date of issue registration February 27, 08
National identification number KZ2C0Y05C747
Bondholders register maintenance REGISTER JSC (Almaty)
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Face value KZT1
Issue volume in issue currency 5,000,000,000
Issue volume in securities: 5,000,000,000
Date of circulation start: May 30, 08
Circulation term 5 years
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Floatation term: within the whole circulation term
Register fixation date May 29, 13
at maturity
Maturity start date May 30, 23
Maturity term within 10 working days since
finishing day of circulation term
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Coupon rate 12.00% APR from the face value of the first
circulation year, beginning from the second
- floating, depending on inflation rate in
Kazakhstan
Register fixation dates for coupons As of beginning of November 29 and May
payment 29 annually
Coupons payment start dates: As of November 30 and May 30 annually
Term of coupon payments within 10 working days, since the last
day of period for which payment is made
Time basis at all settlements 30/360, European method
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Date of admittance in trade May 30, 08
lists of STF RFCA
STF RFCA trade code aREALb1
Date of first trades May 30, 08
Quoting system on STF RFCA: in net prices, % from the face value
Accuracy of price changing in up to 4 decimal figures
quoting:
Market-maker on STF RFCA: Financial company
REAL-INVEST.kz JSC (Alamty)
Minimal volume of compulsory 2,340,000 bonds
quotation
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Credit ratings of the issue: none as of May 30, 08
Credit ratings of the issuer: none as of May 30, 08
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Beginning from the second circulation year the interest rate on bonds is
calculated by the formula:
r = (I - 100) + m,
where: r - coupon rate
i - inflation index, calculated as increasing/decreasing of consumer price
index, published by Statistics Agency of Republic of Kazakhstan or other
official body of Kazakhstan republic, authorized to calculate and announce
official index of consumer prices. Interest rate is calculated base on level of
consumer prices and inflation, which proceed 2 calendar months, before the
date of next coupon period.
m - fixed margin in 3.0% APR
The value of the upper limit of rate is set on 18 % level; the value of low
limit is on 10 % level.
The issuer, 30 calendar days before ending of every coupon period,
publishes in mass media in Russian and state languages information about
changing the coupon interest rate on bonds with indicating new rate on next
coupon period 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 by means of publishing
information in mass media of Kazakhstan republic.
Redemption of bonds with the aim of prescheduled maturity is made by face
value simultaneously with corresponding interest payment on bonds. If the
issuer repurchases only part of bonds with the aim of partially prescheduled
maturity, then repurchase is organized proportionally, i.e. to every
bondholder, depending on the amount of his personal bonds.
Option's conclusion on these securities wasn't provided.
Detailed information on securities and their issuer is available at the KASE
website at
http://www.kase.kz/emitters/real.asp
[2008-05-30]