/IRBIS, Vitaliy Tomskiy, June 6, 08/ - Below is the characteristics of
KZР03Y10В469 bonds of BANK CASPIAN JSC (Almaty) in the due to their
inclusion in Kazakhstan Stock Exchange (KASE), category "A" official list.
Information below is shown on the conclusion of KASE Listing Commission
and the prospectus of bonds' issue.
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Type of securities: coupon bonds with floating rate
Debt type: Subordinated, unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
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Bonds' program number
in the state register: B46
Date of bond program registration: December 23, 04
Sum of bond program: KZT30.0 bn.
Issue number in bond program: 3
Issue number in state register: B46-3
Date of issue registration March 11, 08
National identification number KZР03Y10В469
Bondholders register maintenance Fund Centre JSC (Almaty)
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Face value KZT100
Issue volume in issue currency 5,000,000,000
Issue volume in securities: 50,000,000
Date of circulation start: June 6, 08
Circulation term 10 years
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Floatation term: within the whole circulation term
Register fixation date June 5, 18
at maturity
Maturity start date June 6, 18
Maturity term within 5 working days since
the date following register fixation
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Coupon rate 12.00 % APR from the face value of the
first circulation year, beginning from the
second year - floating, depending on
inflation rate in Kazakhstan
Register fixation dates for coupons As of beginning of December 5 and June
payment 5 annually
Coupons payment start dates: As of November 19 and May 19 annually
Term of coupon payments within 5 working days, since the date
Time basis at all settlements 30/360, European method follows after
register fixation
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Date of admittance in trade June 5, 08
lists of KASE
KASE trade code CSBNb7
Date of first trades Will be announced 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: IFH RESMI JSC (Alamty)
Minimal volume of compulsory 23,400 bonds
quotation
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Credit ratings of the issue: none as of June 6, 08
Credit ratings of the issuer: none as of June 6, 08
Fitch B+/stable/B,
individual D;
support 5;
Moody's D-/Bа3/stable/NP
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Beginning from the second 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 expression, (index value in % minus 100 %) published by
Statistics Agency of Republic of Kazakhstan for the last 12 months, which
proceed 2 calendar months, before the date of next coupon period.
m - fixed margin in 2.5% APR
The value of the upper limit of rate is set on 15 % level; the value of low limit
is on 2 % level.
If floating rate of coupon interest, as a result of its calculation, exceeds the
upper limit on the rate of coupon interest, announced and actual payment of
coupon interest on bonds from the moment of last rate change before new
exchange term is realized on the basis of the upper limit on coupon interest
rate. Accordingly, if coupon interest rate will be reduced lower than the
lowest limit, announced and actual payment of coupon interest on bonds
from the moment of last rate change before new exchange term is realized
on the basis of low limit on coupon interest rate.
The issuer publishes rates for every further coupon period by means of
Kazakhstan Stock Exchange not late than 10:00 a.m. of the date of coupon
interest payment for the current period.
Subject to the decision of the Board of directors, the issuer may repurchase
bonds with objective of prescheduled maturity, but not earlier the fifth year of
circulation on face value, in full or partially. At that, 3 months before the date
of repurchase, the issuer informs bondholders on bonds repurchase with the
aim of prescheduled maturity by means of publishing information in
Kazakhstanskaya Pravda and Egemen newspapers and also by means of
publishing information on KASE website. Redemption of bonds with the aim
of prescheduled maturity is made by face value simultaneously with
corresponding interest payment on bonds.
The issuer has the right for repurchase bonds on organized and non
organized markets with the aim of further realization by other investors. The
price of deal is determined on the basis of best market conditions at deal
making moment.
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/csbn.asp
[2008-06-06]