/IRBIS, Vitaliy Tomskiy, July 8, 08/ - Below is the characteristic of
KZP03M42C539 bonds of Astana-finance JSC (Almaty) in the due to their
inclusion into STF RFCA official list by first subcategory of category "Unrated
Debt Securities".
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: Indexed bonds with fixed coupon rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: of face value on changing of KZT/USD
exchange rate
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Bonds' program number
in the state register: C53
Bonds' program registration date: May 29, 07
Sum of bonds' program KZT100.0 bn.
Issue number in bond program 3
Issue number in state register C53-3
Date of issue registration April 23, 08
National identification number KZP03M42C539
Bondholders register maintenance Fund Centre JSC (Almaty)
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Face value KZT100
Issue volume in issue currency 21,875,000,000
Issue volume in securities: 218,750,000
Date of circulation start: May 14, 08
Circulation term 3.5 years
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Floatation term: within the whole circulation term
Register fixation date November 13, 11
at maturity
Maturity start date November 14,11
Maturity term within 10 working days after
circulation period ending
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Coupon rate 9.0956% APR from the indexed face value of
the bonds
Register fixation dates for coupons As of beginning of November 13 and May 13
payment annually
Coupons payment start dates: As of November 14 and May 14 annually
Term of coupon payments within 10 working days, since the
date following the day of register fixation
Time basis at all settlements 30/360, European method
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Date of admittance in trade July 2, 08
lists of STF RFCA
STF RFCA trade code ASFIb17
Date of first trades July 3, 08
Quoting system on STF RFCA: in net prices, % from the indexed value
Accuracy of price changing in up to 4 decimal figures
quoting:
Market-maker on STF RFCA: Brokerage company Astana-finance JSC
(Alamty)
Minimal volume of compulsory 23,400 bonds
quotation
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Credit ratings of the issue: none as of July 8, 08
Credit ratings of the issuer: none as of July 8, 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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Indexed value of one bond - is product of face value on KZT
devaluation/revaluation rate USD ratio (Kd). Devaluation/revaluation rate
ratio is calculated as KZT/USD rate (Xt), set on the morning (main) KASE
trades as of date of actual payment, to corresponding rate (Xo) as of start
date of bonds circulation (Kd=Xt/Xo)
Subject to the decision of the Board of directors, the issuer may repurchase
bonds with objective of prescheduled maturity. At that, 20 calendar days,
before the date of repurchase, the issuer informs bondholders on bonds
repurchase with the aim of prescheduled maturity releasing information in
corporate site or in trades organizers` site. Redemption of bonds with the
aim of prescheduled maturity is made by indexed 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
[2008-07-08]