/IRBIS, Vitaliy Tomskiy, September 4, 08/ - Following is the characteristics of
KZP02Y03C613 issue bonds of Eurasian bank JSC (Almaty), which is given
in accordance with their inclusion in Kazakhstan Stock Exchange's (KASE)
first subcategory of "Unrated debt securities" category official list.
Information published below is given in accordance with conclusion of
KASE's Listing commission and prospect of the bond issue.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
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Bond program's number C61
in state register:
Issue registration date: June 29, 07
Sum of the bond program: KZT30.0 bn.
Issue number in the bond program 2
Issue number in state register: C61 - 2
Issue registration date July 9, 08
National identification number KZP02Y03C613
Bondholders' register maintained by: Kompaniya Registrator JSC (Almaty)
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Bond's face value: KZT100
Issue volume in issue currency: 10,000,000,000
Issue volume in securities: 100,000,000
Circulation start date: August 29, 08
Circulation term: 3 years
Offering term: during the whole circulation period
Register fixation date at maturity: August 28, 11
Maturity date: August 29, 11
Maturity term: Within 10 calendar days from the next day
after the end of bond circulation term
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Coupon rate: 13.0% APR for the first year of
circulation, afterwards - floating,
depending on the inflation rate in
Kazakhstan
Register fixation dates at the beginning of February 28
for coupon payment: and August 28 annually
Coupons payment start dates: at the beginning of March 1
and August 29 annually
Term of coupon payments: Within 10 calendar days from the date
following the register fixation date
Times basis at all settlements: 30/360, European method
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Date of admittance in trade August 29, 08
lists of KASE:
Symbol on KASE: EUBNb5
Date of first trades: will be determined later
Quoting system on KASE: in net prices, % from the face value
Accuracy of price changing 4 decimal figures
in quoting:
Market-maker on KASE: Eurasia Capital JSC (daughter
company of Eurasian bank JSC) (Almaty)
Minimal volume of compulsory 23.400 bonds
quotation:
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Credit ratings of the issue: absent on September 4, 2008
Issuer's credit ratings:
S&P В/negative/В (in foreign currency)
B/negative /B (in national currency)
kzBB/-/-
Fitch В-/stable/В, individual D/E, 5 of support
Moody's E+/B1/stable/NP
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The interest rate is revised by the Bank Executive committee once a year
during the whole circulation period and is determined by the formula:
r = i + m, where
r - the coupon rate;
i - inflation rate, calculated as the average increase/decrease of consumer
prices index in annual expression for last 12 months, preceding two months
of circulation start date of the appropriate year (the index value as
percentage minus 100%), which is published by the Kazakhstan Statistics
Agency;
m - the margin fixed at the rate of 1.00% APR.
Maximum value of the coupon rate is 13.00% APR; minimal value is 1.00%
APR.
Each year, not later than ten calendar days ahead of the end of each bonds'
circulation year, the bank declares the coupon rate for the next circulation
year of its bonds through mass media.
Prescheduled maturity and options on mentioned bonds are not provided.
Detailed information about the securities and their issuers is available on
KASE's web-site at
http://www.kase.kz/emitters/eubn.asp
[2008-09-04]