/IRBIS, Vitaliy Tomskiy, September 8, 08/ - Below is the characteristic of
KZP03Y05D010 bonds of Astana-finance JSC (Astana) in the due to their
inclusion into Kazakhstan Stock Exchange (KASE) official list by first
subcategory of category "Unrated Debt Securities".
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: 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 3
Issue number in state register D01-3
Date of issue registration June 25, 08
National identification number KZP03Y05D010
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: August 29, 08
Circulation term 5 years
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Floatation term: within the whole circulation term
Register fixation date August 28, 13
at maturity
Maturity start date August 29, 13
Maturity term within 10 working days since the date
followed the register fixation date or
since the date of prescheduled maturity
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Coupon rate 12.00% APR from the face value of the bonds
within the first two years of circulation;
on the third - floating, depending on
inflation rate in Kazakhstan
Register fixation dates for coupons As of beginning of February 28 and August
payment 28, annually
Coupons payment start dates: As of March 1 and August 29, 2009-2011,
2013, February 29 and August 29, 2012
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 August 29, 08
lists of KASE
KASE trade code ASFIb24
Date of first trades Will be determined later
Quoting system on KASE: in net prices, % from the indexed value
Accuracy of price changing in up to 4 decimal figures
quoting:
Market-maker on KASE: Astana-finance
JSC (Alamty)
Minimal volume of compulsory 23,400 bonds
quotation
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Credit ratings of the issue: none as of September 8, 08
Credit ratings of the issuer: none as of September 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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Beginning from the third year of circulation, the interest rate is determined by
the formula:
r = i + m, where
r - coupon rate;
i - inflation calculated as growth/falling of consumer price index (in
percentage expression minus 100%), which is published by Kazakhstan
statistics agency for the last twelve months preceding to two months before
the date of the next interest payment;
m - fixed margin at the rate of 2.0% APR.
The upper limit of the rate is 16 %APR, lower - 2 %APR.
Publishing of new interest rate is happened before 3 working days to new
coupon period. The issuer brought this information to bondholders in Kazakh
and Russian by means of mass media and official letter to 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 before the second
year of circulation at total or partially face value. 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 or trades organizer's website. 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
[2008-09-08]