Bank CenterCredit discloses results of checking collateral on mortgage bonds of BTA Ipoteka (Kazakhstan)
13.08.12 14:53
/KASE, August 13, 12/ - JSC "Bank CenterCredit" (Almaty), representing
holders of the following mortgage bonds of JSC "Subsidiary organization of
joint-stock company "BTA Bank" "BTA Ipoteka" (Almaty):
- KZ2C0Y10B251 (KZ2C00000842, BTAIb2; KZT1; KZT1.5 bn; October 21,
2004 - October 21, 2014, semi-annual coupon indexed at inflation rate,
5.90 % APR in the current coupon period; 30/360);
- KZPC3Y10B333 (KZ2C00000909, BTAIb5; KZT100; KZT4.0 bn; May 11,
2005 - May 11, 2015, semi-annual coupon indexed at inflation rate, 5.80 %
APR in the current coupon period; 30/360);
- KZP02Y08B648 (KZ2C00000883, BTAIb8, KZT100, KZT7.0 bn; August 22,
2005 - August 22, 2013; semi-annual coupon indexed at inflation rate, 6.40 %
APR in the current coupon period; 30/360);
- KZP03Y10B642 (KZ2C00000867, BTAIb9; KZT100, KZT4.0 bn; February 21,
2006 - February 21, 2016, semi-annual coupon indexed at inflation rate,
6.00 % APR in the current coupon period; 30/360);
- KZP05Y07C112 (KZ2C00000859, BTAIb14; KZT100, KZT10.0 bn; April 3,
2007 - April 3, 2014, semi-annual coupon indexed at inflation rate, 4.70 %
APR in the current coupon period; 30/360);
listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed
KASE of a random inspection of the collateral as for compliance with obligations
of JSC "Subsidiary organization of joint-stock company "BTA Bank" "BTA
Ipotekaâ•— towards its bondholders according to collateral registers as of July 1,
2012.
On the basis of the inspection JSC "Bank CenterCredit" has informed of the
following:
quote
The collateral and collateral ratio of the mortgage bonds comply with requirements
of the bond prospectuses and collateral agreements. Coupons are paid timely and
in full.
According to the random inspection, the Representative has recommended to the
Issuer to enforce further control over data entry into the loan registering
system, monitoring collateral and inform of relevant measures taken.
Responsibility for the accuracy of the provided information required for analysis
of state of the collateralized property rests with the management of JSC
"Subsidiary organization of joint-stock company "BTA Bank" "BTA Ipoteka".
In addition, we inform you of an early repayment of bonds JSC "Subsidiary
organization of joint-stock company "BTA Bank" "BTA Ipoteka" on the following
issues: NIN KZP07Y10C112, NIN KZP01Y10C115 and complete fulfillment by
the Issuer of liabilities towards bondholders on July 25, 2012.
unquote
[2012-08-13]