Since November 20 at KASE trades on bonds of Kazakhstan Mortgage Company CJSC of the first issue are opened

/KASE, November 19, 02/ - By the decision of Kazakhstan stock exchange's (KASE) Governing body since November 20 of 2002 at KASE trades on inscribed coupon secured bonds of Kazakhstan Mortgage Company CJSC (Almaty) of the first issue (KZ2CKY03A676; KZT1,500.0 m; KZT10,000; November 10, 02 - November 10, 05; semi-annual coupon with floating rate, which is tied to inflation, till May 10, 03 - 10.75% APR). The bonds have been included into KASE's official "А" listing category since November 18 of 2002. Trade code is KZIKb1. Quotation accuracy in the stock exchange's trade system is four decimal figures of bond's clean price (excluding accumulated interest), which is expressed as percentage of the face value. Status of the market-maker of KZIKb1 at KASE has been assigned on the basis of submitted application to KIB ASSET MANAGEMENT Ltd LLP (Almaty). Minimal volume of compulsory quotation for the market-maker is 160 bonds. Taking into account the fact that coupon interest rate of KZIKb1 is floating and changes depending on the current inflation level two times a year, the stock exchange at present intends to calculate the so called forecasted yield of these bonds to maturity for a purchaser at secondary market, using the last coupon rate as relevant for the whole remaining period of bonds circulation while calculating it. The stock exchange pays attention of all interested persons on the fact that yield of KZIKb1 to maturity, which is published by KASE or IRBIS, which was calculated on stock exchange's deals, is not truth but forecasted one, which takes into account inflation level in Kazakhstan in annual expression, which was achieved at the beginning of the current coupon period. [2002-11-19]