Development Bank of Kazakhstan CJSC informed about the second coupon payment on its bonds of the first issue
18.02.03 00:00
/KASE, February 18, 03/ - Today Development Bank of Kazakhstan CJSC
(Astana) informed Kazakhstan stock exchange (KASE) with the official letter
that on February 17 of this year the bank had made the second coupon payment on
its inscribed indexed on tenge devaluation bonds of the first issue
(KZ2CKY05A473; KASE's official "А" listing category, BRKZb1; KZT1,000,
KZT4,500 m; February 15, 02 - February 15, 07; semi-annual coupon 8.5%
APR).
As was informed by the issuer, sum of the actually paid interest rate was
KZT193,427,299.95.
According to bonds issue terms sum of coupon interest is calculated from
securities' indexed face value, which is determined on the planned payment date
- February 15 - at stock exchange's rate of tenge relative to US dollar which
is in effect on this date (KZT153.69 for dollar, rate dated February 14). At
the same time, on the reason the settlement date was day off, actual money
transfer was made on the first working day, which followed the day off -
February 17.
The issuer also informed that by January 15 of 2003 - date of register fixation
for coupon payment - bondholders were private pension funds (63% of total
volume of issued bonds) and commercial banks (37%).
[2003-02-18]