Kazakhstan Mortgage Company CJSC (Kazakhstan) informed about the 1st coupon payment on its bonds of the 1st issue

/KASE, May 13, 03/ - Kazakhstan Mortgage Company CJSC (Almaty) has informed Kazakhstan stock exchange(KASE) with the official letter about the fact that on May 12 мая 2003, in accordance with issue terms, the company paid the first coupon interest to holders of indexed on inflation bonds of the first issue (KZ2CKY03A676; KASE's official "А" listing category, KZIKb1; KZT10,000, KZT1,500.0 m; November 10, 02 - November 10, 05, floating semi-annual coupon), which had been secured by mortgage pool. According to the issuer's information, charging of coupon interest was made on the basis of coupon rate 10.75% APR in the amount of KZT26,875,000.00. Total payments excluding tax at the source of the payment were equal to KZT26,788,250.00. Judging on the sum of coupon payment, by the moment of register fixation (April 10, 03) 33.3% of the registered issue volume had been floated for the coupon payment. The issuer informed that owners of 83.6% of the floated securities volume were second tier banks; 14.0% - accumulative pension funds; 2.4% - other juridical entities. Yesterday Kazakhstan Mortgage Company CJSC informed that interest rate on bonds for the next coupon period had been determined as 11.75% APR. [2003-05-13]