Issue, circulation and repayment terms of bonds of Bank CenterCredit OJSC of the third issue
27.06.03 00:00
/IRBIS, June 27, 03/ - Below is characteristics of bonds of Bank CenterCredit
OJSC (Almaty) of the third issue in accordance with their including into
Kazakhstan stock exchange's (KASE) "A" listing category.
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Type of bonds: inscribed coupon indexed
Type of debt: senior unsecured subordinate
Issue currency: Kazakhstan tenge (KZT)
Servicing currency: Kazakhstan tenge (KZT)
National identification number: KZ2CRY07A750
Issue number in state register: А75
Register maintenance: Tsentr DAR LLP (Almaty)
Date of issue registration: May 27, 03
Bond's face value: KZT1.00
Issue volume in KZT: 2,000,000,000.00
Issue volume in securities: 2,000,000,000
Date of circulation start (issue date): June 7, 03
Circulation term: 7 years
Floatation term: 7 years since circulation start date
Maturity date: June 7, 10
Interest rate floating tied to inflation level
Dates of interest payment December 7 and June 07 of each year
Time basis at all settlements 30/360 european method
Register fixation term at coupon payment: 30 days before payment date
Register fixation dates for coupon payment: November 7 and May 7 of each year
Register fixation term at maturity: 30 days before maturity date
Register fixation date at maturity: May 7, 10
Date of admittance in trade lists of KASE: 27.06.03
Trade code of KASE: CCBNb3
Date of first trades: June 30, 03
Accuracy of price change: 4 decimal figures
Market-maker at KASE: KIB ASSET MANAGEMENT Ltd LLP (Almaty)
Minimal volume of compulsory quotation: 1,700,000 bonds
Credit ratings of the issue absent on issue date
Credit ratings of the issuer
Moody's Ва2/stable/NP
Fitch В+/stable/В
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Interest rate payment on the bonds will be made in tenge twice a year in each
half-year on the basis of 360 days in the year and 30 days in the month during
the whole circulation term of the bonds. Persons, who purchased bonds no later
than 30 days before the date of interest rate payment, have the right for
receiving interest. If interest rate payment date of redemption date coincides
with a day off or a holiday, payment to a bondholder will be made on the first
working day, which follows the day off or the holiday. Bondholder has no right
to demand interest or another compensation for such the delay in payment.
Coupon interest rate on bonds is determined (reexamined) every six months
since the date of their circulation start. In case the interest rate is changed
charging and payment of interest on the bonds by the issuer since the moment
of the last reexamination of the interest till the new term of reexamination is
made on the basis of interest rate of the last reexamination.
Interest rate on bonds is calculated by the following formula: r = i + 6%,
where i - inflation index, which is set by Kazakhstan statistics agency, for
twelve months, which precede the month of interest rate determination on
bonds.
Interest for the first six months of circulation is determined on the date of
their circulation start. According to the issuer's information interest rate
for the first half-year of bonds circulation is 12.1% APR.
Coupon interest on payment date is calculated as the product of the face value
by semi-annual coupon interest rate.
Bonds will be redeemed at the face value together with the last coupon payment
by means of money transfer to the current accounts of bondholders. Persons,
who have been registered in bondholders register not later than 30 days before
maturity date, have the right to receive bonds' face value.
Funds, which are taken by means of bonded borrowed, will be spent for
increasing of volumes of small and medium business crediting.
Detailed information about securities and their issuer, including conclusion of
stock exchange's listing commission, will be published in the official
electronic representatives of the KASE in the Internet (www.kase.kz) in the
nearest future.
[2003-06-27]