/IRBIS, July 18, 03/ - Following is the characteristics of second issue bonds
of Nurbank OJSC (Atyrau) published in connection with their admittance into
Kazakhstan Stock Exchange's (KASE) official "A" listing category.
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Type of bonds: inscribed coupon indexed
Debt type: senior unsecured subordinate
Issue currency: Kazakhstani tenge (KZT)
Servicing currency: Kazakhstani tenge (KZT)
Character of indexation: face value on changing of exchange's rate of tenge
to US dollar
National identification number: KZ2CKY08A774
Issue number in state register: А77
Register maintenance: Fondoviy Center CJSC (Almaty)
Date of issue registration: June 11, 03
Par value of bond: KZT16,000.00
Issue volume in issue currency: 4,000,000,000.00
Issue volume in securities: 250,000
Date of circulation start (issue date): June 12, 03
Circulation term: 8 years
Floatation term: 8 years
Maturity date: June 12, 11
Interest rate: 9.0% APR of indexed face value
Dates of coupon payment (interest): December 12 and June 12 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 date for coupon payment: November 12 and May 12 of each year
Register fixation term at maturity: 30 days before maturity date
Register fixation date at maturity: May 12, 11
Date of admittance in trade lists of KASE: July 18, 03
Trade code of KASE: NRBNb2
Date of first trades: will be determined later
Accuracy of price changing: 4 decimal figures
Market-maker at KASE: MONEY EXPERTS LLP (Almaty)
Minimal volume of obligatory quotation: 100 bonds
Credit ratings of the issue: absent on issue date
Credit ratings of the issuer:
Moody's E+/Ва3/stable/NP
Standard & Poor's B-/stable/C
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Indexed par value is calculated as the product of par value by
devaluation/revaluation rate coefficient (Kd), which is calculated as a ratio
of weighted average exchange rate of USD to tenge (Xt), specified at morning
(main) session of KASE on settlements day, to similar rate (Xo) on bonds'
circulation starting date (Kd=Xt/Xo).
Interest rate payment on the bonds will be made in tenge twice a year in
each six months 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 the date of coupon interest
payment or maturity date coincide with a day off or a holiday, payment for
bondholder will be made on the first working day, which will follow the day off
or the holiday. A bondholder has no right to demand interest or another
compensation for such delay of payment.
Interest on payment date is calculated as the product of indexed face value
by semi-annual interest rate.
Bonds will be redeemed at the indexed face value on maturity date together
with the last coupon payment by means of money transfer to current
accounts of bondholders. Persons, who were registered in the register of
bondholders not later than 30 days before maturity date, have the right to
receive indexed face value of bonds at maturity.
Funds, which have been borrowed by means of securities issuing, will be
spent for activation of activity of the issuer and its branches in the sphere
of mid-term and long-term crediting of investment projects of real sector of
Kazakhstan economy.
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 at
http://www.kase.kz/emitters/nrbn.asp in the nearest future.
[2003-07-18]