Bonds of international financial organizations of three issues have been admitted to circulation at KASE
/IRBIS, November 4, 03/ - On the basis of application of TuranAlem Securities JSC (Almaty) dated October 31 of 2003 by the decision of Kazakhstan stock exchange's (KASE) Board since November 4 of 2003 following bonds of international financial organizations (IFO) have been admitted to circulation at KASE:
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Issuer International bank for reconstruction
and development (IBRD)
Type of bond: mid-term euronotes
Type of debt: senior unsecured
ISIN: XS0092711802
Code in the register: IBRDU251113
Issue currency: USD
Issue volume in issue currency: 500,000,000.00
Payment date (circulation starting): November 25, 98
Circulation term: 15 years
Maturity date: November 25, 13
Type of coupon: annual
Coupon rate 5.500% APR
Dates of coupon payments: September 25
Price at the primary floatation: 99.2860%
Time basis while yield calculation: 30/360
Credit ratings:
Moody's Aaa
S&P AAA
composite AAA
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--------------------------------------------------------------------------- Issuer Asian development bank (ADB) Type of bond: international (global) mid-term notes Type of debt: senior unsecured ISIN: US045167BH53 Code in the register: ADB_U040912 Issue currency: USD Issue volume in issue currency: 500,000,000.00 Payment date (circulation starting): September 4, 02 Circulation term: 10 years Maturity date: September 4, 12 Type of coupon: semi-annual Coupon rate 4.500% APR Dates of coupon payments: March 4 and September 4 Price at the primary floatation: 99.0400% Time basis while yield calculation: 30/360 Credit ratings: Moody's Aaa S&P AAA composite AAA ---------------------------------------------------------------------------
--------------------------------------------------------------------------- Issuer Interamerican development bank (IADB) Type of bond: international (global) mid-term notes Type of debt: senior unsecured ISIN: US4581X0AD07 Code in the register: IADBU200912 Issue currency: USD Issue volume in issue currency: 2,000,000,000.00 Payment date (circulation starting): September 20, 02 Circulation term: 10 years Maturity date: September 20, 12 Type of coupon: semi-annual Coupon rate 4.375% APR Dates of coupon payments: March 20 and September 20 Price at the primary floatation: 99.5600% Time basis while yield calculation: 30/360 Credit ratings: Moody's Aaa S&P AAA composite AAA ---------------------------------------------------------------------------
By the mentioned decision of KASE's Board TuranAlem Securities JSC has been assigned status of market-maker on the above-mentioned bonds and there were determined minimal volumes of compulsory quotations at the rate of USD12,000 in debt's nominal expression on each security.
Before (since November 19 of 2002) bonds of IBRD of the issue XS0092711802 and bonds of ADB of the issue US045167BH53 had been already admitted to circulation at KASE. Market-makers obligations on these securities since November 22 of 2002 were fulfilled by BankTuranAlem JSC (Almaty). However on April 28 of 2003 by the decision of KASE's Board, in compliance with paragraph 18 of the article 6 of the Rules of market-makers' activity Bank TuranAlem JSC was forcedly deprived of the status of market-makers of the mentioned bonds because this activity of the bank conflicted with norms of Kazkahstan banking legislation.
At present euronotes of International bank for reconstruction and development (IBRD) of the issue DE0001282705, and also euronotes of International financial corporation (IFC) of the issue XS0110024550 have been admitted to circaultion at KASE and are regularly quoted by the market-maker (State accumulative pension fund CJSC).
The last deal in IFO's bonds were made at KASE on October 8 of 2001.
[2003-11-04]