/IRBIS, December 13, 03 / - Following is the characteristics of the 3rd issue
bonds of BANK CASPIAN JSC (Almaty), which is given in accordance with
their including in Kazakhstan stock exchange's (KASE) official "A" listing
category. Data is shown in accordance with conclusion of KASE's Listing
commission, other internal documents of KASE, and issuer's materials.
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Type of securities: coupon indexed bonds
Debt type: unsecured subordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: face value on changing of
stock exchange's rate of tenge
to US dollar
Indexation peculiarities: holder's revenue is protected
growth of the rate of tenge
to dollar
National identification number: KZ2CKY07В014
Issue number in state register: В01
Register maintenance: Registration system of securities
CJSC (Almaty)
Date of issue registration: November 21, 03
Face value in issue currency: 20,000
Issue volume in issue currency: 7,500,000,000
Issue volume in securities: 375,000
Date of circulation start (issue date): December 6, 03
Circulation term: 7 years
Floatation term: during the whole circulation term
Maturity date: December 6, 10
Interest rate: 8.75% APR of indexed face value
Interest payment dates: June 6 and December 6 of each year
Time basis in all settlements: 30/360. European method
Register fixation dates for coupon payment: June 5 and December 5 of each year
Register fixation date at maturity: December 5, 10
Date of admittance in trade lists of KASE: December 12, 03
Trade code of KASE: CSBNb3
Date of first trades: will be determined later
Quoting system at KASE: in clean prices expressed as
percentage of indexed face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker at KASE: RG Securities LLP (Almaty)
Minimal volume of compulsory quotation: 90 bonds
Credit ratings of the issue: absent on issue date
Credit ratings of the issuer: Moody's: E+/Bа3/stable/NP
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Subordinate debt is bank's unsecured liability, which in accordance with the
existing written agreements of the bank is satisfied in the last turn in case
of its liquidation (bondholders will be able to satisfy their demands only
after the bank makes settlements with depositors and other persons, which have
priority right for debt's payment, but - before distribution of the remaining
property between ordinary shareholders).
Indexed face value is calculated as the product of the face value by
devaluation rate coefficient. Devaluation rate coefficient Kd is calculated as
ratio of weighted average US dollar's rate relative to tenge (Xt) determined
on the morning (main) session of Kazakhstan stock exchange CJSC (issue
terms do not specify date or moment - note of IRBIS), to similar rate (Xo) on
bonds circulation start date (Kd = Xt/Xo). If Xt is less than Xo, Kd=1.
Coupon interest on bonds is paid twice a year based on time basis 360/30
(360 days in the year/ 30 days in the month) in compliance with the
calculation order of KASE correspondingly in six and twelve months starting
from bonds circulation start date every year till maturity date.
Persons, who bought bonds not later than one day before coupon interest
payment date, have the right to receive it.
Coupon interest on payment date (indexed coupon interest) is calculated as
the product of indexed face value by the annual rate of coupon interest and
by number of days in coupon charging period, divided by 360. Coupon is
paid on the day, which has been set for their payment, i.e. which is actual
payment day.
Main debt is redeemed at indexed face value of bonds, which are in
circulation, on redemption day, but not less than their face value. Bonds are
redeemed on the day, which is the day of actual redemption.
If coupon interest payment date and sum of the main debt coincides with a
day off or a holiday, payment will be made on the first working day following
such the day. However, such the removal of payment does not influence
upon the payable sum. Bondholder has no right to demand interest or any
compensation for such the delay. Persons, who have bought bonds not later
than one day before main debt's redemption date, have the right to receive
the main debt.
Coupon interest or sum of the main debt is paid by means of money transfer
to the current accounts of bondholders registered in the register, which is
maintained by Registrar or by cash payment in the issuer's headquarters. In
order to pay coupon interest and sum of the main debt the Registrar fixes
register by the end of the last day of the period before the day of coupon
payment and redemption.
Prescheduled redemption of bonds is not provided.
Funds received from bonds floatation will be used for replenishment of the
issuer's shareholders equity and borrowing of financial resources for a longer
period.
Detailed information about securities and their issuer has been published in
KASE's web-site at
http://www.kase.kz/emitters/csbn.asp.
[2003-12-13]