Interest rate for the 2nd coupon period on the 1st issue bonds of Mining and smelting concern Kazakhaltyn JSC (Kazakhstan) is 9.70% APR
02.12.04 11:08
/KASE, December 2, 04/ - Mining and smelting concern Kazakhaltyn JSC
(Akmola oblast, Stepnogorsk) has informed Kazakhstan stock exchange
(KASE) by the official letter that as per Prospect of issue of indexed to the
level of tenge devaluation company's bonds of the first issue
(KZ2CKY05B133, KASE's official "A" listing category, KZALb1, KZT1,
KZT2,800.0 m., June 2, 04 - June 2, 09, semi-annual coupon indexed by
inflation rate) for the second coupon period rate of coupon premium was
determined in the amount of 9.70% APR of bond's face value.
The message says that the rate has been set in compliance with data of
Kazakhstan statistics agency, published on the web-site of National Bank, in
accordance with which consumer price index (inflation rate) for September
2003 was 107.7. Having deducted 100 from this figure and having added two
the issuer calculated a new coupon rate.
In the previous coupon period interest rate on bonds of Mining and smelting
concern Kazakhaltyn JSC was 9.00% APR.
[2004-12-02]