/IRBIS, Assel Omarova, December 20, 04/ - Following is the characteristics
of the 3rd issue bonds of Alliance bank JSC (Almaty), which is given in
connection with their inclusion in Kazakhstan stock exchange's (KASE)
official "A" listing category.
Data is shown in accordance with conclusion of KASE's Listing commission
and Specification of the 3rd issue bonds of Alliance bank JSC taking into
account chamnges.
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Type of securities: coupon bonds with floating rate
Debt type: unsecured subordinate
Indexation type: Coupon rate depending from level
of inflation in Kazakhstan
Issue and servicing currency: Kazakhstan tenge (KZT)
National identification number: KZ2CKY07B394
Issue number in state register: В39
Register maintenance: Registrator LLP (Almaty)
Issue registration date: October 29, 04
Face value of bond KZT1
Issue volume in issue currency: 3,000,000,000
Issue volume in securities: 3,000,000,000
Date of circulation start (issue date): October 29, 04
Circulation term: 7 years
Floatation term: during entire circulation term
Maturity date: October 29, 11
Register fixation date at maturity: December 28, 11
Coupon interest: 8.5% APR in the coupon period,
afterwards - floating, depending
coupon level of inflation, to be
reconsidered each 6 months
Dates of coupon payments start: April 29 and October 29 of each
year
Register fixation dates for coupon payments: April 28 and October 28 of each
year
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: December 15, 04
Trade code of KASE: ASBNb3
Date of first trades: December 20, 2004
Quoting system at KASE: in "clean" prices expressed
as percentage of the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker at KASE: Alliance Bank JSC
Minimal volume of compulsory quotation: 1,800,000 bonds
Credit ratings of the issue: As on December 20, 04 are absent
Credit ratings of the issuer: Moody's - E+/Ba3/positive/NP
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Interest rate: 8.50% APR for the first coupon period. Afterward - floating,
depending upon level of inflation, "but not less than rate of refinancing of
the National Bank of the Republic of Kazakhstan for the day of coupon payments
are to be reconsidered each six months" (in parentheses are words from
issue prospect - note of IRBIS).
Amount of coupon premium per one bond is calculated according to formula:
С = St * n * D/360
St =i + r,
where С - amount of charged coupon premium per one bond (KZT);
St - annual coupon rate;
n - nominal value of one bond (KZT);
i - inflation level, calculated as growth/ decrease of consumer prices index
(index in percents minus 100%), published by Statistics agency of the
Republic of Kazakhstan, for the last 12 months, before two months to the
date of fixing of the next coupon premium for the next coupon period;
r - fixed margin in the amount of 2% APR;
D (days) - number of days, when coupon is to be paid (360 days in a year
and 30 days in a month in relative period of circulation of nominal coupon
indexed bonds).
Terms of issue stipulate upper and lower rates of premium. Value of upper
margin is to be fixed at the level of 12% (twelve percents), lower 4% (four
percents), in case of refinancing rate of the National Bank of the Republic of
Kazakhstan will be lower than 4%. Publishing of new interest rate is fulfilled
not later before three working days before new coupon period will start. The
bank brings this information to holders of bonds by placing message in
KASE's site.
Detailed information about the issuer and securities is available on KASE's
web-site at
http://www.kase.kz/emitters/asbn.asp.
[2004-12-20]