/IRBIS, Sergey Yakovlev, Assel Omarova, April 11, 05/ - Following is the
characteristics of the 8th issue bonds of Halyk savings bank of
Kazakhstan JSC (Almaty) given in accordance with their inclusion in
Kazakhstan stock exchange's (KASE) official "A" listing category.
This issue is the fifth one made within the frameworks of the bank's first
bond program, which was registered by Kazakhstan agency for financial
market and financial organizations regulation and supervision on May 4 of
2004 under number 18.
Data is shown in accordance with conclusion of KASE's Listing commission
and Specification of the 5th bond issue within the frameworks of the first
bond program.
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Type of securities: bonds with indexed coupon rate
Debt type: unsecured subordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
National identification number: KZPC5Y10B197
Issue registration date: April 6, 05
Issue number in state register: B19-5
Register maintained by: FONDOVIY CENTER JSC (Almaty)
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Face value: KZT10,000
Issue volume in issue currency: 4,000,000,000
Issue volume in securities: 400,000
Date of circulation start: April 11, 05
Circulation term: 10 years
Floatation term: within the whole circulation term
Register fixation date at maturity: Aril 10, 15
Maturity stat date: April 11, 15
Maturity term: within 10 calendar days after the
end of bonds circulation
Coupon payments periodicity: twice a year
Coupon interest: 7.5% APR of the face value in the
first year of circulation, further
floating, depending on inflation
rate in Kazakhstan
Register fixation dates for coupon payment: October 10 and April 10 of each year
Dates of coupon payments start: October 11 and April 11 of each year
Coupon payments period: within 10 calendar days since the
date of the last day of the period,
for which payment is made
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: April 11, 05
Date of first trades: will be determined later
Trade code of KASE: HSBKb8
Quoting system at KASE: in clean prices, % of the face value
Accuracy of price changing at quoting: 4 decimal figures
Underwriter and market-maker at KASE: Halyk Finance JSC (Almaty)
Minimal volume of compulsory quotation: 190 bonds
Credit ratings of the issue: absent as of April 11, 05
Credit ratings of the issuer:
Moody's D-/Ba1/positive/NP
S&P B+/positive/B
Fitch ВВ-/positive/В/3, individual C/D
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In the first year of circulation, the coupon rate will be equal to 7.5% APR of
face value. Following coupons are indexed to inflation rate and determined
by the following formula:
r = i + 1%, where:
i, % - inflation, for the period from the beginning of the fiscal year till the
end of full calendar month, that precedes the date of beginning of coupon
period for which the coupon rate is determined relative to corresponding period
of the last year;
1% - fixed margin.
The lower and upper limit for the coupon rate on bonds (r) is set at the level
of 4% and 10 %, respectively.
Inflation rate is calculated based on increase/decrease in average annual
consumer price index (CPI) as reported by Statistics agency of the Republic
of Kazakhstan minus 100%. In case of changes are made to the algorithm or
name of the indicator etc, an equivalent indicator set by Statistics agency
will be used to calculate a coupon interest.
Coupon rate is revised twice a year within whole period of circulation, as of
date (day and month), that coincides with the beginning day of the next
coupon payment day. Coupon rate as of payment date is calculated as
product of face value and semiannual coupon rate.
Coupon payment will be made in tenge. In case if investors are non-
residents of the Republic of Kazakhstan will be made in tenge if the person
maintains account with a bank operating Kazakhstan. The conversion of the
amount into another currency will be made at the expense of an investor.
Issue terms provide for right of the issues the repay the bond in advance.
Detailed information about the issuer and the securities is available on
KASE's web-site at
http://www.kase.kz/emitters/hsbk.asp.
[2005-04-11]