/IRBIS, Sergey Yakovlev, April 18, 05/ - Following is the characteristics of
the 9th issue bonds of Kazakhstan Mortgage Company JSC (Almaty), given
in accordance with their admission into category A of the official listing.
The issue is the first one made within first bond program of the Company,
registered by the Agency of the Republic of Kazakhstan for financial market
and financial organizations regulation and supervision on April 8, 2004.
Data is shown in accordance with conclusion of KASE's Listing commission
and Prospectus of the ninth issue of mortgage-backed bonds of Kazakhstan
Mortgage Company JSC:
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Type of securities: indexed mortgage bonds
Debt type: secured
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: Indexation of coupon depending
on inflation rate in Kazakhstan
Indexation peculiarities: holder's revenue is protected
against deflation; coupon rate
depends on fixed margin amount
National identification number: KZ2PC1Y03B142
Issue number in state register: B14-1
Register maintenance: FONDOVYI SERVIS CJSC (Almaty)
Date of issue registration: Feb 18, 05
Par value KZT 1.00
Issue volume in issue currency: 5,000,000,000.00
Issue volume in securities: 5,000,000,000.00
Date of circulation start (issue date): Mar 1, 05
Circulation term: 3 years from circulation date
Floatation term: during the whole circulation term
Maturity date: Mar 1, 08
Register fixation date at maturity: Feb 29, 08
Payment period Within 5 working days after day of
register fixation
Coupon (interest rate): To be determined at primary
floatation
Coupon payment dates: on September 1 and March 1
Register fixation dates for coupon payment: August 31 and February 28 of each
year
Time basis in all settlements: 30/360. European method
Underwriter RG Securities JSC (Almaty)
Monitoring of the pledge ALMIR CONSULATING LLP (Almaty)
Representative of bond holders CenterCredit Bank JSC (Almaty)
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Date of admittance in trade lists of KASE: Apr 18, 05
Trade code of KASE: KZIKb9
Date of first trades: To be determined later
Accuracy of price changing in quoting: 4 decimal points
Market-maker at KASE: RG Securities JSC (Almaty)
Minimal volume of compulsory quotation: 1,900,000 bonds
Credit ratings of the issue: None as of April 18, 05
Credit ratings of the issuer: None as of April 18, 05
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Coupon rate on bonds is fixed and will be determined at primary floatation.
Kazakhstan Stock Exchange JSC holds specialized trades. The subject of
trading is the coupon rate on bonds for the whole period of circulation. Cut
off price, determined by results of primary trades, will be a coupon rate on
bonds. The issuer must inform the Agency of the Republic of Kazakhstan for
financial market and financial organizations regulation and supervision in a
written form about newly set interest rate within 5 working days after primary
floatation holding.
Information about coupon rate is published on the web site of Kazakhstan
Stock Exchange JSC.
Bonds are backed by collateral, consisting of the company's movable
property, which includes (1) claims on mortgage loans to borrowers,
purchased from banks-partners either by buying mortgage certificates
directly or signing a special purpose agreement, which provides for "passing
through" all or only a part of claims to a third party (assignment agreement);
and (2) securities acceptable for refinancing by the National bank of
Kazakhstan.
More detailed information on securities, including conclusion of the Listing
committee of the Exchange, has been published at KASE' official web site
at:
http://www.kase.kz/emitters/kzik.asp
[2005-04-18]