/IRBIS, Sergey Yakovlev, Assel Omarova, April 19, 05/ - Following is the
characteristics of the 1st issue bonds of GLOTUR JSC (Almaty), which is
given in accordance 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 Specifications of the bonds.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation type inflation linked coupon
National identification number: KZ2CKY10B513
Issue number in state register: B49
Register maintenance: Fondovyi Center CJSC (Almaty)
Issue registration date: December 31, 04
Face value: KZT1
Issue volume in issue currency: 1,300,000,000
Issue volume in securities: 1,300,000,000
Date of circulation start (issue date): April 19, 05
Circulation term (calendar): during 3 years from circulation
start date
Floatation term: during whole circulation term
Maturity date: Apr 19, 08
Register fixation date at maturity: April 18, 08
Principal repayment period within 5 working days after day
following register fixation date
Coupon interest: 10% APR for the first year of
circulation, afterwards is linked to
inflation in Kazakhstan
Coupon payment start dates Oct 19 and Apr 19 of each year
Register fixation dates for coupon Oct 18 and Oct 18 annually
payment:
Interest payment period within 5 working days after day
following after register fixation date
Time basis 30/360,European method
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Date of admittance in trade lists of Apr 19, 05
KASE:
Trade code of KASE: GLOTb1
Date of first trades: To be determined
Quoting system at KASE: in "clean" prices expressed as
percentage of face value
Accuracy of price changing in quoting: up to 4 decimal figures
Financial consultant Fondovyi Center CJSC (Almaty)
Market-maker at KASE: Fondovyi Center CJSC (Almaty)
Minimal volume of compulsory quotation: 1,900,000 bonds
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Credit ratings of the issue: absent as of Apr 19, 05
Credit ratings of the issuer: absent as of Apr 19, 05
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For the first year of circulation coupon rate will amount 10.0% APR of face
value of bonds. Following coupon payments are indexed on inflation for the
last 12 months 2 months before another coupon payment is made. From
third year of circulation the coupon is reexamined by the Board of the Bank
each 6 months and will equal to i+m, where:
i - inflation rate calculated as growth/falling of consumer price index (in
percentage expression minus 100%), which is published by Kazakhstan
statistics agency for the last 12 months preceding to two months, in which
the rate is set or reexamined;
m - fixed margin equaling to 3% for the whole period of ciculation.
The upper limit of the rate is 13%APR, lower - 4.0%APR.
Bonds will be floated both at organized market by holding specialized trades
at Kazakhstan Stock Exchange JSC (KASE), and over-the-counter market.
Detailed information about the issuer and his securities is available on
KASE's web-site at
http://www.kase.kz/emitters/glot.asp.
[2005-04-19]