As of May 1, 2005 Kazakhstan Mortgage Company JSC meets solvency criteria over third emission bonds - Bondholders representative

/KASE, May 23, 05/ - Halyk savings bank of Kazakhstan JSC (Almaty), which acts as representative of holders of inflation indexed mortgage bonds of Kazakhstan Mortgage Company JSC (KMC, Almaty), first issue (KZ2CKY03A676; official "А" listing category of KASE, KZIKb1; KZT 1.5 bn., KZT10,000, Nov 10, 02 - Nov 10, 05, semiannual coupon with floating rate), inspected the financial position of KMK at May 1, 2005, the bank said in a statement released for Kazakhstan Stock Exchange (KASE). According to the analysis, bondholders' Representative says the financial position of KMC as of May 1, 2005 was stable, payment capacity and liquidity were proved, company is able to pay interest to holders of the first issue mortgage bonds. The Representative plans to provide KASE with a copy of the Certification of KMK's inspection in the nearest future. [2005-05-23]