/IRBIS, Ranida Gabdeyeva, June 6, 05, information about the company
controlling the pawn is annulled/ - Following is the characteristics of the
12th issue bonds of Kazakhstan Mortgage Company JSC (Almaty), which is given
in accordance with their inclusion in Kazakhstan stock exchange's (KASE)
official "A" listing category.
This is the second issue made within the frameworks of the company's
second bond program, which was registered by Kazakhstan agency for
financial market and financial organizations regulation and supervision on
March 30 of 2005.
Data is shown in accordance with conclusion of KASE's Listing commission
and Specification of the second bonds issue of Kazakhstan Mortgage
Company JSC made within the second bond program.
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Type of securities: mortgage bonds with floating coupon
rate
Debt type: secured
Issue and servicing currency: KZT
National identification number: KZPC2Y12B547
Issue number in state register: В54-2
Issue registration date: 30.03.05
Register maintenance: Central securities depository JSC
(Almaty)
Underwriter of the issue: Alliance Bank JSC (Almaty)
Bondholders' representative: Bank CenterCredit JSC (Almaty)
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Face value: KZT1
Issue volume in issue currency: 5,000,000,000
Issue volume in securities: 5,000,000,000
Circulation start date (issue date): 10.04.05
Circulation term (calendar): 12 years since circulation start date
Floatation term: during the whole circulation period
Register fixation date at maturity: 09.04.17
Maturity start date: 10.04.17
Maturity term: within 5 working days after the day
following register fixation date
Coupon size: floating depending on inflation rate in
Kazakhstan
Register fixation dates for coupon October 9 and April 9 of each year
payment:
Coupon payment start date: October 10 and April 10 of each year
Coupon payment term: within 5 working days after the day
following register fixation date
Time basis at all settlements: 30/360. European method
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Date of inclusion in KASE trade lists: 06.06.05
Trade code of KASE: KZIKb12
Date of first trades on the secondary will be determined later
market:
Quoting system on KASE: in "clean" prices expressed as %
from the face value
Accuracy of price changing at quoting: up to 4 decimal figures
Market-maker on KASE: Alliance Bank JSC
Minimal volume of compulsory quotation: 1,900,000 bonds
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Credit ratings of the issue: absent as of 06.06.05
Credit ratings of the issuer: Baa2/stable (Moody's)
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Interest rate is floating, it's calculated in the following way:
y = i -100 + m, where
y - coupon rate; i - inflationr ate in annual expression for the month
preceding to the month, in which the rate is set or reexamined; m - fixed
margin.
There is the upper limit of interest rate on bonds - 7.5% APR. Interest rate
can not be higher than the above-mentioned value. If the value [inflation rate
below 100] is negative, i.e. there is deflation, inflation rate equal to zero
is taken for interest rate calculation.
Fixed margin is determined by the results of the first trades on bonds primary
floatation. These trades are held by Kazakhstan stock exchange Inc. and are
specialized ones. Fixed margin of coupon rate for bonds whole circulation
period will be the subject of the trade. Cut-off rate determined by the results
of specialized trades is taken as fixed margin. Information about interest rate
is published on KASE's web-site according to results of trades.
If according to results of fixed margin determination there is the rate higher
than the set upper limit including inflation rate, this margin is fixed, but
interest rate for the current coupon period until the next reexamination is set
at the rate of 7.5% APR.
Date, since which interest is charged, is bonds circulation start date - April
10 of 2005.
Detailed information about the securities, including Listing commission's
conclusion and issue specification is available on KASE's web-site at
http://www.kase.kz/emitters/kzik.asp
[2005-06-08]