BTA Ipoteka JSC (Kazakhstan) meets solvency criteria over its liabilities - Bank CenterCredit

/KASE, August 4, 05/ - Bank CenterCredit JSC (Almaty), which acts as Representative of holders of the following mortgage bonds of BTA Ipoteka JSC (Almaty): - KZ2CKY07A867 issue (KASE's official "А" listing category, BTAIb1; KZT10,000.00, KZT500.0 m.; December 26, 03 - December 26, 10, three-month coupon with floating rate, 10.00% APR for the current period); - KZ2CKY10B257 issue (KASE's official "А" listing category, BTAIb2; KZT1, KZT1,500.0 m.; October 21, 04 - October 21, 14, indexed by inflation rate semiannual coupon with floating rate, 8.40% APR for the current period); - KZPC1Y07B335 issue (KASE's official "А" listing category, BTAIb3; KZT1, KZT2.0 bn., December 15, 04 - December 15, 11, indexed by inflation rate semiannual coupon, 8.8% APR for the first coupon period, 30/360); - KZPC1Y10B333 issue (KASE's official "А" listing category, BTAIb5; KZT100, KZT4 bn.; May 11, 05 - May 11, 15 indexed by inflation rate semiannual coupon, 8.3% APR for the first coupon period, 30/360); informed by the official letter Kazakhstan stock exchange (KASE) that BTA Ipoteka JSC meets solvency criteria over its liabilities. Message of Bank CenterCredit JSC says that according to the analysis data of financial position of BTA Ipoteka JSC and conclusion of independent auditor as on July 1, 2005 the company is stable and solvent. Circumstances, which may entail violation of rights and interests of bonds holders, were not revealed. [2005-08-04]