/IRBIS, Sergey Yakovlev, November 2, 05/ - Following is the characteristics
of KZPC7Y10B193 issue bonds of Halyk savings bank of Kazakhstan JSC
(Almaty), which is given in accordance with their inclusion in Kazakhstan
stock exchange's (KASE) official "A" listing category.
Information published below is shown in accordance with conclusion of
KASE's Listing commission and Prospect of the seventh issue within the first
bond program of Halyk savings bank of Kazakhstan JSC.
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Type of securities: bonds with indexed
coupon rate
Debt type: unsecured subordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: Coupon rate depending upon
inflation level in Kazakhstan
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Bond program number
in the state register: B19
Bond program registration date: May 4, 04
Bond program amount: KZT35.0 bn.
Issue number in bond program: 7
Issue number in state register: B19-7
Issue registration date: October 21, 05
National identification number: KZPC7Y10B193
Bonders' register maintenance: Fondovyi Center JSC (Almaty)
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Bond's face value: KZT10,000
Issue volume in issue currency: 5,000,000,000
Issue volume in securities: 500,000
Date of circulation start: November 2, 05
Circulation term: 10 years
Floatation term: within the whole
circulation term
Register fixation date at maturity: November 1, 15
Maturity start date: November 2, 15
Maturity term: within 10 calendar days
after completion of
circulation period
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Coupon rate: 7.75% APR from nominal
for the first coupon period,
hereinafter - floating
Register fixation dates for May 1 and November
coupons payment: 1 of each year
Coupons payment start dates: May 2 and November
2 of each year
Term of coupon payments: within 10 calendar days
after completion of period,
when coupon should be paid
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: November 2, 05
Trade code of KASE: HSBKb10
Date of first trades: will be announced later
Quoting system on KASE: in clean prices,
% from the face value
Accuracy of price up to 4 decimal figures
changing in quoting:
Market-maker on KASE: Halyk Finance JSC (Almaty)
Minimal volume of 190 bonds
compulsory quotation:
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Credit ratings of the issue: absent as of November 2, 05
Issuer's credit ratings: Moody's:
Fitch: D-/Ba1/positive/NP
S&P ВВ/stable/В/3, individual C/D
B+/positive/B
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Interest rate for the first coupon period is 7.75% APR from nominal value.
Following coupon payments rate is indexed to inflation level and is calculated
by formula:
r = 15% - i, where
I, % - inflation, calculated as growth/decrease of consumer prices index
(value of index in percents minus 100%), published by Statistics agency of
the Republic of Kazakhstan for the last 12 months, preceding one months to
the date of the next coupon payment;
15% - fixed margin, % APR
In calculation of interest rate on bonds (r) value of upper limit of inflation
(i) is fixed at 3% and value of lower limit at 9%.
Issue prospect stipulates for right of issuer for pre-term redemption of
primary debt by nominal value.
Detailed information about the issuer and the securities is available on
KASE's web-site at
http://www.kase.kz/emitters/hsbk.asp
[2005-11-02]