/IRBIS, Sergey Yakovlev, November 15, 05/ - Following is the characteristics
of KZ2CKY05B703 issue bonds of Ornek XXI JSC (Almaty), which is given in
accordance with their inclusion in Kazakhstan stock exchange's (KASE)
official "B" listing category.
Information published below is shown in accordance with conclusion of
KASE's Listing commission and Specification of the first bond issue of Ornek
XXI JSC.
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Type of securities: bonds with indexed
coupon rate
Debt type: unsecured
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: coupon rate depending
on inflation rate in Kazakhstan
Issue number in state register: B70
Issue registration date: Sep 5, 05
National identification number: KZ2CKY05B703
Bondholders' register maintenance: Zerde JSC (Almaty)
Issuer's financial consultant: Almaty Investment Management JSC
(Almaty)
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Bond's face value: KZT100
Issue volume in issue currency: 4,000,000,000
Issue volume in securities: 40,000,000
Date of circulation start: Sep 20, 05
Circulation term: 5 years
Floatation term: during the whole circulation term
Register fixation date at maturity: Sep 19, 10
Maturity start date: Sep 20, 10
Maturity term: within 10 working days after the day,
following register fixation day
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Coupon rate: 10.0% APR for the first circulation
year, afterwards - floating
Register fixation dates for coupons
payment: March 19 and September 19 of each year
Coupons payment start dates: March 20 and September 20 of each year
Term of coupon payments: within 10 working days after the day,
following register fixation day
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of
KASE: Nov 15, 05
Trade code of KASE: ORNKb1
Date of first trades: Nov 15, 05
Quoting system on KASE: in net prices, % from the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE: Almaty Investment Management JSC
Minimal volume of compulsory quotation: 19,400 bonds
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Credit ratings of the issue: absent as of Nov 15, 05
Issuer's credit ratings: absent as of Nov 15, 05
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Interest rate for the first circulation year is 10% APR from bond's face value.
Afterwards interest rate on bonds is floating, depending on inflation rate
determined every 6 months by the formula:
r = I + m, where
r - interest rate in % per annum; i - inflation rate calculated as
increase/decrease of consumer price index in annual expression (value of
the index as % minus 100%), published by Kazakhstan Statistics Agency for
the month, preceding to two months before coupon period beginning; m -
fixed margin at the rate of 2.5% APR.
The upper limit of interest rate is 11%, lower - 2.5%.
Prescheduled full or partial redemption of bonds is not provided.
Detailed information about the issuer and the securities is available on
KASE's web-site at
http://www.kase.kz/emitters/ornk.asp
[2005-11-15]