/IRBIS, Sergey Yakovlev, December 30, 05/ - Following is the characteristics
of KZPC4Y10B653 issue bonds of Bank CenterCredit 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 Specification of the fourth bond issue within
first bond program of Bank CenterCredit JSC.
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Type of securities: mortgage bonds with indexed coupon rate
Debt type: secured, insubordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
Character of indexation: coupon rate depending upon inflation
level in Kazakhstan
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Number of bond program
in state register: B65
Bond program registration date: July 6, 05
Amount of bond program: KZT50.0 bn.
Issue number in bond program: 4
Issue number in state register: B65-4
Issue registration date: December 26, 05
National identification number: KZPС4Y10B653
Bondholders' register maintenance: Center DAR LLP (Almaty)
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Face value: KZT100
Issue volume in issue currency: 2,000,000,000
Issue volume in securities: 20,000,000
Date of circulation start: December 27, 05
Circulation term: 10 years
Floatation term: during the whole circulation term
Register fixation date at maturity: December 26, 15
Maturity start date: December 27, 15
Maturity term: during 20 calendar days after
completion of bonds circulation period
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Coupon rate: for the first circulation year - 9.0% APR,
afterwards - floating
Register fixation dates for coupon
payment: June 26 and December 26 of each year
Coupons payment start dates: June 27 and December 27 of each year
Term of coupon payments: within 20 calendar days from the date
of last day of the period, within which
payment is to be made
Times basis: 30/360, European method
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Date of admittance in trade lists of KASE:December 30, 05
Trade code of KASE: CCBNb11
Date of first trades: December 30, 05
Quoting system on KASE: in clean prices, % from the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE: KIB ASSET MANAGEMENT JSC
Minimal volume of compulsory quotation: 19,400 bonds
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Credit ratings of the issue: absent as of December 30, 05
Issuer's credit ratings:
Moody's D-/Ba1/positive/NP
Fitch BB-/stable/B/3, individual D
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Starting from the second year of circulation value of coupon rate changes
each 6 months and is calculated by formula:
r = i+m, where
r - coupon rate;
i - inflation, calculated as growth / decrease of consumer prices index (value
of index in percents minus 100%), published by Statistics agency of
Kazakhstan for the last 12 months, proceeding two months to the date of
payment;
m - fixed margin in 1.0% APR.
Value of upper limit is fixed at the level 10% APR, lower - 3.0% APR.
By the decision of the Board of directors the issuer has right to redeem
bonds on organized and non-organized market in order to sell further to
other investors. Price of deal is determined from the best market terms,
formed at the moment of deal conclusion.
Detailed information about the issuer and the securities will soon be available
on KASE's web-site at
http://www.kase.kz/emitters/ccbn.asp
[2005-12-30]