/IRBIS, Sergey Yakovlev, February 21, 06/ - Following is the characteristics
of KZPC3Y10B648 issue bonds of BTA Ipoteka 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 third bond issue made
within the second bond program of BTA Ipoteka JSC.
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Type of securities: bonds with indexed
coupon rate
Debt type: secured insubordinate
Securing: demand rights on mortgage borrowing
agreements
Issue and servicing currency: Kazakhstan tenge (KZT)
Indexation character: coupon rate depending
inflation rate in Kazakhstan
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Bond program number
in the state register: B64
Bond program registration date: June 24, 05
Bond program amount: KZT15.0 bn.
Issue number in bond program: 3
Issue number in state register: B64-3
Issue registration date: February 3, 06
National identification number: KZPC3Y10B648
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Bondholders' register maintained by: Register-Center JSC (Almaty)
Pawn property auditor: NAC Centeraudit-Kazakhstan LLP (Almaty)
Bondholders' representative: Bank CenterCredit 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
Circulation start date: February 21, 06
Circulation term: 10 years
Offering term: within the whole circulation period
Register fixation date at maturity: February 20, 16
Maturity start date: February 21, 16
Maturity term: 5 working days since bonds
maturity start date
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Coupon rate: for the 1st coupon period 8.5% APR,
afterwards - floating
Register fixation dates for coupons
payment: August 20 and February 20 of each year
Coupons payment start dates: August 21 and February 21 of each year
Term of coupon payments: 5 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: February 21, 06
Symbol on KASE: BTAIb9
Date of first trades: to be determined later
Quoting system on KASE: in clean prices, % from the face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE: TuranAlem Securities JSC (Almaty)
Minimal volume of compulsory
quotation: 20,600 bonds
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Credit ratings of the issue: absent as of February 21, 06
Issuer's credit ratings: S&P: B+/stable/B
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Starting from the second coupon period interest rate on the bonds (% APR)
is floating and calculated by the formula [consumer price index in annual
expression (for the last 12 months) for the month, preceding to the month,
in which the rate is set or reexamined], minus [100] +0.5. Interest rate is
reexamined very six months since circulation start date in accordance with
the change of consumer price index according to data of Kazakhstan
Statistics Agency.
The upper limit of interest rate is 8.5% APR, lower - 2.0% APR.
After 3 (three) years since circulation start date the issuer has the right
to repurchase bonds in advance with the purpose of their prescheduled
redemption at the face value. Decision about prescheduled repurchase is
taken by the issuer's Board of directors.
Detailed information about the securities will today be available on KASE's
web-site at
http://www.kase.kz/emitters/btai.asp
[2006-02-21]