Issue, circulation and maturity terms of KZPC3Y10C018 (HSBKb11) issue bonds of Halyk savings bank of Kazakhstan JSC
/IRBIS, Sergey Yakovlev, April 20, 06/ - Following is the characteristics of KZPC3Y10C018 issue subordinate 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 given in accordance with conclusion of KASE's Listing commission and Specification of the bond issue.
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Type of securities: bonds with floating coupon rate
Debt type: unsecured subordinate
Issue and servicing currency: Kazakhstan tenge (KZT)
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Bond program number in the state register: С01
Bond program registration date: March 16, 06
Bond program amount: KZT70.0 bn.
Issue number in bond program: 3
Issue number in state register: С01-3
Issue registration date: March 29, 06
National identification number: KZPC3Y10С018
Bondholders' register maintained by: Fondovyi Tsentr JSC (Almaty)
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Bond's face value: KZT10,000
Issue volume in issue currency: 4,000,000,000
Issue volume in securities: 400,000
Circulation start date: April 20, 06
Circulation term: 10 years
Offering term: during the whole circulation period
Register fixation date at maturity: April 19, 16
Maturity start date: April 20, 16
Maturity term: 10 calendar days after
circulation period end
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Coupon rate: 7.75% APR from the face value
for the first coupon period,
afterwards - floating, depending
on inflation rate in Kazakhstan
Register fixation dates for coupon payment: October 19 and April 19 annually
Coupons payment start dates: October 20 and April 20 annually
Term of coupon payments: 10 calendar days after the end of
the period, for which the payment
is made
Times basis at all settlements: 30/360, European method
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Date of admittance in trade lists of KASE: April 20, 06
Symbol on KASE: HSBKb11
Date of first trades: to be announced later
Quoting system on KASE: in net prices, % from the
face value
Accuracy of price changing in quoting: 4 decimal figures
Market-maker on KASE: Halyk Finance JSC (Almaty)
Minimal volume of compulsory quotation: 210 bonds
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Credit ratings of the issue: absent as of April 20, 06
Issuer's credit ratings:
Moody's: D-/Ba1/positive/NP
Fitch: ВВ+/stable/В/3, individual C/D
S&P: BB/stable/B
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The interest rate for the first coupon period is 7.75% APR from the face value. Following coupon payments are indexed on inflation rate and determined by the formula:
r = 15% - i, where
i,% - inflation rate, calculated as increase/decrease of consumer prices index (index as percentage minus 100%), which is published by Kazakhstan Statistics Agency for the last 12 months, preceding to one month before the next coupon payment;
15% - fixed margin, % APR.
While calculating the interest rate on the bonds (r) there was set the lower limit of inflation (i) on the level of 3% and the upper limit on the level of 9%.
According to issue specification, the issuer, by the initiative of the Board of directors, has the right for prescheduled redemption of the main debt at the face value.
Detailed information about the securities is available on KASE's web-site at see more
[2006-04-20]