/IRBIS, Andrey Tsalyuk, April 24, 06/ - Following is the characteristics of
XS0244509963 issue international bonds of JPMorgan Chase Bank, National
Association (Columbus, Ohio state), which is given in accordance with their
inclusion in Kazakhstan stock exchange's (KASE) official "A" listing category
and the opening of trades.
Information published below is given in accordance with conclusion of
KASE's Listing commission, specification of the bond issue and the
information of the Bloomberg agency.
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Type of securities: international bonds for a bearer
with floating coupon rate
Debt type: main unsecured insubordinate
ISIN XS0244509963
Regulation rules: Regulation S
Issue currency: KZT
Servicing currency: KZT, possible USD
Issue volume in issue currency: 13,200,000,000
Face value (KZT): 10,000,000/1,000,000
Circulation start date (of payment): February 13, 06
Circulation term: 10 years
Maturity date: February 13, 16
At maturity register fixation date: register is not fixed
Coupon type: semi-annual
Coupon rate: floating, depends on inflation
rate in Kazakhstan
Date of coupon payments: February 14 and August 14 annually
Register fixation date for coupon payments: register is not fixed
Coupon payment currency: KZT, possible USD
Time basis: 30/360
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Offer method by subscription
Offer price 100.00%
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Date of admittance to KASE's trade lists: April 21, 06
Date of first trades in KASE: April 24, 06
KASE trade code: US_JPM_e1
Quotation system at KASEĐ– in "dirty" prices, expressed in %
from face value
Accuracy of price changing during quotation: 4 decimal points
Lot size on trades in KASE: KZT10.0 m. in nominal expression
of a loan
Market-maker at KASE: Kazkommerts Invest JSC (Almaty)
Minimal volume of compulsory quotation: KZT10.0 m. in nominal expression
of a loan
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Credit ratings of the issue: S&P - "AA-"; Moody's - "Aa2"
Credit ratings of the issuer
S&P AA-/stable/A-1+
Moody's Aa2/stable
Fitch A+/positive/F1+
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According to the circular of bonds issue, its organizers in Kazakhstan were
Kazinvestbank JSC, Kazkommerts Invest JSC and TuranAlem Securities
JSC (all - Almaty). Kazinvestbank JSC is also the agent on bond subscription
in Kazakhstan.
The primary payment agent on bonds - Daughter Bank HSBC Bank
Kazakhstan JSC (Almaty), the payment agent in Luxemburg and the listing
agent - Deutsche Bank Luxemburg S.A. (Luxemburg), registrar - HSBC
Bank Plc (London, United Kingdom).
Bonds were offered among accumulative pension funds of the Republic of
Kazakhstan.
The issuer of the bonds and the Finance ministry of the Republic of
Kazakhstan (hereinafter - Counteragent) made a hedging agreement, in
accordance with which the issuer pays to Counteragent amounts in dollars
on deposit rates in dollars for six months period, and the Counteragent pays
to the issuer the corresponding amount in tenge. Payment of renumeration
on bonds may be made in dollars in case the issuer did not receive the
specified payment from the Counteragent within the aforementioned
agreement, or when this agreement is annulled. In this case the issuer can
at his personal discretion set the payment of renumeration in dollars on rate,
which will be determined in accordance with the bonds issue prospect.
Conditions of indexation of interest rate on bonds and rate determination of
tenge against dollar are given in detail in the bonds issue prospect. IRBIS
specialists insistently recommend interested investors to attentively
familiarize themselves with this document, links on which are at
http://www.kase.kz/Emitters/jpm_.asp
[2006-04-24]