Rate for 10th Coupon Period on Bonds of Kaspi Bank Is 13,66% APR
OREANDA-NEWS. On December 03, 2008 Kaspi Bank (Almaty) informed Kazakhstan Stock Exchange (KASE) by the official letter that on its bonds KZ2CKY07B204 (KASE official list, the first subcategory of "Non-rated Debt Securities", CSBNb4, KZT20,000, KZT7.0 bn., June 3, 04 - June 3, 11, the semi-annual coupon indexed on the inflation rate) for the tenth coupon period was set the coupon interest rate in the size of 13.66 % APR, reported the press-centre of KASE.
According to the message in compliance with the letter of the Agency for Statistics of the Republic of Kazakhstan, the consumer prices index (the inflation rate) for the third quarter of 2008 to the third quarter of 2007, made up 119.5 %. According to the mentioned bonds issue prospectus the upper limit of the coupon interest rate is calculated as the average value of the consumer prices index at previous coupon payments minus 100 plus 4.5.
In the current coupon period the interest rate on mentioned bonds made up 12.46 % APR.
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