Rate for 12th Coupon on Bonds of Bank CenterCredit Is 17,3% APR
OREANDA-NEWS. On December 05, 2008 Bank CenterCredit (Almaty) informed in an official letter to Kazakhstan Stock Exchange (KASE) 17.30 % APR coupon interest rate has been set on subordinated bonds KZ2CRY07A750 (KASE official list, the first subcategory of the Non-rated debt securities category; CCBNb3; KZT1, KZT2.0 bn.; 07.06.03 - 07.06.10, semiannual coupon indexed to inflation rate) for the twelfth coupon, reported the press-centre of KASE.
The Bank CenterCredit message says the interest rate has been determined in accordance with the data of the Agency of the Republic of Kazakhstan on Statistics, in accordance with which consumer price index (inflation rate) made up 11.30 % APR for the period November 2008 to November 2007; fixed margin in accordance with terms of issue of the bonds equals to 6.00 % APR.
In the current coupon period the interest rate on the bonds made up 21.00 % APR.
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