Halyk Savings Bank Checks State of Pledge on Bonds of KMC
OREANDA-NEWS. On February 02, 2009 Halyk Savings Bank of Kazakhstan (Almaty), a representative of holders of mortgage bonds of Kazakhstan Mortgage Company (Almaty), reported the press-centre of KASE:
- KZ2CKY10A853 (KZIKb2; KZT1, KZT3.0 bn.; 11.08.03 - 01.10.13, semiannual coupon indexed to inflation rate, 19.00 % APR as for the current period);
- KZ2CKY10В075 (KZIKb4; KZT1; KZT5.0 bn.; 01.02.04 - 01.04.14; semiannual coupon indexed to inflation rate, 18.70 % APR as for the current period);
- KZ2CKY07B303 (KZIKb7; KZT1; KZT5.0 bn.; 01.10.04 - 01.10.11; semiannual coupon indexed to inflation rate, 18.30 % APR as for the current period);
- KZ2CKY10B315 (KZIKb8; KZT1; KZT5.0 bn.; 01.10.04 - 01.10.14; semiannual coupon indexed to inflation rate, 18.30 % APR as for the current period)
traded in official list of Kazakhstan Stock Exchange (KASE), informed KASE in an official letter on analysis of adequacy of pledge property volume, which is the guarantee of Kazakhstan Mortgage Company liabilities before bondholders, issue prospectus of mentioned securities as on January 1, 2009.
Relying on the check, Halyk Savings Bank of Kazakhstan informed that the volume of pledge satisfies requirements, demanded to secured securities in compliance with Legislation of Republic of Kazakhstan, the value of securing coefficient of mentioned bonds corresponds to requirement of mentioned bonds issue prospectus and contract of pledge, coupon interest is paid fully and in time.
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