OREANDA-NEWS. October 06, 2009. Bank CenterCredit (Almaty), a representative of holders of mortgage bonds KZ2CKY05B752 (DNBNb1; KZT1,000, KZT1.0 bn; 05.01.06 - 05.01.11, semiannual coupon indexed to inflation rate, 9.60 % APR as for the current coupon; 30/360) of Danabank (Almaty), listed on Kazakhstan Stock Exchange (KASE), informed KASE on check of pledge, which is a collateral of compliance with obligations of Danabank on the bonds as on July 1, 2009, reported the press-centre of KASE.

On the basis of the check Bank CenterCredit informed "in accordance with the prospectus of bonds NIN KZ2CKY05B752 collateral coefficient of the bonds must equal to at least 140 % of the total nominal value of the bonds, with account to accrued interest thereon, except for bonds, redeemed by the issuer. In accordance with the extract provided by the registrar as on July 1, 2009 – the number of outstanding bonds is 800,000, the issuer redeemed 600,000, accordingly, liquid collateral should total to KZT301 m.

On the basis of the check the Representative informs the state of the pledge, which is collateral of compliance with obligations of the issuer before bondholders, does not comply with terms of the Prospectus. The Representative required the Issuer to take steps to comply with requirements to liquid collateral.

Coupon interest is paid timely and in full".